Old vs New Tax Regime Calculator FY 2026-27 for Salaried Taxpayers

Last updated: 10 November 2026. Enter your income and deductions to compare the new and old tax regimes for FY 2026-27 (assessment year 2027-28). The calculation runs in your browser and nothing you type is saved.

Your age group

Annual salary or business income (₹)

Other income, such as interest (₹)

Employer NPS contribution, Section 80CCD(2) (₹)

I am a salaried employee or pensioner (standard deduction applies)

Old regime only: deductions you claim

Section 80C, up to ₹1,50,000

NPS, Section 80CCD(1B), up to ₹50,000

Health insurance, Section 80D, up to ₹1,00,000

Home loan interest (self-occupied), up to ₹2,00,000

HRA exemption you have worked out (₹)

Other old regime deductions (₹)

How this calculator works

Who it is for: resident individuals. Budget 2026 left the income tax slabs, standard deduction, rebate and cess unchanged for FY 2026-27.
New regime slabs: nil up to ₹4 lakh, 5% from ₹4 to 8 lakh, 10% from ₹8 to 12 lakh, 15% from ₹12 to 16 lakh, 20% from ₹16 to 20 lakh, 25% from ₹20 to 24 lakh and 30% above ₹24 lakh.
New regime deductions: a standard deduction of ₹75,000 for salaried employees and pensioners, plus the employer’s NPS contribution under Section 80CCD(2).
Rebate: up to ₹60,000 under Section 87A, so there is no tax on taxable income up to ₹12 lakh. Above ₹12 lakh, marginal relief limits the tax to the amount by which income exceeds ₹12 lakh.
Old regime slabs (below 60): nil up to ₹2.5 lakh, 5% from ₹2.5 to 5 lakh, 20% from ₹5 to 10 lakh and 30% above ₹10 lakh. The nil slab is ₹3 lakh for ages 60 to 79 and ₹5 lakh for 80 and above.
Old regime deductions: standard deduction of ₹50,000 and the amounts you enter, with the usual caps: 80C ₹1,50,000, NPS 80CCD(1B) ₹50,000, 80D ₹1,00,000 and home loan interest ₹2,00,000. The rebate is up to ₹12,500 for taxable income up to ₹5 lakh.
Cess: 4% on the tax after rebate, in both regimes.

What this calculator does not cover

Surcharge, which applies above ₹50 lakh of income. The tool warns you when it is likely to matter.
Capital gains and other income taxed at special rates.
Non-resident taxpayers and other special cases.
Deductions that depend on detailed rules, such as HRA. Work out your HRA exemption first and enter the amount.

Frequently Asked Questions

Is income up to ₹12 lakh really tax-free in the new regime?

Yes, for resident individuals. The Section 87A rebate of up to ₹60,000 removes the tax on taxable income up to ₹12 lakh. With the ₹75,000 standard deduction, a salary of about ₹12.75 lakh can come to nil tax.

Which regime is better for me?

It depends on how many deductions you can claim. The tool shows the tax under both regimes for the same income so you can compare, but check the rules for your own case before you file.

Does the calculator include HRA and leave travel allowance?

It does not work out HRA for you. If you have calculated an HRA exemption, enter it in the old regime section.

Sources

Income Tax Department: incometax.gov.in
BusinessToday: Tax slabs FY 2026-27: what Budget 2026 changed

This tool gives estimates for general information. It is not tax advice. Confirm your tax with the Income Tax Department’s official calculators or a chartered accountant before you file.