On a gross salary of ₹15,00,000, the new regime leaves you about ₹14,02,500 after income tax and 4% cess — an effective tax rate of about 6.5%. Enter your own income below.
New vs old tax regime (FY 2025-26)
The new tax regime is the default. Thanks to the Budget 2025 changes, income up to ₹12,00,000 is effectively tax-free under the Section 87A rebate, and a salaried person gets a ₹75,000 standard deduction on top — so about ₹12,75,000 of salary can be tax-free. You cannot claim most deductions (80C, 80D, HRA) under this regime.
The old regime keeps the familiar 0/5/20/30% slabs and lets you claim deductions, but its §87A rebate only covers taxable income up to ₹5,00,000. It wins when your deductions are large.
New regime slabs — FY 2025-26 / AY 2026-27
| Taxable income | Rate |
|---|---|
| Up to ₹4,00,000 | 0% |
| ₹4,00,001 – 8,00,000 | 5% |
| ₹8,00,001 – 12,00,000 | 10% |
| ₹12,00,001 – 16,00,000 | 15% |
| ₹16,00,001 – 20,00,000 | 20% |
| ₹20,00,001 – 24,00,000 | 25% |
| Above ₹24,00,000 | 30% |
A 4% health & education cess applies on the tax. A surcharge of 10–25% applies above ₹50 lakh of income.
Old regime slabs
| Taxable income | Rate |
|---|---|
| Up to ₹2,50,000 | 0% |
| ₹2,50,001 – 5,00,000 | 5% |
| ₹5,00,001 – 10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
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Frequently asked questions
How much income is tax-free in India in 2026?
Under the new regime for FY 2025-26, income up to ₹12,00,000 is effectively tax-free via the §87A rebate; with the ₹75,000 standard deduction a salaried person pays no tax up to about ₹12,75,000 of salary. The old regime's rebate only covers taxable income up to ₹5,00,000.
What are the new tax regime slabs?
0% up to ₹4L, 5% (₹4–8L), 10% (₹8–12L), 15% (₹12–16L), 20% (₹16–20L), 25% (₹20–24L) and 30% above ₹24L, plus 4% cess and a surcharge above ₹50L.
Should I pick the new or old regime?
The new regime is the default and usually best without big deductions. The old regime can win if you claim large 80C/80D/home-loan/HRA deductions. Compare both with your real numbers.
Is this accurate for AY 2026-27?
It uses the FY 2025-26 slabs, standard deduction, §87A rebate (with marginal relief above ₹12L in the new regime), surcharge bands and 4% cess. It's a simplified estimate and doesn't auto-apply 80C/80D/HRA under the old regime — enter your taxable income to include those.
Estimates for guidance only, not tax advice. Confirm with the Income Tax Department or a qualified adviser.