Income Tax Calculator
Compare old vs new tax regime for FY 2026-27 and see which one actually saves you more, with a full slab-by-slab breakdown.
Result
The new regime saves you ₹1,17,000 this year.
New regime
₹0
Taxable income ₹11,25,000 · rebate applied
Old regime
₹1,17,000
Taxable income ₹10,00,000
Estimate only. Includes standard deduction and the Section 87A rebate, but excludes surcharge (relevant above ₹50 lakh) and marginal relief right at the rebate threshold. Confirm with a Chartered Accountant or the official income tax calculator before filing.
Frequently asked questions
Which tax regime should I choose?
It depends entirely on how much you can claim in deductions under the old regime. As a rough guide, if your eligible deductions (80C, HRA, home loan interest, and so on) add up to a large share of your income, the old regime often wins. If you claim few deductions, the new regime usually wins. Run both numbers with your real figures using the calculator above.
Is this calculator accurate?
It applies the published FY 2026-27 slabs, standard deduction, and Section 87A rebate correctly, but it excludes surcharge (relevant only above ₹50 lakh income) and marginal relief right at the rebate threshold. Treat the result as a close estimate, not a final figure.
What deductions should I include in the old regime field?
Add up everything you would actually claim: Section 80C investments (up to ₹1.5 lakh), health insurance premium under 80D, home loan interest under Section 24(b), your HRA exemption amount, and any other eligible deduction. Use the HRA calculator on this site first if you're not sure what your HRA exemption is.
Can I switch between regimes every year?
Salaried individuals with no business income can choose either regime each year when filing their return. If you have business or professional income, switching back to the old regime after opting for the new one has additional restrictions, worth confirming with a CA.