What is the standard deduction under the New Tax Regime for FY 2026-27?

The standard deduction for salaried individuals and pensioners under the New Tax Regime is ₹75,000. Under the Old Tax Regime, the standard deduction remains ₹50,000.

Up to what income is tax zero under the New Tax Regime?

For salaried individuals, income up to ₹7,75,000 is completely tax-free under the New Tax Regime due to the ₹75,000 standard deduction combined with the full tax rebate under Section 87A on taxable income up to ₹7,00,000.

Old vs New Tax Regime Calculator (FY 2026-27)

Compare tax liabilities side-by-side with updated slabs, ₹75,000 standard deduction, Section 87A rebate, and Chapter VI-A deductions.

Analyzing your tax liabilities...

Comparing New vs Old Regime...

FY 2026-27 / AY 2027-28

1. Annual Income Details

Gross Salary / Total CTC (Annual) Before deductions

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Quick Salary Presets

Other Income (Rent, Interest)

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Employment Type

2. Deductions (Eligible under Old Regime)

Section 80C Max ₹1.5 Lakh

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Section 80D (Health Ins.) Self + Parents

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NPS 80CCD(1B) Max ₹50,000

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Home Loan Int. Sec 24(b) Max ₹2 Lakh

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HRA Exemption Sec 10(13A)

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Other Deductions (80E, 80G)

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Side-by-Side Tax Payable

New Tax Regime

₹0

Std Ded: ₹75,000

Old Tax Regime

₹0

Std Ded: ₹50,000

Monthly In-Hand Pay

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Effective Tax

Taxable Income (New): ₹0

Taxable Income (Old): ₹0

Total Old Deductions: ₹0

4% Cess (New): ₹0

4% Cess (Old): ₹0

Income Tax Slabs for FY 2026-27 (AY 2027-28)

Income Slab	New Tax Regime (Default)	Old Tax Regime (Optional)
Up to ₹2,50,000	NIL (0%)	NIL (0%)
₹2,50,001 to ₹3,00,000	NIL (0%)	5% (with Sec 87A rebate)
₹3,00,001 to ₹5,00,000	5% (Sec 87A rebate)	5% (Sec 87A rebate up to ₹5L)
₹5,00,001 to ₹7,00,000	5% (Sec 87A rebate up to ₹7L)	20%
₹7,00,001 to ₹10,00,000	10%	20%
₹10,00,001 to ₹12,00,000	15%	30%
₹12,00,001 to ₹15,00,000	20%	30%
Above ₹15,00,000	30%	30%
Standard Deduction	₹75,000 (Salaried / Pensioners)	₹50,000 (Salaried / Pensioners)