Old vs New Tax Regime Calculator
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Only affects the Old Regime exemption limit.
Your result
Your tax: ₹0 · New regime saves ₹1,17,000
In hand after income tax: ₹1,00,000/month (New Regime)
Show calculation: New RegimeEvery step, the rule behind it and the official source
1. Taxable income
- Gross income₹12,00,000
- Standard deduction₹75,000
Section 19 (earlier 16(ia)): ₹75,000 in the new regime · Income Tax Dept
- Taxable income₹11,25,000
2. Income tax
- Tax on slabs₹52,500
₹0–4L @ 0% ₹0 ₹4L–8L @ 5% ₹4,00,000 × 5% = ₹20,000 ₹8L–12L @ 10% ₹3,25,000 × 10% = ₹32,500 Section 202 (earlier 115BAC): new regime slab rates · Income Tax Dept
- Rebate₹52,500
Section 156 (earlier 87A): up to ₹60,000 off when taxable income is ₹12,00,000 or less · Income Tax Dept
- Tax after rebate₹0
- Health & education cess₹0
4% of income tax · Income Tax Dept: Tax rates
- Total income tax₹0
3. Take-home
- Gross income₹12,00,000
- Total income tax₹0
- Income after tax₹12,00,000
Each line is rounded for display, so adding the rounded lines can differ from the total by 1.
Show calculation: Old RegimeEvery step, the rule behind it and the official source
1. Taxable income
- Gross income₹12,00,000
- Standard deduction₹50,000
Section 19 (earlier 16(ia)): ₹50,000 in the old regime · Income Tax Dept
- Investments (PF, PPF, ELSS, insurance…)₹1,50,000
Section 123 (earlier 80C): up to ₹1,50,000 · Income Tax Dept
- Taxable income₹10,00,000
2. Income tax
- Tax on slabs₹1,12,500
₹0–2,50,000 @ 0% ₹0 ₹2,50,000–5L @ 5% ₹2,50,000 × 5% = ₹12,500 ₹5L–10L @ 20% ₹5,00,000 × 20% = ₹1,00,000 Old regime slab rates for FY 2026-27 · Income Tax Dept
- Tax after rebate₹1,12,500
- Health & education cess₹4,500
4% of income tax · Income Tax Dept: Tax rates
- Total income tax₹1,17,000
3. Take-home
- Gross income₹12,00,000
- Total income tax₹1,17,000
- Income after tax₹10,83,000
Each line is rounded for display, so adding the rounded lines can differ from the total by 1.
What if…Move a slider to see how your tax changes
Full breakdownTables, chart and tax-saving tips
The New Regime saves you ₹1,17,000 per year compared to the other regime.
Old Regime
Includes standard deduction + the deductions you entered above.
Total Tax Payable
₹1,17,000
Effective rate: 9.8%
New Regime
Flat ₹75,000 standard deduction. No 80C/80D/HRA benefit.
Total Tax Payable
₹0
Effective rate: 0.0%
| Breakdown | Old Regime | New Regime |
|---|---|---|
| Taxable Income (Annual) | ₹10,00,000 | ₹11,25,000 |
| Tax Payable (Annual) | ₹1,17,000 | ₹0 |
| Tax Payable (Monthly) | ₹9,750 | ₹0 |
| Take-Home (Annual) | ₹10,83,000 | ₹12,00,000 |
| Take-Home (Monthly) | ₹90,250 | ₹1,00,000 |
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