Income Tax Calculator — Old vs New Regime

Compare your liability under the Old and New regime, including capital gains, deductions, surcharge and cess. Figures update as you type.

Your Details

Age Group (affects Old regime exemption)

Assessment Year / Tax Year

Income

Income from Salary (gross)

Income from House Property (net; up to −2,00,000)

Income from Business / Profession

Income from Other Sources (interest, etc.)

LTCG — Equity u/s 112A (12.5% over ₹1.25L)

STCG — Equity u/s 111A (taxed at 20%)

Deductions

80C (LIC, PF, ELSS — max 1.5L)

80D (health insurance)

80CCD(1B) (NPS self — max 50k)

80TTA / 80TTB (savings interest)

Other (80G, 80E, etc.)

80CCD(2) (employer NPS — allowed in both regimes)

Most Chapter VI-A deductions (80C, 80D, 80CCD(1B), 80TTA, etc.) apply only under the Old regime. The New regime allows the ₹75,000 standard deduction and employer NPS 80CCD(2).

Assumptions & disclaimer: Estimate only, for a resident individual. Tax Year 2026-27 currently applies the same slabs, rebate and standard deduction as FY 2025-26; this page will be updated if changes are notified. Capital gains assume listed equity transferred on/after 23 Jul 2024 (LTCG u/s 112A at 12.5% above ₹1.25L; STCG u/s 111A at 20%). Standard deduction is applied automatically against salary (₹50,000 Old / ₹75,000 New). Surcharge is applied at standard rates; marginal relief on surcharge above ₹50 lakh is not computed. This tool does not replace professional advice — contact M J Thacker & Co for an exact computation.

Income Tax Calculator — Old vs New Regime

Your Details

Income

Deductions

Old Regime

New Regime