Loading page...
Loading page...
Calculate your tax liability for Assessment Year 2026-27 and compare Old vs New Tax Regime to maximize your savings
Basic + HRA + Allowances + Bonuses
FD, Savings Account, RD Interest
Annual rental income from house property
Freelance, Consultancy, Commission, etc.
Agricultural income (exempt but included for rate calculation)
Tax deducted by employer, bank, or other deductors
Total Income
₹12,50,000
Taxable Income
₹11,75,000
Total Tax
₹0
Net Tax Payable
₹0
of your total income
Input your gross salary, interest income, rental income, and all eligible deductions under Section 80C, 80D, HRA, home loan interest, etc.
Our calculator applies the latest FY 2025-26 tax slabs, Section 87A rebate, 4% Health & Education Cess, and surcharge automatically.
See both Old and New regimes side-by-side with charts. Get a clear recommendation on which regime saves you more tax.
For Senior Citizens (60-80 years): Basic exemption limit is ₹3,00,000. For Super Senior Citizens (80+ years): ₹5,00,000.
| Feature | Old Regime | New Regime |
|---|---|---|
| Tax Slabs | 4 slabs (up to 30%) | 7 slabs (up to 30%) |
| Standard Deduction | ₹50,000 | ₹75,000 (FY 2025-26) |
| Section 80C (PPF, ELSS, LIC) | ✓ Allowed (₹1.5L) | ✗ Not Allowed |
| Section 80D (Health Insurance) | ✓ Allowed | ✗ Not Allowed |
| HRA Exemption | ✓ Allowed | ✗ Not Allowed |
| Home Loan Interest (24b) | ✓ Allowed (₹2L) | ✗ Not Allowed |
| LTA/LTC Exemption | ✓ Allowed | ✗ Not Allowed |
| NPS (80CCD(1B)) | ✓ Allowed (₹50K) | ✗ Not Allowed |
| NPS (80CCD(2) Employer) | ✓ Allowed | ✓ Allowed |
| Section 87A Rebate | Up to ₹12,500 (income ≤ ₹5L) | Up to ₹60,000 (income ≤ ₹12L) |
| Best For | Those with high deductions > ₹3.5L | Those with few deductions |
If your total deductions (80C + 80D + HRA + Home Loan + others) exceed approximately ₹3.5-4 Lakhs, the Old Regime usually becomes more beneficial. With the New Regime standard deduction now at ₹75,000, the breakeven point has shifted higher. Use our calculator above to find your exact savings!
Section 80C is the most popular tax-saving section. The combined limit for 80C, 80CCC, and 80CCD(1) is ₹1,50,000 per financial year.
Automatic deduction from salary
Max ₹1.5L/year, 15-year lock-in
Mutual funds with 3-year lock-in
Premium paid for self/spouse/children
5-year fixed interest instrument
For girl child, 21-year maturity
5-year lock-in with banks
For 60+ years, 5-year tenure
Principal portion of EMI
Full-time education for max 2 children
Within 80C limit of ₹1.5L
Within 80C limit
House Rent Allowance (HRA) exemption is available only under the Old Tax Regime. The exemption is the least of the following three:
The HRA component mentioned in your salary slip
Actual rent paid minus 10% of (Basic + DA)
50% for metro cities (Delhi, Mumbai, Chennai, Kolkata) or 40% for non-metro
| Type | Holding Period | Tax Rate | Exemption |
|---|---|---|---|
| STCG - Equity & Equity MF | < 1 year | 15% | None |
| LTCG - Equity & Equity MF | > 1 year | 10% (above ₹1.25L) | ₹1,25,000/year exempt |
| STCG - Debt, Gold, Property | < 3 years (Debt), < 2 years (Property) | As per slab rate | None |
| LTCG - Debt, Gold | > 3 years | 20% with indexation | Indexation benefit |
| LTCG - Property | > 2 years | 20% with indexation | Section 54/54F/54EC available |
* Marginal Relief available to ensure surcharge doesn't exceed income above threshold.
of (Income Tax + Surcharge)
Applied universally on the total tax liability after rebate and surcharge.
A: If your total deductions (80C + 80D + HRA + Home Loan + others) exceed approximately ₹3.5-4 Lakhs, the Old Regime is usually better. Otherwise, the New Regime with its lower tax rates and higher standard deduction (₹75,000) may save you more tax. Use our calculator to find out exactly!
A: Under the New Regime, income up to ₹12 Lakhs is effectively tax-free due to the Section 87A rebate of ₹60,000 (after ₹75,000 standard deduction). Under the Old Regime, income up to ₹5 Lakhs is tax-free with the ₹12,500 rebate.
A: Salaried individuals can switch every year when filing their ITR. However, those with business income can switch only once in their lifetime.
A: Only the employer contribution under Section 80CCD(2) is available in the New Regime. The employee contribution under 80CCD(1) and additional ₹50,000 under 80CCD(1B) are NOT available.
A: A late fee of ₹5,000 (₹1,000 if income ≤ ₹5L) is charged under Section 234F. You may also lose the ability to carry forward certain losses and face interest under Sections 234A, 234B, and 234C.
A: Agricultural income is exempt under Section 10(1). However, it is included for rate calculation purposes if your non-agricultural income exceeds the basic exemption limit.
A: Yes, you can claim both simultaneously if you are living in a rented house and own another house with a loan, provided you declare the owned house as let-out or self-occupied as per rules.
A: The standard deduction is ₹50,000 under the Old Regime and ₹75,000 under the New Regime (increased in Budget 2025). This is available to all salaried individuals and pensioners.
Calculate House Rent Allowance exemption under Section 10(13A).
Calculate Tax Deducted at Source on salary and other income.
Calculate in-hand salary after all deductions.
Calculate IGST, CGST, SGST with inclusive/exclusive modes.