Income Tax Calculator: Old vs New Regime (FY 2026-27)
Which regime saves you more tax this year? Enter your age, salary, PF, NPS, HRA and deductions once, and this free calculator compares the Old Regime and the New Regime side by side for FY 2026-27 (Tax Year 2026-27 under the Income-tax Act, 2025), shows your take-home salary and tells you which one is better for you.
Built for salaried people, pensioners, self-employed professionals and NRIs. You can also download the comparison as a PDF and have a copy emailed to you.
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FY 2026-27 (Tax Year 2026-27) — Enter your details once and see which regime leaves you with less tax
Step 1 — About you
NRIs do not get the Section 87A rebate or the senior-citizen slab relief.
Step 2 — Salary / pension details
Take these from your payslip or Form 16. Choose whether you want to type monthly or yearly figures — the calculator converts everything to a full year.
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Special allowance, bonus, incentives, LTA received, employer PF/NPS shown in CTC, etc.
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Counts towards Section 80C in the Old Regime.
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Include this amount in the salary figures above (as in your CTC / Form 16); we deduct it separately. Allowed in BOTH regimes.
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Deductible only in the Old Regime.
Total annual gross salary / pension₹0
House rent (for HRA exemption — Old Regime only) 10(13A)
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Leave 0 if you live in your own house or do not get HRA.
Bengaluru, Hyderabad, Pune and Ahmedabad were added to the 50% list under the Income-tax Rules 2026.
Step 3 — Other income (yearly amounts)
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Profit after business expenses (or presumptive income). Leave 0 if salaried only.
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Also include debt mutual fund gains, which are taxed at your slab rate.
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Taxed at 20% in both regimes.
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12.5% above ₹1.25 lakh in both regimes.
House property
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Up to ₹2 lakh allowed in the Old Regime only.
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Step 4 — Investments and deductions (yearly amounts)
These reduce tax mainly in the Old Regime. The New Regime allows only the standard deduction and employer NPS. Fill in what you actually invest or pay — the calculator applies the legal limits.
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PPF, ELSS, life insurance premium, tuition fees, home loan principal, NSC, 5-year tax-saver FD, Sukanya Samriddhi. Your EPF above is added automatically. Your own NPS under 80CCD(1) (up to 10% of basic + DA) also falls inside this limit. Limit ₹1.5 lakh in total.
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Extra ₹50,000 over and above the ₹1.5 lakh 80C limit. The same contribution cannot be claimed twice.
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Limit ₹25,000 (₹50,000 if you are 60 or above).
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No upper limit, for up to 8 years.
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Enter only the amount that qualifies for deduction (50% / 100% as per the receipt).
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80DD (disabled dependant, New Act Sec 127), 80U (self disability, Sec 154), 80EEB (EV loan), 80DDB etc.
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Only if you travelled within India and have tickets (2 journeys in a block of 4 years). Old Regime only.
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Used only to show balance tax payable or refund.
Total tax payable — Old vs New
Step-by-step comparison
| Item | Old Regime | New Regime |
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What would change the answer?
Get this report as a PDF
Enter your details to download a PDF copy. We will also email you the same report, and your advisor receives a copy so we can walk you through it.
Want help choosing and planning?
Choosing a regime is only the start. We can build your tax-saving investments, health and term insurance and long-term goals into one plan.
Book a financial planning consultationSlab rates used for FY 2026-27
New Regime (default):
- Up to ₹4 lakh: nil | ₹4-8 lakh: 5% | ₹8-12 lakh: 10% | ₹12-16 lakh: 15%
- ₹16-20 lakh: 20% | ₹20-24 lakh: 25% | Above ₹24 lakh: 30%
- Standard deduction ₹75,000 (salary / pension). Section 87A rebate up to ₹60,000 when taxable income is up to ₹12 lakh (with marginal relief just above it). New Act: Sec 202 (regime) and Sec 156 (rebate).
- Below 60: nil up to ₹2.5 lakh | 5% to ₹5 lakh | 20% to ₹10 lakh | 30% above
- Resident 60-79: nil up to ₹3 lakh. Resident 80+: nil up to ₹5 lakh.
- Standard deduction ₹50,000. Rebate up to ₹12,500 when taxable income is up to ₹5 lakh.
What this calculator assumes
- It models a single individual taxpayer for FY 2026-27 (the first year under the Income-tax Act, 2025, where the year is called Tax Year 2026-27). Slabs for FY 2026-27 are unchanged from FY 2025-26.
- The 50% HRA city list (8 cities) follows the Income-tax Rules 2026 as reported; please confirm against the official notification.
- New Act section numbers shown beside old sections follow published mapping tables; confirm the exact sub-section in the Act before quoting it in filings.
- Capital gains covered: listed equity and equity mutual funds (111A / 112A). Property sales, unlisted shares, gold and other assets are not modelled.
- Surcharge on dividend income is capped at 15% by law; here dividends are treated as normal slab income, so this matters only above ₹2 crore of income. Debt mutual funds bought before April 2023 (12.5% long-term rate) are also not modelled.
- Loss carry-forwards, presumptive taxation rules, ESOP perquisites, foreign income and the aggregate limit on employer contributions are not modelled.
- Business owners can switch regimes only in limited ways (Form 10-IEA); salaried individuals can choose every year.
- Tax is rounded to the nearest ₹10 as per the Act.
How to use this income tax calculator
- Enter your age, residential status and how you earn (salaried, self-employed or pensioner).
- Add your salary details monthly or yearly: basic plus DA, HRA, PF and employer NPS. Add rent paid if you claim HRA.
