Income Tax Calculator (Old vs New)
Compare Old vs New tax regime for FY 2026-27. Calculate your tax liability and make an informed decision.
Calculate Income Tax
Need a full breakdown of slabs, rebates, and when to choose each option? Read Old vs New Tax Regime: Difference, Slabs & Which to Choose.
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View PlansFrequently Asked Questions
Which regime is better?
It depends on your deductions. New regime has lower rates but most deductions are not allowed, while old regime can be better if you claim significant deductions.
Can I switch regimes?
Yes, salaried individuals can switch between old and new regime each financial year while filing their return.
What is the standard deduction in the new regime?
The new regime allows a standard deduction for salaried individuals. It reduces taxable salary without requiring investment proofs.
What is Section 87A rebate?
Section 87A provides a rebate for eligible resident individuals up to the notified income threshold, reducing tax liability significantly for lower taxable income.
Should I choose old or new regime if I have home loan and 80C deductions?
If your total deductions are substantial, the old regime may result in lower tax. Compare both outputs using this calculator before filing.