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Income Tax Calculator AY 2026-27 (New vs Old Regime)

Compare New vs Old Tax Regime, ₹75k Standard Deduction & Section 87A Rebate

All Calculators (11) How It Works Formula FAQs

Income Tax Calculator (AY 2026-27)

Side-by-side comparison of New Tax Regime (Section 115BAC) vs Old Tax Regime with ₹75,000 standard deduction and Section 87A rebate.

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New Tax Regime is Better

You save ₹0 in the New Tax Regime.

NEW REGIME (115BAC)
₹ 0
OLD REGIME
₹ 0
Standard Deduction (New / Old) ₹ 75,000 / ₹ 50,000
New Regime Taxable Income ₹ 0
Old Regime Taxable Income ₹ 0
Health & Education Cess (4%) ₹ 0
Consult Tax Specialist on WhatsApp
In-Depth Overview

About the Income Tax Calculator AY 2026-27 (New vs Old Regime)

Calculate and compare your exact income tax liability under the New Tax Regime (Section 115BAC) versus the Old Tax Regime for Assessment Year 2026-27 (Financial Year 2025-26). Understand breakeven points, standard deductions, 80C/80D optimizations, and maximize your take-home pay.

Key Capabilities & Features

  • Updated with Union Budget AY 2026-27 revised slabs and ₹75,000 standard deduction
  • Automatic Section 87A rebate calculation for ₹0 tax up to ₹7.75 Lakhs gross salary
  • Side-by-side Old vs New regime breakeven analysis for salaried and business individuals
  • Includes 4% Health & Education Cess and all Chapter VI-A statutory deduction schedules
  • Direct 1-click WhatsApp consultation with verified Tax Specialists for ITR filing
Step-by-Step Guide

How Does the Income Tax Calculator Work?

Follow these simple steps to obtain instant, legally validated mathematical and tax calculations.

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1. Enter Annual Gross Income

Input your annual gross salary, professional earnings, and other income sources such as savings interest, rental income, or fixed deposits.

2

2. Declare Eligible Deductions

Specify your eligible tax-saving investments under Section 80C (EPF, PPF, ELSS, LIC), Section 80D Mediclaim, Section 24(b) home loan interest, and Section 80CCD(1B) NPS.

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3. Instant Dual-Regime Comparison

The engine automatically computes your net taxable income and final tax liability (including 4% cess) under both New and Old regimes side-by-side.

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4. Identify the Winner & Maximize Savings

Discover the exact rupee amount you save in the optimal tax regime, with clear guidance on whether switching regimes during ITR filing benefits you.

Mathematics & Law

Formula & Calculation Logic

Mathematical Formula
Tax Payable = (Tax on Total Income after Slab Brackets - Section 87A Rebate) + 4% Health & Education Cess

Under the New Tax Regime (Section 115BAC), income is taxed at progressive 5% to 30% slabs starting above ₹3,00,000. Salaried individuals receive a flat ₹75,000 Standard Deduction. Under Section 87A, resident individuals with taxable income up to ₹7,00,000 receive a full tax rebate up to ₹25,000, making annual earnings up to ₹7,75,000 completely tax-free. Under the Old Regime, deductions under 80C (₹1.5L), 80D (₹25k-₹1L), 24(b) Home Loan (₹2L), and ₹50,000 Standard Deduction are subtracted from gross income before applying traditional 5%, 20%, and 30% slab rates.

Expert Advisory Recommendation:

Online estimations provide mathematical clarity, but real-world filing involves matching multiple source ledgers (AIS/TIS, Form 26AS, GSTR-2B, broker P&L). Consult with an EasyFile Tax Specialist before submitting statutory tax returns to avoid mismatch intimations.

Got Questions?

Frequently Asked Questions

Expert answers on statutory compliance, exemptions, and calculation rules.

For salaried individuals, a standard deduction of ₹75,000 reduces gross income of ₹7,75,000 to ₹7,00,000 net taxable income. Under Section 87A, taxable income up to ₹7,00,000 qualifies for a 100% tax rebate (up to ₹25,000), reducing total tax liability to ₹0.

Salaried individuals without business income can freely choose and switch between the New and Old regimes every financial year while filing their ITR under Section 139(1). Individuals with business or professional income (PGBP) can switch only once in a lifetime.

If your total eligible deductions under 80C, 80D, HRA, and Home Loan interest exceed ₹3,75,000, the Old Tax Regime is generally more beneficial. If total deductions are less than ₹3,75,000, the New Tax Regime offers lower tax liability.

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Direct Tax Specialist Advisory

Need Professional Assistance with Income Tax Calculator?

Connect directly with our senior tax specialists on WhatsApp for personalized calculation reviews, deductions optimization, and notice-protected ITR filings.

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