India Income Tax Calculator (Old vs New Regime) – 2026
Calculate your income tax for salaried and self-employed individuals under Old and New Tax Regimes as per the latest Indian Finance Act.
How to Use This Calculator
Enter your annual salary or total income, select deductions applicable (for Old Regime), and choose the tax regime. The calculator will compute total tax, cess, and net payable income under both regimes.
- Enter your annual income in INR.
- Select applicable deductions like Section 80C, 80D (only for Old Regime).
- Choose Old or New Tax Regime.
- Click Calculate Tax to view total payable tax and net income.
- Compare both regimes to optimize tax planning.
Income Tax Calculator
Income Tax in India: Old vs New Regime
India offers two tax regimes for individual taxpayers: the Old Regime with exemptions and deductions, and the New Regime with lower rates but no exemptions. Salaried and self-employed individuals can choose the regime that minimizes tax liability. This calculator provides instant computation for both regimes.
Old Regime Tax Slabs (FY 2026-27)
- Up to ₹2,50,000 – Nil
- ₹2,50,001 – ₹5,00,000 – 5%
- ₹5,00,001 – ₹10,00,000 – 20%
- Above ₹10,00,000 – 30%
New Regime Tax Slabs
- Up to ₹2,50,000 – Nil
- ₹2,50,001 – ₹5,00,000 – 5%
- ₹5,00,001 – ₹7,50,000 – 10%
- ₹7,50,001 – ₹10,00,000 – 15%
- ₹10,00,001 – ₹12,50,000 – 20%
- ₹12,50,001 – ₹15,00,000 – 25%
- Above ₹15,00,000 – 30%
Tips for Tax Planning
- Old Regime allows deductions under sections like 80C, 80D, 24(b).
- New Regime offers lower rates but no exemptions.
- Compare tax payable under both regimes annually.
- Plan deductions early in financial year for maximum benefit.
- Use this calculator to simplify decision-making and compliance.
FAQs
What is the difference between Old and New Tax Regimes?
Old Regime allows deductions and exemptions with higher slabs. New Regime offers lower rates without deductions/exemptions. Taxpayers can choose annually.
Can salaried employees use both regimes?
Yes, taxpayers must select one regime for the financial year while filing their income tax return.
Do deductions apply in the New Regime?
No, the New Regime does not allow deductions or exemptions. Tax is calculated solely based on income slabs.
Using this calculator ensures accurate income tax computation for India, simplifies comparison between Old and New Regimes, and helps optimize tax planning effectively.