FY 2026-27 · AY 2027-28
Compare the old and new tax regimes on the income you type. The result includes the standard deduction, the section 156 rebate, surcharge, marginal relief and 4% cess.
Finfod Research DeskUpdated 28 Oct 2026How we check
New₹26,000 · Old ₹1,95,000
FY 2026-27, AY 2027-28
Salary, rent, interest and other slab income. Leave out capital gains taxed at a special rate.
EPF, PPF, ELSS, life insurance. Cap ₹1.5 lakh.
Work this out on the HRA page, then type the exempt amount.
Combined ceiling used here: ₹1 lakh.
Cap ₹50,000. This is your own extra NPS, not the employer share.
Was section 24(b). Cap ₹2 lakh for one self-occupied house.
Such as education-loan interest. This box is not capped.
Deducted in the old regime under section 19, up to ₹2,500. Presets are common slip totals, not a state rate card.
Was 80CCD(2). Allowed in both regimes, within 14% or 10% of basic plus DA.
Used only to cap employer NPS.
Tax for FY 2026-27
Total tax
₹26,000
New regime
Section 202. Standard deduction ₹75,000.
₹50,000 of deductions, including the standard deduction.
| Line | New | Old |
|---|---|---|
| Taxable income | ₹12,25,000 | ₹12,50,000 |
| Tax after rebate | ₹25,000 | ₹1,87,500 |
| Surcharge | ₹0 | ₹0 |
| Cess at 4% | ₹1,000 | ₹7,500 |
Your old-regime deductions add up to ₹50,000. That includes the ₹50,000 standard deduction. The old regime costs the same or less only when deductions other than the ₹50,000 standard deduction reach ₹6,87,498.
The link keeps the numbers on this page.
Difference between the two tax bills.
Old-regime deductions, other than the ₹50,000 standard deduction and employer NPS, that make the old regime cost the same or less.
₹38,750 of this is marginal relief. Tax before cess does not rise faster than the income above ₹12 lakh.
₹0 – ₹4,00,000.
₹4,00,001 – ₹8,00,000.
₹8,00,001 – ₹12,00,000.
₹12,00,001 – ₹16,00,000.
₹16,00,001 – ₹20,00,000.
₹20,00,001 – ₹24,00,000.
| Slab | Rate | Income in slab | Tax |
|---|---|---|---|
| ₹0 – ₹4,00,000 | 0% | ₹4,00,000 | ₹0 |
| ₹4,00,001 – ₹8,00,000 | 5% | ₹4,00,000 | ₹20,000 |
| ₹8,00,001 – ₹12,00,000 | 10% | ₹4,00,000 | ₹40,000 |
| ₹12,00,001 – ₹16,00,000 | 15% | ₹25,000 | ₹3,750 |
| ₹16,00,001 – ₹20,00,000 | 20% | ₹0 | ₹0 |
| ₹20,00,001 – ₹24,00,000 | 25% | ₹0 | ₹0 |
₹0 – ₹2,50,000.
₹2,50,001 – ₹5,00,000.
₹5,00,001 – ₹10,00,000.
Above ₹10,00,000.
| Slab | Rate | Income in slab | Tax |
|---|---|---|---|
| ₹0 – ₹2,50,000 | 0% | ₹2,50,000 | ₹0 |
| ₹2,50,001 – ₹5,00,000 | 5% | ₹2,50,000 | ₹12,500 |
| ₹5,00,001 – ₹10,00,000 | 20% | ₹5,00,000 | ₹1,00,000 |
| Above ₹10,00,000 | 30% | ₹2,50,000 | ₹75,000 |
Sources: Income-tax Act, 2025 (Income Tax Department) · Finance Bill 2026 memorandum · Section 202, new tax regime
You type income before the standard deduction. For a salaried person, the new regime subtracts ₹75,000 and the old regime subtracts ₹50,000. That standard deduction is section 19, table item 2. It was section 16(ia).
