Income Tax Calculator 2026-27 India — Old vs New Regime
Compare Old and New tax regime for FY 2026-27. Calculate HRA exemption, apply 80C/80D/NPS deductions, and find which regime saves you more. 100% free, instant, no data stored.
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Old vs New Tax Regime Slabs 2026-27
| Income Slab | Old Regime Rate | New Regime Rate |
|---|---|---|
| Up to ₹2.5 Lakh | Nil | — |
| Up to ₹4 Lakh | — | Nil |
| ₹2.5L – ₹5L | 5% | — |
| ₹4L – ₹8L | — | 5% |
| ₹5L – ₹10L | 20% | — |
| ₹8L – ₹12L | — | 10% |
| ₹10L+ | 30% | — |
| ₹12L – ₹16L | — | 15% |
| ₹16L – ₹20L | — | 20% |
| ₹20L – ₹24L | — | 25% |
| ₹24L+ | — | 30% |
| Standard Deduction | ₹50,000 | ₹75,000 |
| 87A Rebate threshold | ₹5L | ₹12L |
| HRA Exemption | ✓ Yes | ✗ No |
| 80C / 80D / NPS | ✓ Yes | ✗ No |
Frequently Asked Questions
Is HRA allowed in the New Regime?
No. HRA (House Rent Allowance) exemption under Section 10(13A) is not available under the New Tax Regime. If you pay significant rent and receive HRA, the Old Regime may be more beneficial because it allows you to claim the HRA exemption, reducing your taxable income.
Who should choose the New Regime?
The New Regime is generally beneficial for taxpayers who have fewer deductions — for example, salaried individuals who don't pay rent, don't have large 80C investments, or are just starting their careers. With the ₹75,000 standard deduction and the enhanced 87A rebate making income up to ₹12 lakh tax-free, many salaried individuals save more under the New Regime.
What is the new ₹75,000 Standard Deduction?
For FY 2026-27, salaried employees and pensioners can claim a flat ₹75,000 Standard Deduction under the New Regime (up from ₹50,000 in the Old Regime). This deduction is applied automatically — you don't need to provide any proof. It directly reduces your taxable income, meaning a salaried employee earning ₹12,75,000 gross has taxable income of exactly ₹12,00,000 and pays ₹0 in tax.
What is marginal relief at ₹12.75 lakh?
Marginal relief ensures that a taxpayer earning just above ₹12 lakh doesn't pay more in tax than the extra income earned above ₹12 lakh. For example, if your gross income is ₹12,75,000 and you are salaried, after the ₹75,000 Standard Deduction, your taxable income is exactly ₹12,00,000 — which qualifies for the full 87A rebate, making your net tax ₹0. For non-salaried individuals earning just above ₹12 lakh, the total tax (including 4% cess) cannot exceed the extra income above ₹12 lakh.