INCOME TAX CALCULATOR FOR TAX YEAR 2026-27

Tax Computation — Old vs New Regime — Tax Year 2026-27

Name of assessee

Salary and pension

Sec 15 to 19 · Schedule III

Salary received

Gross salary or pensionBefore any exemption or deduction

Tax on employment paidSec 19(1) Table 1 — old regime only

Family pension receivedOne-third deducted, max ₹25,000 new / ₹15,000 old

Standard deduction u/s 19 is applied automatically — ₹75,000 in the new regime and ₹50,000 in the old, restricted to salary income.

HRA exemption — least of three

Basic + DA forming part of pay

HRA received

Rent paid

City

Exemption available

Exempt allowances

Choose an allowance

Amount received

Both regimes ₹0 Old regime only ₹0

Allowances at Sl. No. 12 of Schedule III read with Rule 280(1)(a) to (d), together with the retirement benefits in the Sec 19(1) Table, survive the default regime. Everything marked Old only sits in the negative list under Sec 202 and is taxable if the option under Sec 202(4) is not exercised. Statutory ceilings are applied on entry.

Select the heads of income above and enter the figures.

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Old regimeoption u/s 202(4)

₹0

New regimedefault u/s 202(1)

₹0

INCOME TAX CALCULATOR FOR TAX YEAR 2026-27

Tax Computation — Old vs New Regime

Computation sheet header

Salary and pension

Income from house property

Profits and gains of business or profession

Capital gains

Income from other sources

Deductions

Old regime First Schedule, Part I-B

New regime Sec 202(1)

Reading of the computation