GlenCalc

India income tax calculator

Enter your yearly income. The calculator works out the tax under the new regime (the default) and the old regime (which allows deductions like 80C, 80D and HRA), with the rebate, surcharge and 4% cess, for FY 2026-27.

Only the old regime allows these. 80C alone is capped at ₹1,50,000.

Your answer

Tax under the new regime₹1,92,400.00
Tax under the old regime₹3,66,600.00
Lower taxNew regime, saves ₹1,74,200.00
Taxable income, new regime₹19,25,000.00
Taxable income, old regime₹18,00,000.00
Monthly income after tax (lower-tax regime)Before EPF and other payroll deductions₹1,50,633.33
  • Taxes your income at normal rates. Capital gains and other income taxed at special rates are not included. The regime is chosen each year when you file (salaried) or once (business income).

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How we worked it out

Updated as you change the numbers.

  1. New regime: ₹20,00,000.00 − standard deduction ₹75,000.00 = taxable ₹19,25,000.00.
  2. ₹4,00,000.00 to ₹8,00,000.00 at 5%: ₹20,000.00
  3. ₹8,00,000.00 to ₹12,00,000.00 at 10%: ₹40,000.00
  4. ₹12,00,000.00 to ₹16,00,000.00 at 15%: ₹60,000.00
  5. ₹16,00,000.00 to ₹20,00,000.00 at 20%: ₹65,000.00
  6. Tax ₹1,85,000.00.
  7. Plus surcharge ₹0.00 and 4% cess ₹7,400.00 = ₹1,92,400.00.
  8. Old regime: ₹20,00,000.00 − standard deduction ₹50,000.00 − deductions ₹1,50,000.00 = taxable ₹18,00,000.00.
  9. ₹2,50,000.00 to ₹5,00,000.00 at 5%: ₹12,500.00
  10. ₹5,00,000.00 to ₹10,00,000.00 at 20%: ₹1,00,000.00
  11. ₹10,00,000.00 to above at 30%: ₹2,40,000.00
  12. Tax ₹3,52,500.00.
  13. Plus surcharge ₹0.00 and 4% cess ₹14,100.00 = ₹3,66,600.00.

Method and assumptions

New regime slabs for FY 2026-27: nil up to ₹4 lakh, then 5%, 10%, 15%, 20% and 25% for each further ₹4 lakh, and 30% above ₹24 lakh. Salaried people deduct a standard ₹75,000. A rebate under section 87A of up to ₹60,000 makes the tax nil when taxable income is up to ₹12 lakh, with marginal relief just above that.

Old regime slabs: nil up to ₹2.5 lakh (₹3 lakh for senior citizens, ₹5 lakh for super seniors), 5% to ₹5 lakh, 20% to ₹10 lakh and 30% above, with a ₹50,000 standard deduction for salary and a rebate of up to ₹12,500 when taxable income is up to ₹5 lakh. Deductions such as 80C, 80D, HRA and home loan interest apply only here.

Surcharge applies above ₹50 lakh (10%), ₹1 crore (15%), ₹2 crore (25%) and, in the old regime only, ₹5 crore (37%), with marginal relief at each step. Health and Education Cess of 4% is added to tax plus surcharge.

Questions

How much tax on a ₹12,75,000 salary in the new regime?

Nil. After the ₹75,000 standard deduction, taxable income is ₹12 lakh, and the section 87A rebate cancels the tax.

New or old regime on a ₹20 lakh salary with ₹1.5 lakh of 80C?

The new regime: ₹1,92,400 against ₹3,66,600 in the old regime, including cess.

Sources

Method and figures checked on November 2, 2026. Every worked answer on this page is covered by an automated test. Found a mistake? Tell us.

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