Old vs New Tax Regime Comparator
FY 2026-27 (AY 2027-28) · Budget 2026 Updated · Find Your Best Regime
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Budget 2026: slabs unchanged
New Regime: No tax up to ₹12 Lakhs taxable income (₹12.75 Lakh salary with the ₹75,000 standard deduction). Rebate u/s 156 (old 87A) = ₹60,000, with marginal relief just above ₹12 Lakhs.
Your Income & Deductions
Annual Gross Salary (₹)
Basic + DA / year (₹, for HRA)
HRA Received / year (₹)
Annual Rent Paid (₹)
City
50% HRA city Mumbai, Delhi, Kolkata, Chennai, Bengaluru, Hyderabad, Pune, Ahmedabad
Other city 40% of basic
Section 80C / s.123 (₹, max 1,50,000)
Health Insurance 80D / s.126 – self & family (₹, max 25,000; 50,000 if 60+)
Health Insurance 80D – parents (₹, max 25,000; 50,000 if parents 60+)
NPS Additional 80CCD(1B) (₹, max 50,000)
Home Loan Interest 24(b), self-occupied (₹, max 2,00,000)
Age Group
You Save
₹0
with New Regime
Old Regime Tax
₹0
Incl. 4% cess
New Regime Tax
₹0
Incl. 4% cess
Side-by-Side Breakdown
OLDNEW
Gross Salary₹0₹0
Standard Deduction₹50,000₹75,000
HRA Exemption₹0N/A
Other Deductions (80C+80D+NPS+24b)₹0N/A
Taxable Income₹0₹0
Tax on Slabs₹0₹0
Rebate u/s 156 (old 87A)₹0₹0
Surcharge₹0₹0
Tax (before cess)₹0₹0
Total Tax (incl. 4% cess)₹0₹0
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Frequently Asked Questions
It depends on your deductions. If your total deductions (80C + HRA + 80D + home loan + NPS etc.) exceed approximately ₹3.75 lakh (for ₹15L salary), the Old Regime may save more tax. Use this comparator to find your exact breakeven. If you have fewer deductions, the New Regime is generally better.
New Regime slabs: Up to ₹4L — Nil; ₹4–8L — 5%; ₹8–12L — 10%; ₹12–16L — 15%; ₹16–20L — 20%; ₹20–24L — 25%; Above ₹24L — 30% (Section 202 of the Income-tax Act 2025, formerly 115BAC; unchanged by Budget 2026). With the rebate under Section 156 (formerly 87A, up to ₹60,000), no tax is payable if taxable income ≤ ₹12L; just above ₹12L, marginal relief caps the tax at the income above ₹12L.
Salaried employees (without business income) can choose their regime every financial year when filing their ITR. People with business or professional income can opt out of the New Regime once and can come back to it only once after that. The New Regime is the default — you must specifically opt for the Old Regime each year.
The New Regime does not allow: HRA exemption, LTA, 80C (PF/PPF/ELSS/insurance), 80D (health insurance), 80TTA (savings interest), home loan interest under 24(b) for self-occupied, and most Chapter VI-A deductions. Only standard deduction (₹75,000) and employer NPS contribution (80CCD(2), now Section 124, up to 14% of basic + DA) are allowed.
Surcharge applies on income above ₹50L: 10% surcharge (₹50L–1Cr), 15% (₹1Cr–2Cr), 25% (₹2Cr–5Cr), 37% (above ₹5Cr) under Old Regime. Under New Regime, the maximum surcharge is capped at 25%. Marginal relief applies at each threshold, so the extra tax never exceeds the income above it. Plus 4% Health & Education Cess applies on tax + surcharge.