Finance Tool

Old vs New Tax Regime Calculator

See the estimated income tax under the old and the new regime side by side, for Tax year 2026-27 (FY 2026-27), and how much deduction the old regime would need to match.

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100% Free to Use Calculated in your browser • Nothing is stored

Tax year 2026-27 (FY 2026-27) Rules checked on 7 October 2026

What this calculates

Resident individuals under 60 with salary or pension income
Total income up to ₹50,00,000, so no surcharge
Income taxed at normal slab rates only: no capital gains, dividends, winnings, crypto, rent or business income
An estimate for Tax year 2026-27 (FY 2026-27), not tax advice and not a return

1 Your income

Annual salary or pension income

₹

Your total pay for the year before any deduction, as in your Form 16. Pension counts as salary. Include your employer's NPS contribution if it is part of the amount.

Other income taxed at normal rates (optional)

₹

For example, interest you earn. Do not include capital gains, dividends, winnings, rent or business income: they are not supported.

Basic salary plus DA (optional)

₹

Needed only for the HRA exemption and the employer NPS limit. DA counts if your terms of employment provide it.

2 Deductions that apply to you Old regime only, unless stated

This calculator does not check that you are eligible. Enter what you are sure of; each limit is applied for you. The new regime allows almost none of these.

Investments and payments under section 123 (80C)

₹

Such as life insurance premium and provident fund contributions (the full list is in Schedule XV of the Act). Limit ₹1,50,000.

Your own NPS contribution

₹

Your contribution, not your employer's. Limit ₹50,000 (section 124(3)).

Health insurance: you, spouse and children

₹

Premium paid, none of them aged 60 or more. Limit ₹25,000 (section 126).

Health insurance: your parents

₹

Premium paid for your parents (section 126).

Your parents' age

Under 60: limit ₹25,000. Aged 60 or more: ₹50,000. If only one is 60 or more, enter the total allowed in "Other eligible deductions" instead.

Professional tax paid (old regime only)

₹

Tax on employment deducted from your salary.

Home loan interest, house you live in

₹

Interest for the year on a loan for your own home. Not for a house you let out. Old regime only.

That loan was taken for

Buying or building, finished within five years of the year you borrowed: limit ₹2,00,000 (section 22). Anything else, such as repairs: ₹30,000.

To estimate a year's interest, use the Home Loan Calculator.

House rent allowance (HRA), old regime only

Worked out from rule 279 of the Income-tax Rules, 2026, for a full year in one city with one landlord. Uses your Basic salary plus DA above.

Work it out for me I know my exemption

HRA you receive in the year

₹

Rent you pay in the year

₹

Where you live

The 50% cities are Mumbai, Kolkata, Delhi, Chennai, Hyderabad, Pune, Ahmedabad and Bengaluru.

Advanced

Your employer's NPS contribution

₹

The limit is a share of your Basic salary plus DA (entered above): 14% in the new regime, 10% in the old (14% if your employer is the Central or a State Government).

My employer is the Central or a State Government

Other eligible old-regime deductions

₹

Anything else you are sure the old regime allows, for example interest on an education loan. The calculator does not check eligibility or limits for this amount.

3 Compare the regimes

Enter your annual salary or pension income to compare the two regimes.

How to Use the Old vs New Tax Regime Calculator

Enter your annual salary or pension income. The standard deduction is applied for you.
Open "Deductions that apply to you" and add what you are sure of. The limits are applied for you and shown.
Read the estimated tax under each regime and the difference. Open the breakdown to see how each was worked out.
The break-even shows how much old-regime deduction would make the two equal, so you can see how far your deductions are from it.

How the Two Regimes Differ for Tax year 2026-27 (FY 2026-27)

The new regime (section 202 of the Income-tax Act, 2025) has lower slab rates, a ₹75,000 standard deduction and a rebate that makes income up to ₹12,00,000 tax-free, with marginal relief just above it. It does not allow the old regime's exemptions and deductions, such as HRA, the section 123 (80C) deduction, health insurance, own NPS contributions, home loan interest on the house you live in and professional tax. It does allow the employer's NPS contribution.

The old regime has higher slab rates, a ₹50,000 standard deduction, a rebate only up to ₹5,00,000 of total income, and the deductions this calculator lets you enter. Both add 4% Health and Education Cess, and the final amount is rounded to the nearest ten rupees (section 516).

Rules and Sources

Every number here is for Tax year 2026-27 (FY 2026-27) and was checked against these official texts on 7 October 2026:

Income-tax Act, 2025: sections 202, 156, 19, 22, 123, 124, 126 Gazette of India (e-Gazette). Used for: slabs of the new regime, the rebate, the standard deduction, the deductions the new regime does not allow.
The Finance Act, 2026 (No. 4 of 2026): Part I-B of the First Schedule, sections 2 and 3 Gazette of India (e-Gazette), 30 March 2026. Used for: slabs of the old regime and the 4% cess for tax year 2026-27.
Income-tax Rules, 2026: rule 279 Income Tax Department e-filing portal (G.S.R. 198(E), 20 March 2026). Used for: the house rent allowance exemption.
Income-tax Act, 2025: section 516 Gazette of India (e-Gazette). Used for: rounding to the nearest ten rupees.
Income-tax Act, 2025 comes into force from today (1st April, 2026) Press Information Bureau, 1 April 2026. Used for: that the 2025 Act applies from 1 April 2026.

Section numbers are those of the Income-tax Act, 2025, which applies from 1 April 2026; the rebate in section 156 is the one called section 87A in the earlier Act. The rules can change during a year; this page states the year it covers and does not claim to be the latest.

Found a calculation or tax-rule issue, an outdated figure or a broken source link? Report it (opens GitHub in a new tab). Reports are public and need a free GitHub account. Please don't include personal or financial details.

What This Does Not Cover

It does not calculate business or professional income, capital gains, dividends, lottery or online-game winnings, crypto, foreign income, agricultural income, rent from a house you let out or a loss on one, arrears relief, family pension, senior citizens (60 and above), non-residents, part-year or multiple-employer cases, or income above ₹50,00,000. It assumes one tax year and one house you live in. It does not check that a deduction is allowed, and it is not tax or legal advice. Your actual return may differ; for anything complex, check the official sources above or ask a qualified professional.

Old vs New Tax Regime Calculator FAQ

Is my income or any number sent anywhere?

No. The calculation runs in your browser and nothing is uploaded or stored; reloading clears it.

Why is there a limit of ₹50,00,000?

Above ₹50 lakh of total income, surcharge applies, with its own thresholds and relief. This version does not calculate it, so it refuses higher incomes instead of giving a misleading number.

What is the break-even?

It is the amount of old-regime deductions and exemptions (not counting the standard deduction) at which the old regime's estimated tax falls to the new regime's. Since more deduction never raises the old regime's tax, there is one such point. It is shown to the nearest ₹1,000.

How is the HRA exemption worked out?

It is the least of the HRA you receive, the rent you pay minus 10% of your Basic salary plus DA, and 50% of that salary if you live in Mumbai, Kolkata, Delhi, Chennai, Hyderabad, Pune, Ahmedabad, Bengaluru or 40% elsewhere (rule 279 of the Income-tax Rules, 2026). If your case is different, enter the exemption yourself.

Why is the tax a multiple of ten?

The Act rounds total income and the amount payable to the nearest ten rupees (section 516), so that is how the estimate is rounded.