New vs old tax regime
The new regime has lower rates and a higher ₹75,000 standard deduction but few other deductions. The old regime has higher rates but lets you claim 80C, 80D, HRA, and home-loan interest.
Thrivelance Tools
India Salary Calculator (FY 2025-26)
Estimate your income tax and take-home salary under the new and old tax regimes for AY 2026-27, including standard deduction, Section 87A rebate, and 4% health & education cess.
Enter your details
Compare the new (default) and old tax regimes on your annual salary.
| Breakdown | Annual | Monthly |
|---|---|---|
| Gross salary | ||
| Standard deduction | ||
| Taxable income | ||
| Income tax | ||
| Health & education cess (4%) | ||
| Take home salary |
Total tax payable
Effective tax rate
New regime slabs
- Up to ₹4L — nil
- ₹4L–8L — 5%
- ₹8L–12L — 10%, ₹12L–16L — 15%
- ₹16L–20L — 20%, ₹20L–24L — 25%, above — 30%
Section 87A rebate
Under the new regime, residents with taxable income up to ₹12 lakh pay zero tax thanks to the enhanced 87A rebate of up to ₹60,000.
Cess
A 4% health and education cess applies to your income tax under both regimes and is included in the total tax shown.
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FAQ
Common questions about this calculator.
Which tax regime is better for me?
The new regime is the default and usually results in lower tax unless you claim significant deductions (80C, 80D, HRA, home-loan interest) under the old regime. Compare both with your numbers.
Is income up to 12 lakh tax-free?
Under the new regime for FY 2025-26, resident individuals with taxable income up to ₹12 lakh pay zero tax due to the enhanced Section 87A rebate of up to ₹60,000.
What is the standard deduction?
Salaried individuals get a ₹75,000 standard deduction under the new regime and ₹50,000 under the old regime.
What is the 4% cess?
A health and education cess of 4% is added on top of your income tax under both regimes and is included in the total tax payable.