Tax Regime Comparison Tax Year 2026–27
Compare Old vs New income tax regime for Tax Year 2026–27 (FY 2026–27 earnings; ITR in 2027) with one simple salary-first layout: HRA, 80C, NPS, 80D, child educ...
Tax Year 2026–27 means salary earned in FY 2026–27 and ITR filed in 2027 for that year—figures illustrative; confirm with your CA and official notifications.
Your details
New Regime saves you ₹5,18,918
Old regime
- Taxable income
- ₹6,712,000.00
- Base tax
- ₹1,826,100.00
- Rebate 87A
- −₹0.00
- Surcharge
- ₹182,610.00
- Tax before cess
- ₹2,008,710.00
- Cess (4%)
- ₹80,348.40
- Total tax
- ₹2,089,058.40
New regime
- Taxable income
- ₹6,375,000.00
- Base tax
- ₹1,372,500.00
- Rebate 87A
- −₹0.00
- Surcharge
- ₹137,250.00
- Tax before cess
- ₹1,509,750.00
- Cess (4%)
- ₹60,390.00
- Total tax
- ₹1,570,140.00
Compliance & investment notes (quick reference)
- ITR-3 / ITR-4: due dates depend on audit vs non-audit status (commonly discussed as 31 July vs 31 October); verify each year on incometax.gov.in.
- Revised return: many summaries cite a 12-month revised filing window from the end of the relevant assessment year—confirm the current rule in the Act/notifications.
- Buybacks: often taxed as capital gains in the hands of shareholders under the notified regime—get company-specific advice.
- SGB maturity: exemption on redemption may apply only to original subscribers; acquired bonds in the secondary market can differ.
- STT (illustrative): discussions often cite roughly 0.05% on futures and 0.15% on options—match your contract and exchange circulars.
For the full India income-tax tool with TDS and more sources, see our India Income Tax Calculator.
Compare Old vs New Indian income tax for Tax Year 2026–27 in one focused layout: we use “Tax Year 2026–27” to mean salary earned in FY 2026–27 and ITR filed in 2027 for that year. Enter salary, HRA, rent, 80C, NPS 80CCD(1B), 80D, children’s education and hostel allowances, home loan interest, and employer NPS under the new regime. You get taxable income, tax before cess, cess, surcharge, a winner badge, bar chart, PDF, and share buttons.
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About Tax Regime Comparison Tax Year 2026–27
Compare Old vs New Indian income tax for Tax Year 2026–27 in one focused layout: we use “Tax Year 2026–27” to mean salary earned in FY 2026–27 and ITR filed in 2027 for that year.
Enter salary, HRA, rent, 80C, NPS 80CCD(1B), 80D, children’s education and hostel allowances, home loan interest, and employer NPS under the new regime.
You get taxable income, tax before cess, cess, surcharge, a winner badge, bar chart, PDF, and share buttons.
Educational only—not tax advice; verify with a CA and incometax.gov.in.
✅ Common Use Cases
- Decide old vs new regime before filing ITR
- Model HRA and rent for metro vs non-metro
- See impact of 80C, NPS, and home loan interest under old regime
- Illustrate new regime with standard deduction and 80CCD(2)
- Share comparison or download PDF for discussion with family or CA
💡 Key Benefits
- Two-column mobile-first layout: inputs left, results right
- Default scenario runs on load—no empty state
- Tooltip-style help on each field (title attributes)
- WhatsApp, X, and LinkedIn share plus branded PDF
- FAQ copy aligned with Budget-style rules discussed on-page
🔬 How Tax Regime Comparison Tax Year 2026–27 Works
📐 Formula
Old vs New (Tax Year 2026–27 illustration): HRA exempt = minimum of actual annual HRA, 50% or 40% of basic, and rent minus 10% of gross salary. New regime uses multiple slabs from nil on first ₹4 lakh up to 30% above ₹24 lakh in this tool’s encoded table, with rebate up to ₹60,000 if taxable income is within ₹12 lakh.
Variables:
- Old std deduction: ₹50,000 (salaried, this tool)
- New std deduction: ₹75,000
- 87A (new): Up to ₹60,000 if taxable ≤ ₹12 lakh
📋 Step-by-Step Calculation Process
Load defaults or edit
Uncheck “Use default value” to enter your salary, custom HRA, rent, 80C, NPS, 80D, children, hostel, home loan, and employer NPS %.
HRA
With defaults on, HRA received is 50% or 40% of monthly basic (you pick; 50% is default). Toggle metro for the HRA exemption cap (50% vs 40% of basic); default rent is ₹49,500/mo—adjust to your lease.
Read comparison
Taxable income, tax before cess, cess, total tax, winner badge, and chart update instantly—then share or download PDF.
⌨️ Understanding Input Fields
Annual gross from pays / offer letter
HRA default from 50% or 40% of monthly basic; rent monthly (default ₹49,500)
80CCD(2) for new regime, capped at 14%
📊 Understanding Your Results
Results are illustrative. Surcharge follows encoded tiers (e.g. 10% between ₹50 lakh and ₹1 crore of income). Cross-check every figure against Form 16 and official law.
Key Metrics Explained:
- Winner badge: Shows which regime has lower total tax including cess.
- Tax before cess: Base tax minus 87A rebate plus surcharge.
What to Do Next:
- Use the full India Income Tax Calculator (/finance/india-income-tax-calculator/) if you have business income, capital gains, or TDS reconciliation.
- Validate HRA with the dedicated HRA Calculator (/finance/hra-calculator/) using your exact basic, HRA, and rent.
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