ToolPetal
Old vs New Tax Regime Calculator FY 2026-27
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- Nothing uploaded
- Free, no sign-up
Optional HRA (old regime only)
HRA exemption is not available in the new regime. Amounts are annual. Or use the HRA exemption calculator and paste the exemption.
| New regime | Old regime |
|---|
What this result means
Two-column compare (typical tradeoff)
New regime
- Wider nil band / rebate
- Fewer chapter-VIA claims
- No HRA exemption
Old regime
- 80C / HRA / housing interest
- Lower std deduction default
- Wins when deductions are large
Side-by-side: who usually benefits
This page compares old vs new personal income-tax regimes for FY 2026-27 (AY 2027-28) on the same gross income, using the site’s slab helper, 87A rebate bands, surcharge, and 4% cess.
| Situation | Often leans… | Why (rule of thumb) |
|---|---|---|
| Few / no Chapter VI-A claims, little or no HRA | New regime | Lower slabs + Rs 75,000 standard deduction; most 80C/80D/HRA unavailable |
| Large 80C + 80D + home-loan interest / other old-regime deductions | Old regime | Higher rates, but deductions can shrink taxable income enough to win |
| Meaningful HRA exemption (old only) | Re-run both | Use optional HRA fields or the HRA calculator; new regime ignores HRA |
| Taxable income near new-regime 87A band (up to ~Rs 12 lakh taxable) | Check new carefully | Rebate up to Rs 60,000 can zero tax in that band under this helper |
Defaults: income Rs 12,00,000, deductions Rs 1,50,000, std new Rs 75,000 / old Rs 50,000. Treat “usually” as a checklist prompt, not a ruling. Not tax advice. Disclaimer.
Decision checklist before you tick a regime
- Gross income matches payroll / ITR starting point (not in-hand).
- Deductions box holds only what old regime would actually allow (simplified single field).
- HRA filled only if claiming old-regime exemption; metro checkbox matches Delhi/Mumbai/Kolkata/Chennai 50% test.
- If the two totals are close, small input errors can flip the winner, confirm with a CA or the official utility.
Related: CTC to in-hand (new-regime take-home), TDS.
Disclaimer: slabs change
Union Budget copy and departmental tables can change standard deductions, rebate bands, and slabs. This calculator is labelled FY 2026-27 and mirrors the helper wired into the page today: it is not a live feed from incometax.gov.in. Re-verify rates before you file. Capital gains special rates, set-off, and Form 16 quirks are out of scope.
FAQ
Which financial year do these tax slabs apply to?
This old vs new tax regime calculator is labelled for FY 2026-27 (1 April 2026 to 31 March 2027, AY 2027-28). Union Budget 2026 did not change slab rates. The tables match the new vs old regime published on incometax.gov.in (new regime nil up to ₹4 lakh; old regime nil up to ₹2.5 lakh for individuals under 60).
What is the difference between the old and new tax regime?
The new regime (default) uses lower slab rates and a ₹75,000 standard deduction for salaried people, but most Chapter VI-A deductions (80C, 80D) and HRA exemption are not available. The old regime uses higher rates, a ₹50,000 standard deduction, and allows 80C-style deductions and HRA. This page compares both on the same income. It is not tax advice.
Does the calculator include rebate, surcharge, and cess?
Yes. It applies section 87A rebate (₹60,000 if new-regime taxable income is up to ₹12 lakh; ₹12,500 if old-regime taxable income is up to ₹5 lakh), surcharge bands, 4% health and education cess, and simple surcharge / 87A marginal relief. Surcharge at very high incomes can still need a full return working.
Is my income uploaded?
No. Inputs and the comparison run in your browser. Nothing is sent to ToolPetal.