📋 Your Income & Deductions

Annual Gross Salary (₹)

Enter total annual gross (Basic + all allowances × 12)

Annual HRA Received (₹)

Annual Rent Paid (₹)

Annual Basic Salary (₹) — for HRA calc

City Type

80C Investments (₹) — max ₹1.5L

80D Health Insurance Premium (₹)

NPS Employer Contribution (₹) — 80CCD(2)

80CCD(2) NPS employer contribution is deductible in New Regime too

📊 Regime Comparison

Enter your income and deductions to compare regimes

Old vs New Tax Regime — Complete FY 2026-27 Guide

India's income tax system offers two regimes for salaried employees: the Old Tax Regime (with deductions and exemptions) and the New Tax Regime (lower rates, minimal deductions). Since FY 2024-25, the New Regime is the default — you must actively opt for the Old Regime.

New Regime Tax Slabs FY 2026-27

Up to ₹4 lakh: Nil
₹4L – ₹8L: 5%
₹8L – ₹12L: 10%
₹12L – ₹16L: 15%
₹16L – ₹20L: 20%
₹20L – ₹24L: 25%
Above ₹24L: 30%
Rebate u/s 87A: Zero tax for income up to ₹12 lakh
Standard Deduction: ₹75,000

Old Regime Tax Slabs FY 2026-27

Up to ₹2.5 lakh: Nil
₹2.5L – ₹5L: 5%
₹5L – ₹10L: 20%
Above ₹10L: 30%
Standard Deduction: ₹50,000
Key deductions allowed: HRA, 80C (₹1.5L), 80D, 80CCD(1B) NPS, HRA exemption, LTA

Who Should Choose Old Regime?

The Old Regime is typically better if you have substantial deductions that push your taxable income significantly below the New Regime equivalent. Common scenarios:

You pay high rent in a metro and have large HRA exemption
You maximise 80C (₹1.5L) through ELSS, PPF, or home loan principal
You have home loan interest deduction under Section 24(b)
Your total deductions exceed ₹3.75 lakh (break-even vs New Regime)

Can I switch between Old and New regime every year?

Salaried employees (with no business income) can switch regimes every financial year when filing ITR. However, you must inform your employer at the start of the year for TDS purposes. If you have business income, switching is more restricted.

Is NPS deduction available in New Regime?

Yes — the employer's contribution to NPS under Section 80CCD(2) is available in the New Regime (up to 10% of Basic+DA). The employee's own contribution under 80CCD(1B) (up to ₹50,000) is only available in the Old Regime.

What is the break-even deduction amount for switching to Old Regime?

For most income levels between ₹10L-₹20L, if your total Old Regime deductions (HRA + 80C + 80D + others) exceed approximately ₹3.5-4L, the Old Regime saves more tax. Use the calculator above to find your exact break-even.

Old vs New Tax Regime Calculator

Old vs New Tax Regime — Complete FY 2026-27 Guide

New Regime Tax Slabs FY 2026-27

Old Regime Tax Slabs FY 2026-27

Who Should Choose Old Regime?

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