What is the difference between the new and old tax regime?
The new regime has lower slab rates and a ₹75,000 standard deduction but almost no other deductions. The old regime has higher rates but lets you claim deductions such as 80C, 80D, HRA and home loan interest.
Ready answers
Salary-wise tax: new vs old regime (FY 2026-27)
| Yearly salary | New regime | Old regime | You save with new |
|---|---|---|---|
| ₹8 lakh | Nil | ₹65,000 | ₹65,000 |
| ₹10 lakh | Nil | ₹1,06,600 | ₹1,06,600 |
| ₹12 lakh | Nil | ₹1,63,800 | ₹1,63,800 |
| ₹12.8 lakh | Nil | ₹1,87,200 | ₹1,87,200 |
| ₹15 lakh | ₹97,500 | ₹2,57,400 | ₹1,59,900 |
| ₹18 lakh | ₹1,50,800 | ₹3,51,000 | ₹2,00,200 |
| ₹20 lakh | ₹1,92,400 | ₹4,13,400 | ₹2,21,000 |
| ₹25 lakh | ₹3,19,800 | ₹5,69,400 | ₹2,49,600 |
| ₹30 lakh | ₹4,75,800 | ₹7,25,400 | ₹2,49,600 |
| ₹50 lakh | ₹10,99,800 | ₹13,49,400 | ₹2,49,600 |
Tax including 4% cess, for a salaried person below 60 with no income other than salary. Old regime figures use only the ₹50,000 standard deduction; your deductions (80C, HRA, home loan) would lower them.
How to use this calculator
- Enter your gross yearly income.
- Say whether you are salaried, and pick your age group.
- Add your old-regime deductions (80C, 80D, HRA, home loan interest) to compare.
Read more: Income tax slabs FY 2026-27. New to these words? See the money glossary.
Common questions
Is income up to ₹12 lakh tax-free?
In the new regime, yes. The 87A rebate cancels tax when taxable income is up to ₹12 lakh, so salaried people pay nothing up to ₹12.75 lakh because of the ₹75,000 standard deduction.
Which regime is better for me?
The new regime is better for most people now. The old regime can win if you have large deductions, like a home loan, high HRA and full 80C.
How much tax on a 15 lakh salary?
In the new regime for FY 2026-27, about ₹97,500 including cess.
15 lakh salary par kitna tax lagega?
Naye regime me lagbhag ₹97,500 (cess milakar). Purane regime me deductions par nirbhar karta hai.
What is the difference between FY 2026-27 and AY 2027-28?
FY (financial year) 2026-27 is the year you earn the income, April 2026 to March 2027. AY (assessment year) 2027-28 is the year you file the return for it.
Is income up to ₹12 lakh tax-free in the new regime?
Yes. If taxable income is up to ₹12 lakh, the rebate brings tax to zero. For salaried people the ₹75,000 standard deduction stretches this to a salary of ₹12.75 lakh.
Do senior citizens get different tax slabs?
Only in the old regime: the tax-free limit is ₹3 lakh at age 60 to 79 and ₹5 lakh at 80 and above. The new regime has the same slabs for everyone.