Section 202 was Section 115BAC. The new-regime slabs are nil to ₹4 lakh, then 5%, 10%, 15%, 20%, 25% and 30% above ₹24 lakh. The old regime, for a resident under 60, is nil to ₹2.5 lakh, 5% to ₹5 lakh, 20% to ₹10 lakh and 30% after that.
Section 156 was Section 87A. A resident in the new regime pays no tax when taxable income is ₹12,00,000 or less. Just above that, tax before cess cannot exceed the extra income. That is marginal relief. In the old regime the rebate is up to ₹12,500 when total income is ₹5,00,000 or less. There is no marginal relief at ₹5 lakh.
Surcharge starts above ₹50 lakh. The new regime stops at 25% above ₹2 crore. The old regime adds 37% above ₹5 crore. Near each threshold, tax plus surcharge does not rise by more than the extra income. Cess is 4% of tax plus surcharge. Cess has no marginal relief.
A resident salary of ₹13,00,000. New regime taxable income is ₹12,25,000. Tax after the rebate is ₹25,000. Cess is ₹1,000. The bill is ₹26,000.
The same person on ₹12,75,000 has taxable income of ₹12,00,000 and tax of ₹0. In the old regime, income of ₹5,00,000 with no deductions has tax of ₹0. One rupee more, the rebate drops and tax is ₹13,000.
This is an estimate for learning, not advice. Read the disclaimer.
FY 2026-27, which is assessment year 2027-28. The Income-tax Act, 2025 applies from 1 April 2026. A return for FY 2025-26 still uses the old section numbers, such as 115BAC and 87A. The slab rates are the same.
The ₹12 lakh rebate looks at income after the ₹75,000 standard deduction. ₹13 lakh of salary becomes ₹12.25 lakh. Tax before cess is limited to the ₹25,000 above ₹12 lakh. Cess makes the bill ₹26,000.
No. Section 156 relief is worked out on slab income. Tax under sections 196, 197 and 198 stays. Use the capital gains calculator for a sale.
Only a resident, and only in the old regime. From 60 to 79 the nil band is ₹3 lakh. At 80 it is ₹5 lakh. The new regime stays at ₹4 lakh for every age. A non-resident does not get the section 156 rebate.
The HRA exemption calculator works out the old-regime rent exemption. The in-hand salary calculator starts from CTC. The capital gains calculator handles a sale. The old versus new page is the same tax engine with fewer fields.
Which tax regime costs less for FY 2026-27 and FY 2025-26, including the ₹75,000 standard deduction.
The old-regime house rent exemption from actual HRA, rent and the city.
CTC to monthly take-home after PF, gratuity, professional tax and income tax.
Tax on shares, equity funds, debt funds, property and gold for one sale.
Gratuity from basic pay and dearness allowance, with the 15/26 formula, the five-year rule and the ₹20 lakh tax-free line.
Income tax slabs for FY 2026-27 (AY 2027-28) under section 202, with the section 156 rebate, marginal relief above ₹12 lakh, and the 4% cess.
Which tax regime costs less in FY 2026-27 for salaries from ₹7 lakh to ₹30 lakh, with the breakeven old-regime deduction beside each salary.
How house rent allowance is exempt in the old tax regime for FY 2026-27 (AY 2027-28): the three-way test, cities, rent receipts and the landlord PAN.
A lookup table from old Income-tax Act section numbers to the Income-tax Act 2025: 80C to 123, 87A to 156, 115BAC to 202, HRA and capital gains.
The complete section 123 list for FY 2026-27, still called 80C on older papers. One ₹1.5 lakh cap, and only if you leave the new tax regime.
Which ITR form to use for FY 2025-26, the due dates, what to keep ready, and the mistakes that make a return invalid. Official e-filing steps only.
Who pays advance tax in tax year 2026-27, the ₹10,000 test, four due dates, the senior-citizen exemption, and how to pay on the e-filing portal.
Home-loan interest, principal and the old first-time buyer rules for FY 2026-27. What section 22 and section 123 allow, and what a 2026 loan cannot claim.
How PPF, ELSS and NPS cut tax in FY 2026-27, what they return, and when the new regime makes the deduction worth nothing. Worked on the site’s own calculators.