Free Income Tax Calculator FY 2026-27

Compare New vs Old Tax Regime side by side. Know exactly which regime saves you more tax.

💰 Your Income
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Old Regime Only Deductions
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Recommended Tax Comparison
New Regime
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Old Regime
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NEW
OLD
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Tax savings with New Regime
Total Income₹0
Total Deductions (Old)₹0
Taxable Income (New)₹0
Taxable Income (Old)₹0
Tax Before Cess (New)₹0
Tax Before Cess (Old)₹0
Rebate u/s 87A (New)₹0
Rebate u/s 87A (Old)₹0
Surcharge₹0
Health & Edu Cess (4%)₹0
Monthly Tax (TDS)₹0
📊 Tax Slab Comparison
Income SlabNew RegimeOld Regime
₹0 — ₹3,00,0000%0%
₹3,00,001 — ₹6,00,0005%5%
₹6,00,001 — ₹9,00,00010%20%
₹9,00,001 — ₹12,00,00015%30%
₹12,00,001 — ₹15,00,00020%30%
₹15,00,000+30%30%
*New regime is default. Standard deduction: ₹50,000 (Old) / ₹75,000 (New). Rebate u/s 87A: Up to ₹7,00,000 (New) / ₹5,00,000 (Old).

Income Tax Calculator — FAQ

Which regime is better for me?
The New Regime (default) is better if you have fewer deductions. The Old Regime is better if you claim HRA, 80C, 80D, home loan interest, and other deductions totaling more than ₹4-5 lakhs. Use this calculator to compare both instantly.
What is standard deduction in the new regime?
The standard deduction in the New Regime is ₹75,000 (increased from ₹50,000 in Budget 2024). In the Old Regime, it remains ₹50,000. This is automatically deducted from salary income.
What is rebate u/s 87A?
New Regime: Tax rebate up to ₹25,000 if taxable income ≤ ₹7,00,000 (effectively zero tax).
Old Regime: Tax rebate up to ₹12,500 if taxable income ≤ ₹5,00,000.
Is this calculator free?
Yes! Completely free. For GST & bank reconciliation automation, try ReconcileAI.

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