See exactly how much income tax you'll pay under both regimes. Includes surcharge, 4% cess, marginal relief, and 87A rebate for FY 2026-27.
| Taxable income | ₹0 |
| Income tax (per slabs) | ₹0 |
| Health & education cess (4%) | ₹0 |
| Taxable income (after deductions) | ₹0 |
| Income tax (per slabs) | ₹0 |
| Health & education cess (4%) | ₹0 |
Default regime - lower slabs but no deductions other than standard deduction (₹75,000) and 87A rebate up to ₹12 L.
Plus 4% Health & Education Cess on tax + surcharge. Surcharge capped at 25% under new regime.
Allows itemised deductions (80C, 80D, HRA, home loan interest, etc.). Often better when you have ≥ ₹3 L of qualified deductions.
Standard deduction ₹50,000. 87A rebate up to ₹5 L. Senior (60+) gets ₹3 L exemption; super-senior (80+) ₹5 L.
Use the "Compare both" option above - the calculator marks the cheaper one with a "✓ Better" badge. Generally new regime wins unless your old-regime deductions (80C ₹1.5L + 80D + HRA + home loan interest + LTA) total above ~₹3 lakh.
Flat amount automatically deducted from gross income - ₹75,000 (new) / ₹50,000 (old) for FY 2026-27. No documentation needed.
Section 87A gives a full tax rebate if taxable income is at/below ₹12 L (new) / ₹5 L (old). Zeroes out the slab tax; cess still applies if the amount narrowly crosses the threshold.
If income crosses a slab/threshold by a small amount, marginal relief ensures the extra tax never exceeds the income above that threshold. Auto-applied.
On top of income tax for high incomes: 10% (₹50L–₹1Cr), 15% (₹1–₹2Cr), 25% (₹2Cr+ new regime / ₹5Cr+ old), 37% (above ₹5Cr, old only).
No - this is total annual tax liability. TDS is the advance tax your employer deducts monthly; reconciled with this total when you file your ITR.