Income tax: old regime vs new regime
For a resident individual, tax year 2026-27 (financial year 2026-27). Slabs, rebate, surcharge and 4% cess as currently in force.
Assumptions: salary or business income only; no capital gains at special rates. 80C (section 123 of the Income-tax Act, 2025) is capped at ₹1,50,000 and home loan interest at ₹2,00,000 for the old regime. The new regime allows no deductions other than the standard deduction. Standard deduction: ₹75,000 (new), ₹50,000 (old).
Basis: Income-tax rates and limits for tax year 2026-27 (Income-tax Act, 2025, as amended by the Finance Act, 2026), for resident individuals. Rates and formulas last checked on 7 November 2026.
An estimate for general information, printed from https://ameeshguptaco.com/tools/it/. It is not professional advice on your facts; please consult us before acting on it.