CA Mukander Beniwal
Chartered Accountant · VSARK & Associates
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VSARK & Associates
Chartered Accountants
Prepared by CA Mukander Beniwal, Partner
Enter your salary, investments and deductions below. This tool computes your tax liability under both the Old and New regimes side by side — slabs, rebate, marginal relief, surcharge and cess included — so you can pick the one that costs you less.
Slab rates for individuals. Applicable irrespective of your deductions below.
| Taxable income | Rate |
|---|---|
| Up to ₹2,50,000 | Nil |
| ₹2,50,001 – ₹5,00,000 | 5% |
| ₹5,00,001 – ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
Senior citizens (60–80 yrs): nil slab up to ₹3,00,000. Super senior citizens (80+ yrs): nil slab up to ₹5,00,000. Standard deduction ₹50,000. Rebate u/s 87A: nil tax if taxable income ≤ ₹5,00,000 (no marginal relief beyond this).
| Taxable income | Rate |
|---|---|
| Up to ₹4,00,000 | Nil |
| ₹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% |
Same slabs for all ages. Standard deduction ₹75,000. Rebate u/s 87A: nil tax if taxable income ≤ ₹12,00,000, with marginal relief just above it.
Capital gains rates are identical under both regimes and are not eligible for the Sec 87A rebate or Chapter VI-A deductions. Surcharge on regular income: 10%/15%/25%/37% (Old), capped at 25% (New) for income above ₹50L/₹1Cr/₹2Cr/₹5Cr, with marginal relief.
A 30% standard deduction on net rent (Sec 24(a)) applies in both regimes. If rent minus deductions works out to a loss, up to ₹2,00,000 of house-property loss (combined with any self-occupied loss above) can offset your salary each year — any excess carries forward to future years and isn't reflected here.
Capital gains under Sections 111A, 112 and 112A are taxed at the fixed rates above regardless of your slab, cannot be reduced by Chapter VI-A deductions or the Sec 87A rebate, and carry a surcharge capped at 15%. Real estate or other assets bought before 23 July 2024 may qualify for an alternative 20%-with-indexation computation — ask us to check this separately, as it isn't modelled here.
| Computation | Old Regime | New Regime |
|---|
This calculator uses the income-tax slabs, Section 87A rebate thresholds, standard deduction and cess/surcharge rules applicable for FY 2026-27 (AY 2027-28) as continued from the Finance Act 2025 under the Income-tax Act, 1961. It covers income under the heads "Salaries", "Income from House Property" (self-occupied and let-out) and "Capital Gains" under Sections 111A, 112 and 112A. It does not cover business or professional income, foreign assets/income, unlisted-share/slump-sale gains, AMT, or the pre-23-July-2024 grandfathering option (20% with indexation) on real estate and other long-term assets.
The New Regime (Sec 115BAC) is the default regime; the Old Regime must be actively opted for. Health & Education Cess is charged at 4% on tax after rebate. Capital gains under Sec 111A/112/112A are taxed at fixed rates in both regimes, are not eligible for the Sec 87A rebate or Chapter VI-A deductions, and carry surcharge capped at 15%. Surcharge on your remaining income (10%/15%/25%/37% under Old Regime, capped at 25% under New Regime) and applicable marginal relief are computed automatically where your total income crosses ₹50 lakh, ₹1 crore, ₹2 crore or ₹5 crore.
This tool is for illustrative and planning guidance only and does not constitute a tax opinion or return-filing advice. Please get in touch with VSARK & Associates to verify your figures and to plan tax-saving investments before the financial year closes.
The FY 2026-27 Tax Regime Planning Kit — rate tables, a decision framework, a fill-in worksheet and two worked examples, on VSARK letterhead.
Salary, HRA, investments, rental income, capital gains — whatever applies to you.
The calculator computes Old vs New side by side, live, as you type.
Message CA Mukander on WhatsApp, or book a call for a second opinion.