Priyanka Personal Finance
Smart Money · Simple Words · India
Smart Money · Simple Words · India
Compare your tax under the Old and New regimes (FY 2026-27) with Budget 2026 slabs. Factor in 80C, 80D, NPS, HRA, home-loan interest and pick the regime that saves more.
Educational use only · Not financial advice · Consult a CA before filing taxes
This calculator uses FY 2026-27 (AY 2027-28) slabs from the latest Finance Act, compares both regimes, and shows your exact tax payable after rebate and cess. Plug in your gross salary, house-rent and common deductions to see which regime saves more.
| Income | Rate |
|---|---|
| 0 – 3 L | Nil |
| 3 – 7 L | 5% |
| 7 – 10 L | 10% |
| 10 – 12 L | 15% |
| 12 – 15 L | 20% |
| Above 15 L | 30% |
Standard deduction ₹75,000, 87A rebate up to ₹12 lakh → zero tax up to ₹12.75 lakh salary.
Read the full income tax slabs 2026 guide.
Detailed comparison: Old vs New Tax Regime 2026.
For most salaries ₹7–12L with basic deductions, the new regime is better. For home-loan borrowers with HRA and maxed 80C, the old regime usually wins. Calculate both above.
With new regime standard deduction ₹75K + 87A rebate up to ₹12L taxable income, salaried employees pay zero tax up to ₹12,75,000 CTC.
Use 80C (₹1.5L), 80D (₹25K), NPS 80CCD(1B) (₹50K), HRA and home-loan interest under the old regime. See our tax saving tips.
No. New regime is the default but you can opt for the old regime each year (salaried) or once if you have business income.
No, HRA exemption is not allowed under the new regime. It continues under the old regime.
It uses official FY 2026-27 slabs and standard deductions. Always verify your exact liability with your Form 16 and a chartered accountant before filing.