Free calculator · Tax year 2026-27
Income tax calculator: old vs new regime
Your salary's tax for 2026-27 under the Income-tax Act 2025, both regimes side by side. Standard deduction, HRA for the eight cities, section 123 and 126 deductions, home-loan interest, rebate with marginal relief, surcharge and 4% cess.
Cheaper for you
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New regime
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a year · a month
Old regime
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a year · a month
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These results are estimates for planning, not tax advice. They cover salary only (no capital gains, rent or other income) and a resident individual. Check your own case with a tax adviser.
Dexta PayDexta Pay does this for every employeeEach month's TDS from the whole year's estimate, both regimes, declarations and proofs, Form 130 and Form 138.How it's worked out
- New regime (the default): nil up to ₹4 lakh, then 5%, 10%, 15%, 20% and 25% for each ₹4 lakh, and 30% above ₹24 lakh. Standard deduction ₹75,000. A rebate of up to ₹60,000 makes total income up to ₹12 lakh tax-free; just above ₹12 lakh, marginal relief keeps the tax no higher than the income above ₹12 lakh. The only deduction most employees get is the employer's NPS contribution.
- Old regime: nil up to ₹2.5 lakh (₹3 lakh at 60, ₹5 lakh at 80), 5% to ₹5 lakh, 20% to ₹10 lakh, 30% above. Standard deduction ₹50,000. Rebate up to ₹12,500 when total income is ₹5 lakh or less. HRA, professional tax, home-loan interest and the section 123, 124(3) and 126 deductions come off.
- HRA exemption: the least of the HRA you get, rent less 10% of basic + DA, and half of basic + DA in Delhi, Mumbai, Kolkata, Chennai, Bengaluru, Hyderabad, Pune, Ahmedabad (40% elsewhere). From 2026-27 the Income-tax Rules 2026 name eight cities, up from four.
- Surcharge: 10% above ₹50 lakh, 15% above ₹1 crore, 25% above ₹2 crore and, in the old regime only, 37% above ₹5 crore, each with marginal relief. Then 4% health and education cess on tax and surcharge.
- Total income is rounded to the nearest ₹10 and the tax to the rupee. The employer's PF and NPS above ₹7.5 lakh a year are taxed as a perquisite.
Try Dexta
Get every employee's TDS right, every month.
Dexta Pay works out each person's tax for the year under their regime, spreads it over the months left, and prepares Form 138 in Protean's file layout for the first three quarters (Q4 as a worksheet).