Old vs New Tax Regime Calculator India — FY 2026-27 Comparison
Real-World Examples — 2026
₹12 lakh salary with full 80C and HRA
For ₹12 lakh salary with ₹1.5 lakh 80C and ₹1.2 lakh HRA exemption, old regime tax ≈ ₹78,000; new regime tax ≈ ₹nil (rebate u/s 87A). At ₹12 lakh income, new regime wins due to full rebate up to ₹12 lakh.
₹20 lakh salary — comparing regimes
For ₹20 lakh salary with ₹1.5 lakh 80C + ₹1.5 lakh HRA + ₹50,000 NPS, old regime tax ≈ ₹2.73 lakh; new regime tax ≈ ₹2.63 lakh. New regime is marginally better here, but close — check with exact deductions using our calculator.
Frequently Asked Questions
Which tax regime is better for salaried employees in 2026-27?
The new regime is default from FY 2024-25 and benefits those with low deductions. The old regime benefits those with large 80C investments (PPF, ELSS, LIC), HRA claims, home loan interest, and NPS contributions. The crossover point is typically around ₹3–4 lakh in total deductions for incomes between ₹10–15 lakh.
Can I switch between old and new regime every year?
Salaried individuals can switch between old and new regime each financial year. Business owners/self-employed can switch to old regime only once and cannot switch back. Make the choice before the financial year start by informing your employer for TDS purposes.
What deductions are not available under the new tax regime?
The new regime disallows: HRA exemption, LTA, Section 80C (PPF, ELSS, LIC), 80D (health insurance), home loan interest deduction, NPS 80CCD(1B), and most other Chapter VI-A deductions. Only ₹75,000 standard deduction and employer NPS contribution are allowed.
Is the New vs Old Regime Calculator free?
Yes, the New vs Old Regime Calculator on CalcPhi is completely free with no registration required.
Are my inputs stored?
No. All calculations run in your browser. We do not store any financial data.
Can I use the New vs Old Regime Calculator on mobile?
Yes. CalcPhi is fully mobile-optimised and works on all modern smartphones.