Old vs New Tax Regime Calculator FY 2026-27

What is applied

Budget 2026 kept the slabs of both regimes unchanged for FY 2026-27. New regime: ₹75,000 standard deduction, slabs of 5% to ₹8 lakh, 10% to ₹12 lakh, 15% to ₹16 lakh, 20% to ₹20 lakh, 25% to ₹24 lakh and 30% above, full rebate where taxable income is up to ₹12 lakh with marginal relief, surcharge capped at 25%. Old regime: ₹50,000 standard deduction, ₹2.5 lakh exemption (₹3 lakh at 60, ₹5 lakh at 80), 5% to ₹5 lakh, 20% to ₹10 lakh, 30% above, rebate up to ₹12,500 where taxable income is up to ₹5 lakh, and the deductions you enter. Rental income takes the 30% standard deduction and loan interest in both regimes; the self-occupied loan interest and set-off of a house-property loss against salary are old-regime only (capped at ₹2 lakh). Rebate is for residents. Cess 4% in both. Read the worked examples.

Disclaimer. These calculators are provided for general information only. They apply the Indian and UAE tax rules as we understand them for the year stated and are not legal, tax or professional advice, and they do not create a client relationship. Your actual liability depends on your complete facts, on documents we have not seen and on law that changes; please confirm any figure with us before relying on it or acting on it. I. H. Khan and Associates accepts no liability for decisions taken on the basis of these tools. Nothing you enter leaves your browser unless you choose to send the result to us. Section numbers are those of the Income-tax Act, 2025, in force from 1 April 2026, with the familiar 1961 Act number in brackets; the rules are unchanged — see our section map.