Taxpayer Profile & Gross Earnings
AY 2026-27 (FY 2025-26)
Old Tax Regime Exemptions
Applies only to Old RegimeNew Tax Regime
Saves you ₹58,500 in tax liability!
Calculations aligned with CBDT notifications for Assessment Year 2026-27 (FY 2025-26).
Old vs New Tax Regime Calculator: AY 2026-27 (FY 2025-26)
With the default New Tax Regime offering a ₹75,000 standard deduction and full Section 87A tax rebates for net income up to ₹12 Lakhs, selecting the wrong regime can cost you thousands. Compare both tax structures instantly using Tax Garden's e-filing engine.
How to use the tax regime calculator
1. Enter Income & Profile
Select your employment type (Salaried vs Business) and enter your annual salary, rental, or savings interest earnings.
2. Input Tax-Saving Investments
Enter your 80C, 80D, HRA, and home loan interest amounts for the Old Tax Regime calculation.
3. Compare & Save Tax
Click 'Calculate Tax Breakdown' or review real-time side-by-side tax outgoes to see which regime saves you maximum tax.
Official Tax Slabs for Assessment Year 2026-27
Standard tax slab rates as prescribed under Section 115BAC for the New Tax Regime vs the Old Tax Regime.
| Up to ₹4,00,000 | NIL |
| ₹4,00,001 to ₹8,00,000 | 5% |
| ₹8,00,001 to ₹12,00,000 | 10% |
| ₹12,00,001 to ₹16,00,000 | 15% |
| ₹16,00,001 to ₹20,00,000 | 20% |
| ₹20,00,001 to ₹24,00,000 | 25% |
| Above ₹24,00,000 | 30% |
| Up to ₹2,50,000 | NIL |
| ₹2,50,001 to ₹5,00,000 | 5% |
| ₹5,00,001 to ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
Tax Regime FAQs
Is this calculator accurate for ITR filing for AY 2026-27 (FY 2025-26)?+
Yes, 100%. The calculator is updated with the latest Finance Act provisions applicable for Assessment Year 2026-27, including the ₹75,000 standard deduction under the New Tax Regime, revised slabs (0-4L Nil, 4-8L 5%, 8-12L 10%, 12-16L 15%, 16-20L 20%, 20-24L 25%, >24L 30%), and the Section 87A rebate of up to ₹60,000 for taxable income up to ₹12 Lakh.
How does Section 87A rebate make salary up to ₹12.75 Lakh tax-free under New Regime?+
If your gross salary is ₹12,75,000, subtracting the ₹75,000 standard deduction brings your net taxable income to ₹12,00,000. Under the new slabs, tax on ₹12 Lakh comes to ₹60,000. Section 87A gives a full rebate of up to ₹60,000, reducing net payable tax to exactly ZERO.
Can I switch between Old and New Tax Regimes every year?+
Salaried individuals without business/freelance income can choose between the Old and New Tax Regimes every financial year when filing Form ITR-1 or ITR-2. Individuals with business/professional income (Section 44AD/44ADA) can switch back to the Old Regime only once in a lifetime using Form 10-IEA.
Which exemptions are allowed in the New Tax Regime?+
Popular exemptions like 80C, 80D, HRA, and self-occupied Home Loan interest are not allowed under the New Regime. However, Employer NPS contribution under Section 80CCD(2), official travel allowances, and transport allowance for special needs are allowed.
File Your Return With Guaranteed Maximum Savings
Tax Garden cross-checks your Form 16, AIS, and broker statements, optimizes your regime choice, and files an error-free return for AY 2026-27.