Financial Tools
Income Tax Calculator
Compare Old vs New Tax Regimes for FY 2026-27 (AY 2027-28) with 100% accuracy based on the latest Union Budget.
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Income Sources
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Deductions (Old Regime)
Most deductions like 80C and 80D are only available under the Old Tax Regime.
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Max limit: ₹1.5 Lakh
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Important Disclaimer
This calculator is for illustrative purposes only. Actual tax liability may vary based on specific circumstances. Always consult with our partners at M A Singh & Co before making financial decisions.
Our Recommendation
Choose New Regime
You save ₹1,11,800 per year with this regime.
New Tax Regime
Default (Section 115BAC)
Recommended
Taxable Income₹11,25,000
Tax Before Rebate₹52,500
Rebate (u/s 87A) -₹52,500
Total Tax Payable
₹0
Incl. 4% Cess
Old Tax Regime
Optional
Taxable Income₹9,75,000
Tax Before Rebate₹1,07,500
Rebate (u/s 87A) -₹0
Total Tax Payable
₹1,11,800
Incl. 4% Cess
Key Differences (FY 2026-27)
| Feature | New Regime | Old Regime |
|---|---|---|
| Effective Nil Tax | Up to ₹12 Lakh | Up to ₹5 Lakh |
| Standard Deduction | ₹75,000 | ₹50,000 |
| Slabs | 7 Slabs (0% to 30%) | 4 Slabs (0% to 30%) |
| Surcharge Capped | Yes (at 25%) | No (up to 37%) |
| Deductions (80C, 80D) | Not Allowed | Allowed |