Old vs New Tax Regime Calculator FY 2026-27
Compare your income tax under the old and new regimes for FY 2026-27 with your actual salary, rental income, home loan interest, section 123 (80C of the 1961 Act), section 126 (80D of the 1961 Act), NPS and HRA — including the ₹12 lakh rebate, surcharge, cess and the deductions you would need to break even.
Your income and deductions (FY 2026-27)
Old-regime deductions
Result
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What is applied
Budget 2026 kept the slabs of both regimes unchanged for FY 2026-27. New regime: ₹75,000 standard deduction, slabs of 5% to ₹8 lakh, 10% to ₹12 lakh, 15% to ₹16 lakh, 20% to ₹20 lakh, 25% to ₹24 lakh and 30% above, full rebate where taxable income is up to ₹12 lakh with marginal relief, surcharge capped at 25%. Old regime: ₹50,000 standard deduction, ₹2.5 lakh exemption (₹3 lakh at 60, ₹5 lakh at 80), 5% to ₹5 lakh, 20% to ₹10 lakh, 30% above, rebate up to ₹12,500 where taxable income is up to ₹5 lakh, and the deductions you enter. Rental income takes the 30% standard deduction and loan interest in both regimes; the self-occupied loan interest and set-off of a house-property loss against salary are old-regime only (capped at ₹2 lakh). Rebate is for residents. Cess 4% in both. Read the worked examples.
Disclaimer. These calculators are provided for general information only. They apply the Indian and UAE tax rules as we understand them for the year stated and are not legal, tax or professional advice, and they do not create a client relationship. Your actual liability depends on your complete facts, on documents we have not seen and on law that changes; please confirm any figure with us before relying on it or acting on it. I. H. Khan and Associates accepts no liability for decisions taken on the basis of these tools. Nothing you enter leaves your browser unless you choose to send the result to us. Section numbers are those of the Income-tax Act, 2025, in force from 1 April 2026, with the familiar 1961 Act number in brackets; the rules are unchanged — see our section map.
Questions we are asked
How is income tax calculated under the new regime for FY 2026-27? The new regime for FY 2026-27 allows a ₹75,000 standard deduction on salary and taxes income at nil up to ₹4 lakh, then 5% to ₹8 lakh, 10% to ₹12 lakh, 15% to ₹16 lakh, 20% to ₹20 lakh, 25% to ₹24 lakh and 30% above, plus 4% cess. Residents with taxable income up to ₹12 lakh get a full rebate on slab-rate income, with marginal relief; special-rate income such as capital gains on listed shares is not covered.
What are the old tax regime slabs and exemption limits for FY 2026-27? The old regime gives a ₹50,000 standard deduction and a ₹2.5 lakh exemption (₹3 lakh at 60 and ₹5 lakh at 80 for residents), then taxes 5% to ₹5 lakh, 20% to ₹10 lakh and 30% above. A rebate of up to ₹12,500 applies for residents where taxable income is up to ₹5 lakh.
Which deductions can be claimed only under the old tax regime? Section 123 (80C) (up to ₹1.5 lakh), section 126 (80D), own NPS under section 124 (80CCD(1B)) (up to ₹50,000), the HRA exemption, LTA and self-occupied home loan interest (capped at ₹2 lakh) are old-regime items. Employer NPS contribution is allowed in both regimes.
Did Budget 2026 change the tax slabs, and who gets the ₹12 lakh rebate? Budget 2026 kept the slabs of both regimes unchanged for FY 2026-27. The rebate is for residents; under the new regime it removes the tax on slab-rate income where taxable income is up to ₹12 lakh, with marginal relief, but not the tax on special-rate income such as capital gains on listed shares.
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