Salary & Tax · Income Tax
Income Tax Calculator (India) — Old vs New Regime
Work out your income tax for FY 2026-27 (AY 2027-28) under the new and the old regime side by side: standard deduction, HRA, 80C, 80D, NPS, home-loan interest, the rebate, surcharge with marginal relief and cess — and see how much more you'd need to invest for the old regime to win.
Your inputs
Quick start — try a typical case
Only the old regime has higher exemptions for seniors.
₹ 15 lakh
Everything your employer pays you in the year before deductions: basic, HRA, allowances, bonus. Leave 0 if you aren't salaried.
₹ 30 thousand
Interest, rent received after the 30 % allowance, freelance income — anything taxed at slab rates.
Deductible in both regimes: up to 14 % of basic + DA (new) or 10 % (old).
₹ 6 lakh
Needed for HRA and the employer-NPS limit.
₹ 2.4 lakh
₹ 3 lakh
50 %: Delhi, Mumbai, Kolkata, Chennai — and, under the 2026 rules, Bengaluru, Hyderabad, Pune and Ahmedabad. 40 % elsewhere.
₹ 1.5 lakh
Capped at ₹1.5 lakh (Section 123 of the Income-tax Act, 2025).
₹ 25 thousand
Usually up to ₹25,000 for yourself and family, plus up to ₹50,000 for senior-citizen parents.
Up to ₹50,000 over and above 80C.
Up to ₹2 lakh a year.
₹ 2.4 thousand
At most ₹2,500 a year.
Your result Live
New Regime Saves You More
₹34,351
₹1,02,180 tax vs ₹1,36,531 under the old regime
- Tax — New Regime
- ₹1,02,180 · 6.68% of income
- Tax — Old Regime
- ₹1,36,531 · 8.92% of income
- Monthly TDS (new regime)
- ₹8,515
- Taxable Income — New / Old
- ₹14,55,000 / ₹10,62,600
- HRA Exemption (old regime)
- ₹2,40,000 — least of HRA received ₹2,40,000, Rent paid − 10 % of basic + DA ₹2,40,000, 50 % of basic + DA ₹3,00,000
- Old Regime Breaks Even At
- ₹1,33,900 more in deductions
Side by side
12 rowsCovers income taxed at slab rates for a resident individual. Capital gains taxed at special rates (equity, property) aren't included.
You can switch regimes every year if you're salaried; with business income, switching back to the new regime is allowed only once.
Section names are the familiar Income-tax Act, 1961 ones (80C, 80D, 87A…). The Income-tax Act, 2025, in force from 1 April 2026, renumbered them — 80C is now Section 123 and the 87A rebate Section 156 — without changing the limits used here.
How this is calculated
Taxable = income − deductions (rounded to ₹10) · Tax = slabs − rebate + surcharge, then + 4 % cess
- New regime
- 0 % to ₹4 L, then 5/10/15/20/25 % per ₹4 L, 30 % above ₹24 L; ₹75,000 standard deduction; no tax up to ₹12 L taxable (rebate with marginal relief)
- Old regime
- 0 % to ₹2.5 L (₹3 L at 60–79, ₹5 L at 80+), 5 % to ₹5 L, 20 % to ₹10 L, 30 % above; ₹50,000 standard deduction; rebate up to ₹12,500 if taxable ≤ ₹5 L
- Surcharge
- 10 % above ₹50 L, 15 % above ₹1 Cr, 25 % above ₹2 Cr, 37 % above ₹5 Cr (new regime capped at 25 %), with marginal relief
The new regime has lower rates and a bigger standard deduction but almost no other deductions; the old regime has higher rates but lets you subtract HRA, 80C, 80D, NPS and home-loan interest. Which is cheaper depends on how much you claim — this calculator works out both and shows the deductions you'd need for the old regime to break even.
Assumptions & sources
- Rules for FY 2026-27 (tax year 2026-27 under the Income-tax Act, 2025), checked 2026-10-11.
- Resident individual; deductions are taken as entered within their limits (80D limits depend on ages, so enter what you can claim).
- Total income is rounded to the nearest ₹10 before tax.
- 1Income-tax slabs under the new tax regime (Section 115BAC; Section 202 of the Income-tax Act, 2025), rebate and standard deduction — Income Tax Department. Unchanged by Budget 2026.
- 2Tax rates for individuals and rebate under section 87A (old regime) — Income Tax Department
- 3Rebate under section 87A — who can claim it — Income Tax Department
- 4New vs old tax regime — FAQs — Income Tax Department e-filing portal
Calculator ID TAX-IN-INCOME-001 · version 1.0.0
Common questions
Is income up to ₹12 lakh tax-free in the new regime?
Yes for slab-rate income: the rebate wipes out tax when taxable income is up to ₹12 lakh. With the ₹75,000 standard deduction, a salary of up to ₹12.75 lakh pays no tax.
Which regime should I choose?
Whichever costs less for your claims. As a rough guide, the old regime starts winning only when your total deductions (HRA, 80C, 80D, NPS, home-loan interest) are large — the break-even figure here shows exactly how large.
Can I claim HRA in the new regime?
No. HRA, 80C, 80D, home-loan interest on a self-occupied house and most other deductions are only in the old regime. The employer's NPS contribution is allowed in both.