100% Free — No Login Required
Income Tax Calculator 2026-27
Compare old vs new tax regime. Find out which saves you more.
Step 1 — Basic Income
₹
₹
Interest, rental income, capital gains, etc.
Step 2 — Deductions (Old Regime)
₹
Max ₹1,50,000
₹
₹
₹
Max ₹2,00,000
₹
Advertisement
Old Regime vs New Regime: Which Should You Choose?
The new tax regime (introduced in FY 2020-21 and made default from FY 2023-24) offers lower tax rates but removes most deductions and exemptions. The old regime has higher rates but allows you to claim deductions under sections like 80C, 80D, HRA, and home loan interest.
When to Choose the New Regime
- You have total deductions less than ₹3-4 lakh per year
- You don't have a home loan or significant investments under 80C
- You prefer simplicity and don't want to maintain investment proofs
- You are a young professional early in your career
When to Choose the Old Regime
- You claim HRA exemption (especially in metro cities with high rent)
- You have a home loan with interest up to ₹2 lakh
- You invest heavily in 80C instruments (PPF, ELSS, LIC, etc.)
- Your total deductions exceed ₹3.5-4 lakh per year
Tax Slab Comparison (FY 2026-27)
| Income Slab | Old Regime | New Regime |
|---|---|---|
| 0 - ₹2,50,000 | Nil | Nil |
| ₹2,50,001 - ₹4,00,000 | 5% | Nil |
| ₹4,00,001 - ₹5,00,000 | 5% | 5% |
| ₹5,00,001 - ₹8,00,000 | 20% | 5% |
| ₹8,00,001 - ₹10,00,000 | 20% | 10% |
| ₹10,00,001 - ₹12,00,000 | 30% | 10% |
| ₹12,00,001 - ₹16,00,000 | 30% | 15% |
| ₹16,00,001 - ₹20,00,000 | 30% | 20% |
| ₹20,00,001 - ₹24,00,000 | 30% | 25% |
| Above ₹24,00,000 | 30% | 30% |
Disclaimer: This calculator provides an estimate based on the tax slabs for FY 2026-27. Actual tax liability may vary based on your specific situation. Please consult a qualified CA for official tax filing.