Tax planning
Old vs New Tax Regime Calculator
Compare your exact tax liability under both regimes for FY 2026-27, factoring in home loan interest (Sec 24b), HRA, 80C, and 80D deductions.
Income
HRA (skip if not applicable)
Home loan deductions (Old Regime only)
Health insurance (80D)
Side-by-side comparison — FY 2026-27
| Item | Old Regime | New Regime |
|---|---|---|
| Gross income | ₹12,00,000 | ₹12,00,000 |
| Standard deduction | −₹50,000 | −₹75,000 |
| HRA exemption | −₹2,40,000 | — |
| Sec 24b (home loan interest) | −₹1,80,000 | — |
| Section 80C | −₹1,50,000 | — |
| Section 80D | −₹35,000 | — |
| Taxable income | ₹5,45,000 | ₹11,25,000 |
| Tax before rebate | ₹21,500 | ₹52,500 |
| Rebate u/s 87A | — | −₹52,500 |
| Health & education cess (4%) | ₹860 | ₹0 |
| Total tax payable | ₹22,360 | ₹0Lower ✓ |
New Regime saves you more — by ₹22,360/year
Your deductions are not large enough to offset the New Regime's lower slab structure. Consider maximising 80C and 24b first.
Tool FAQs
Short answers to the most common questions about this calculator.
Salaried employees can switch at ITR filing. Those with business income can switch from the new regime to the old only once.
Section 24b (up to ₹2L interest) and Section 80C (principal in ₹1.5L basket) are only available under the Old Regime — these can offset the difference in slab rates.
The 87A rebate was raised to ₹60,000, making income up to ₹12L tax-free. With the ₹75k standard deduction, salaried employees pay zero tax up to ₹12.75L.
No. Surcharge applies to incomes above ₹50L and varies by slab. This tool covers the typical home-loan borrower range without it.
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