What is the Income Tax Calculator?
Since the New Tax Regime became the default in India, choosing between it and the Old Regime can genuinely change how much tax you pay — especially if you claim deductions like 80C, HRA or home loan interest. This calculator computes your tax liability under both regimes side by side for FY 2026-27 (AY 2027-28), so you can see which one actually saves you more before you decide.
How to Use This Tool
- Enter your annual gross income.
- Enter your total deductions (80C, HRA, home loan interest, etc.) — this only affects the Old Regime calculation, since the New Regime doesn't allow most exemptions.
- Compare the tax under both regimes and see which one saves you more.
Frequently Asked Questions
Which regime should I choose?
The New Regime generally suits those with fewer deductions/exemptions (lower rates, higher exemption). The Old Regime can be better if you claim significant deductions (80C, HRA, home loan interest, etc). Compare both totals shown here.
Does this include the Section 87A rebate?
Yes — a simplified full-rebate check is applied (₹12L taxable income threshold for New Regime, ₹5L for Old Regime). It does not calculate the marginal relief zone just above these thresholds — consult a tax professional near that boundary.
Is my income data sent to a server?
No. The calculation happens entirely in your browser.
Last updated: August 2026