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Income Tax Calculator FY 2026-27 (Old vs New)
Free income tax calculator for FY 2026-27: tax on salary and other income under the new and old regimes side by side, with 80C, 80D, HRA, home loan and NPS deductions, rebate, surcharge and 4% cess.
Your age
Old regime deductions (leave 0 if you don't have them)
New regime saves you
₹1,05,300
New regime ✓
Old regime
💡 Good to know
- New regime: tax-free up to ₹12 lakh taxable income (₹12.75 lakh salary with the ₹75,000 standard deduction).
- The new regime is the default. Salaried people can pick the old one each year when filing; business income can switch back only once.
- Old regime deductions need proof: rent receipts, 80C investments, insurance premium receipts.
- Senior citizens get a higher basic exemption only in the old regime (₹3 lakh at 60, ₹5 lakh at 80).
FY 2026-27. Rules last checked: October 2026. Special-rate income (capital gains, lottery) is not included. 🔒 Calculated on your device.
✅ Rules last checked:
📚 Official sources: Income Tax Department · Union Budget
We build every tool from the official rules and re-check them when they change. Always confirm with the official source before you rely on a result.
🛠️ Spotted a mistake or an out-of-date rule? Tell us
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Questions people ask
Which tax regime is better for me?+
Enter your income and your old-regime deductions. If your deductions (80C, HRA, home loan, 80D) are small, the new regime usually wins; with large deductions the old regime can be cheaper.
Is income up to ₹12 lakh tax-free?+
In the new regime, yes: the rebate cancels the tax when taxable income is up to ₹12 lakh. Salaried people also get the ₹75,000 standard deduction, so salary up to ₹12.75 lakh pays no tax.
Can I switch regimes every year?+
Yes, if you have no business income: choose when you file your return. With business income you can leave the new regime only once.