- Add other income such as interest, dividends and capital gains, and your Old Regime deductions such as 80C, 80D and home loan interest.
- Click Compare Old vs New Regime to see your tax, take-home pay, a step-by-step table and what could change the answer.
- Download the PDF and have it emailed to you if you want to keep or share the comparison.
Old Regime vs New Regime at a glance (FY 2026-27)
| Item | Old Regime | New Regime |
|---|---|---|
| Standard deduction (salary / pension) | ₹50,000 | ₹75,000 |
| Basic exemption | ₹2.5 lakh (higher for senior citizens) | ₹4 lakh |
| Section 87A rebate (resident) | Up to ₹12,500 (income up to ₹5 lakh) | Up to ₹60,000 (income up to ₹12 lakh) |
| HRA, 80C, 80D, home loan interest | Allowed | Not allowed |
| Employer NPS (80CCD(2)) | Up to 10% of basic + DA (14% for government employees) | Up to 14% of basic + DA |
| Maximum surcharge | 37% | 25% |
| Health and education cess | 4% | 4% |
Slabs and the standard deduction are unchanged from FY 2025-26; Budget 2026 made no change to the New Regime structure.
What this calculator covers
Salary and take-home
Basic, DA, HRA, PF, professional tax, employer NPS, LTA and your approximate monthly take-home under each regime.
Old Regime deductions
HRA exemption, 80C, 80CCD(1B), 80D, 80E, 80G, 80TTA / 80TTB and home loan interest, with the new Income-tax Act 2025 section numbers beside the old ones.
Rebate, surcharge and cess
Section 87A rebate with marginal relief, surcharge with marginal relief and the 4% cess, rounded the way the law requires.
Capital gains and other income
Short-term and long-term gains on listed equity and equity mutual funds, interest, dividends, rent and business income.
Frequently asked questions
Which tax regime is better for FY 2026-27, the Old Regime or the New Regime?
It depends on your deductions. The New Regime has lower slab rates but allows very few deductions. The Old Regime has higher slab rates but lets you claim HRA, Section 80C, 80D, home loan interest and NPS. People with large deductions often find the Old Regime close or better, while most salaried people with few deductions save more under the New Regime. Enter your details in the calculator above to see the exact comparison for your case.
Is income up to 12 lakh tax-free under the New Regime in FY 2026-27?
For a resident individual, yes. Section 87A gives a rebate of up to Rs 60,000 when taxable income is up to Rs 12 lakh, so the tax is nil. A salaried person also gets a Rs 75,000 standard deduction, so a salary of up to about Rs 12.75 lakh can come to zero tax. The rebate does not apply to non-residents and not against capital gains taxed at special rates. Just above Rs 12 lakh, marginal relief limits the tax to the amount by which income exceeds Rs 12 lakh.
What is the standard deduction for FY 2026-27?
The standard deduction for salaried employees and pensioners is Rs 75,000 under the New Regime and Rs 50,000 under the Old Regime.
What are the New Regime tax slabs for FY 2026-27?
Up to Rs 4 lakh: nil. Rs 4 lakh to Rs 8 lakh: 5 percent. Rs 8 lakh to Rs 12 lakh: 10 percent. Rs 12 lakh to Rs 16 lakh: 15 percent. Rs 16 lakh to Rs 20 lakh: 20 percent. Rs 20 lakh to Rs 24 lakh: 25 percent. Above Rs 24 lakh: 30 percent. A 4 percent health and education cess is added. Budget 2026 did not change these slabs.
Which deductions can I claim in the Old Regime but not in the New Regime?
The Old Regime allows HRA exemption, Section 80C (up to Rs 1.5 lakh), Section 80D health insurance, the extra Rs 50,000 for your own NPS under 80CCD(1B), home loan interest on a self-occupied house (up to Rs 2 lakh), education loan interest, donations and Leave Travel Allowance. The New Regime mainly allows the Rs 75,000 standard deduction and your employer's NPS contribution under 80CCD(2), up to 14 percent of basic salary and DA.
What are the new Income-tax Act 2025 section numbers for 80C, 80D and 87A?
The Income-tax Act, 2025 applies from 1 April 2026, and FY 2026-27 is called Tax Year 2026-27. Under it, old Section 80C is Section 123, 80D is Section 126, 80CCD is Section 124 and the 87A rebate is Section 156. The calculator shows the new section number beside each old one. Please confirm the exact sub-section in the Act before quoting it in a filing.
Can I switch between the Old and New Regime every year?
Salaried individuals with no business income can choose the regime each year while filing their return. Individuals with business or professional income have limited switching, so they should check the rules or ask their Chartered Accountant before choosing.
Is this income tax calculator accurate enough for filing my return?
It follows the FY 2026-27 slabs, rebate, surcharge, cess, HRA and deduction rules for a single individual taxpayer, but the results are illustrative and educational only. They are not tax advice. Please confirm your final tax position with a Chartered Accountant before filing.
Is my information safe when I use the calculator?
The tax calculation runs in your browser. If you choose to download the PDF and email it to yourself, your name, email and mobile number are sent only so that we can email you a copy of the comparison and, with your consent, contact you about it.
This calculator is illustrative and educational only and is not tax advice. Results depend on the figures you enter and the rules for FY 2026-27 as we understand them; please confirm your final tax position with a Chartered Accountant before filing. It models a single individual taxpayer and does not cover property sales, unlisted shares, gold or other assets. Mutual Fund investments are subject to market risk, please read all scheme related documents carefully before investing. Deepak Wealth Framework Pvt Ltd is an AMFI Registered Mutual Fund Distributor, ARN: 328771.
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