Income Tax Calculator
Compare Old vs New Tax Regime for AY 2026-27. Find out which regime saves you more tax.
Income Details
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₹
Only applicable for Old Tax Regime
New Tax Regime Benefits:
- Lower tax rates
- Higher basic exemption (₹3 lakh)
- No deductions required
Old Tax Regime
Taxable Income₹8,50,000
Tax Amount₹0
New Tax Regime
Taxable Income₹10,00,000
Tax Amount₹0
Recommended
New Tax Regime
Save ₹0
Both regimes result in the same tax
Tax Regime Comparison
Understanding Old vs New Tax Regime in India
Old Tax Regime
- •Allows deductions under 80C, 80D, HRA, etc.
- •Basic exemption: ₹2.5L (below 60), ₹3L (60-80), ₹5L (above 80)
- •Higher tax rates but lower taxable income
- •Best for those with significant deductions
New Tax Regime
- •No deductions allowed (few exceptions)
- •Basic exemption: ₹3 lakh for all age groups
- •Lower tax rates across all slabs
- •Simpler calculation, best for salaried individuals