Compare Old vs New Tax Regime for AY 2026-27 & AY 2027-28. Get a complete step-by-step slab-wise tax breakdown with deductions, rebate, cess, and monthly TDS under Section 192.
| Basic salary | — |
| HRA received | — |
| Special / other allowances | — |
| LTA received | — |
| Bonus / incentive | — |
| Other income | — |
| = Gross Total Income | — |
| Gross income | — |
| Standard deduction | − ₹75,000 |
| HRA exemption | Not available in New Regime |
| 80C / 80D / Home Loan / NPS | Not available in New Regime |
| = Taxable Income | — |
| Gross income | — |
| Standard deduction | − ₹50,000 |
| HRA exemption | — |
| LTA exemption | — |
| Section 80C | — |
| Section 80D | — |
| Home loan u/s 24(b) | — |
| NPS 80CCD(1B) | — |
| Section 80TTA | — |
| Other deductions | — |
| Total deductions | — |
| = Taxable Income | — |
| Tax on slabs | — |
| Less: Section 87A rebate | — |
| Tax after rebate | — |
| Add: Surcharge | — |
| Add: Health & Ed. Cess @4% | — |
| Total Tax Payable | — |
| Tax on slabs | — |
| Less: Section 87A rebate | — |
| Tax after rebate | — |
| Add: Surcharge | — |
| Add: Health & Ed. Cess @4% | — |
| Total Tax Payable | — |
Ensure TDS on salary is deducted correctly & filed on time with OnlineTDS.com
Form 24Q quarterly filing · Form 16 generation · NSDL Authorised · 10,000+ businesses| Total tax payable | — |
| Less: TDS deducted by employer | — |
| Balance tax payable / (refundable) | — |
| Interest u/s 234B (advance tax shortfall) | — |
| Interest u/s 234C (instalment default) | — |
| Net Tax Payable / (Refundable) | — |
Section 234B — Interest at 1% per month is charged if advance tax paid is less than 90% of assessed tax. Applicable when total tax liability exceeds ₹10,000.
Section 234C — Interest at 1% per month for deferment of advance tax instalments (June, September, December, March deadlines).
Note: For salaried employees where TDS is deducted by the employer each month, 234B and 234C interest typically does not arise if TDS covers the full liability. Actual interest depends on the advance tax payment schedule.
This Income Tax Calculator is provided by OnlineTDS.com (Saibex Network) for general informational and educational purposes only. The results generated by this tool are estimates only and are based on the information entered by the user.
The calculator covers standard salary income scenarios. It does not account for: (a) capital gains income and special rate taxes; (b) income from business or profession; (c) agricultural income; (d) carry forward of losses; (e) AMT / MAT provisions; (f) relief under Section 89, 90, 90A or 91; (g) surcharge on special rate income; (h) specific DTAA provisions for NRIs; or (i) any other special provisions of the Income Tax Act, 1961.
Tax laws are subject to change. Users are advised to verify all calculations on the official Income Tax e-Filing portal (incometax.gov.in) and consult a qualified Chartered Accountant or tax professional before making any financial or tax decisions.
OnlineTDS.com and Saibex Network do not accept any liability for any loss, damage, or tax demand arising from reliance on the results of this calculator. The actual tax liability as computed by the Income Tax Department shall prevail in all cases.
The Union Budget 2025 introduced significant changes to the New Tax Regime, making it more attractive for salaried individuals. The same slab structure applies for both FY 2025-26 (AY 2026-27) and FY 2026-27 (AY 2027-28).
| Income slab | Tax rate | Tax on slab |
|---|---|---|
| Up to ₹4,00,000 | Nil | Nil |
| ₹4,00,001 – ₹8,00,000 | 5% | Up to ₹20,000 |
| ₹8,00,001 – ₹12,00,000 | 10% | Up to ₹40,000 |
| ₹12,00,001 – ₹16,00,000 | 15% | Up to ₹60,000 |
| ₹16,00,001 – ₹20,00,000 | 20% | Up to ₹80,000 |
| ₹20,00,001 – ₹24,00,000 | 25% | Up to ₹1,00,000 |
| Above ₹24,00,000 | 30% | — |
Standard deduction: ₹75,000 | Section 87A rebate: ₹60,000 for taxable income up to ₹12,00,000 — making income up to ₹12,75,000 effectively tax-free after standard deduction.
| Income slab | Tax 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% |
Standard deduction: ₹50,000 | Section 87A rebate: ₹12,500 for income up to ₹5,00,000. Allows HRA, 80C (₹1,50,000), 80D, 80CCD(1B), 24(b) and other deductions.
Every employer must deduct TDS on salary under Section 192 based on the employee's projected annual tax liability. From FY 2024-25, the New Tax Regime is the default. Employees opting for Old Regime must declare in writing at the start of the financial year. The monthly TDS = Annual tax ÷ 12. Any delay in depositing this TDS attracts interest under Section 201(1A).
Income tax FY 2025-26 & FY 2026-27 — everything salaried employees need to know
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