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Income Tax Calculator (Old vs New Regime)

↻ Updated FY 2026-27

Calculate your income tax under both the old and new regimes for FY 2026-27, apply your 80C, 80D, HRA and home-loan deductions, and instantly see which regime saves you more. Everything runs in your browser.

Educational calculators — always consult a licensed professional before making financial decisions.

Your inputs
Annual gross salary
Tax regime
80C investments
EPF, PPF, ELSS, LIC — capped at ₹1.5L (old regime only)
80D health insurance
Old regime only
HRA exemption
Old regime only
Home-loan interest (24b)
Old regime only
Other deductions
80CCD(1B), 80E, 80G etc. — old regime only
Total tax (new regime)
₹97,500
6.5% effective rate
Take-home (post-tax)
₹14,02,500
₹1,16,875/mo
Cheaper regime
New
saves ₹1,05,300/yr
Old vs new regime
New regime tax₹97,500
Old regime tax₹2,02,800
The new regime is cheaper for these numbers — you save ₹1,05,300 per year.
Tax breakdown (new regime)
Gross salary₹15,00,000
Deductions− ₹75,000
Taxable income₹14,25,000
Base tax (slabs)₹93,750
Section 87A rebate− ₹0
Surcharge+ ₹0
Health & education cess (4%)+ ₹3,750
Total tax payable₹97,500
ASSUMPTIONS — FY 2026-27 (AY 2027-28) slabs. The new regime allows only the ₹75,000 standard deduction — your 80C, 80D, HRA and other deductions apply only in the old regime (which also gives a ₹50,000 standard deduction). Includes the Section 87A rebate, surcharge and 4% cess. These are estimates — consult a CA for your exact liability.

Runs entirely in your browser — nothing you enter is sent to us.How this works

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Read next
Old vs new tax regime — which should you pick?

The new regime is now the default and wins for most people — but the old regime still pays off if you claim big deductions.

Related calculators
Take-Home Salary Calculator80C CalculatorHRA Calculator
Sources & rate references

Rates, brackets and limits here are checked against primary sources. If a number still looks off, email support@realmoneyiq.com and we'll review and fix it.

RealMoneyIQ provides free educational calculators, not financial, tax, investment or legal advice. Results are estimates based on the assumptions you enter and publicly published rates; your actual outcome will differ. Always confirm decisions with a licensed professional who knows your full situation.