Income Tax Calculator
FY 2026-27
Compare your tax liability under the old and new regime. Enter your income and deductions to see which regime saves you more.
Basic Details
Income Details
Salary Income
Income from House Property
Capital Gains
Income from Other Sources
Exempt Allowances (Old Regime)
These reduce salary income under the old regime only.
Deductions
Below deductions available only in old regime:
Old vs New Regime Comparison
| New Regime | Old Regime | |
|---|---|---|
| Income | ||
| Salary Income (gross) | - | - |
| Exempt Allowances (HRA, LTA) | N/A | - |
| House Property Income | - | - |
| Capital Gains (STCG + LTCG) | - | - |
| Other Sources | - | - |
| Gross Total Income | - | - |
| Deductions | ||
| Standard Deduction | - | - |
| Employer NPS - 80CCD(2) | - | - |
| Chapter VI-A (80C, 80D, etc.) | - | - |
| Total Taxable Income | - | - |
| Tax Calculation | ||
| Tax on Normal Income | - | - |
| Tax on STCG (15%) | - | - |
| Tax on LTCG (10%) | - | - |
| Rebate (Sec 87A / 156) | - | - |
| Surcharge | - | - |
| Health and Education Cess (4%) | - | - |
| Total Tax Payable | - | - |
Enter your income above and click Calculate and Compare
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Book a Discovery CallHow This Calculator Works
Lower tax rates, but most deductions are not available. Standard deduction of Rs 75,000. Rebate up to Rs 12 lakh income. This is the default regime since FY 2023-24.
Higher tax rates, but you can claim 80C, 80D, HRA, home loan interest, and other deductions. Standard deduction of Rs 50,000. Better if your total deductions exceed Rs 3.75 lakh.
Under the Income Tax Act 2025, section numbers have changed (80C is now 123, 115BAC is now 202) but the tax rates and rules remain the same for FY 2026-27.
Use our section mapping tool to find any old section's new equivalent.
Frequently Asked Questions
Which tax regime is better for salaried employees?
It depends on your deductions. If your total deductions (80C + 80D + HRA + home loan + others) exceed Rs 3.75 lakh, the old regime usually saves more. If your deductions are lower, the new regime with its lower rates is better. Use the calculator above to compare.
Can I switch between old and new regime every year?
Salaried individuals can switch between regimes every financial year. Business owners who opt out of the new regime can switch back only once. The choice is made when filing your ITR.
What is the tax-free income limit in 2025-26?
Under the new regime, income up to Rs 12 lakh is effectively tax-free due to the rebate under Section 156 (old 87A). With standard deduction of Rs 75,000, the effective tax-free limit is Rs 12,75,000. Under the old regime, the basic exemption is Rs 2.5 lakh (Rs 3 lakh for seniors).
Does this calculator include cess?
Yes. All tax amounts include 4% Health and Education Cess on top of the income tax. Surcharge is also included for income above Rs 50 lakh.
This calculator provides an estimate based on the tax rules for FY 2026-27 under the Income Tax Act 2025. Actual tax liability may vary based on your specific situation. Consult a qualified Chartered Accountant for personalised tax advice.