Income Tax Savings Calculator FY 2026-27
Enter your income and deductions to see how much tax you save — and whether New Regime or Old Regime is better for you.
YOUR INCOME
DEDUCTIONS (Old Regime)
Quick Answer: Under the New Tax Regime FY 2026-27, income up to ₹12 lakh has zero tax (with the 87A rebate). Standard deduction ₹75,000 applies in both regimes. The Old Regime is better only when total deductions exceed ₹3–4 lakh (80C + 80D + HRA + home loan interest combined).
Tax Saving Tips FY 2026-27
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Max out 80C (₹1.5L) — PPF, ELSS mutual fund, 5-yr FD, LIC, EPF contribution, tuition fees — fill up to ₹1.5L.
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Add NPS 80CCD(1B) (₹50K extra) — Invest in NPS to claim additional ₹50,000 deduction beyond 80C limit.
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Health insurance 80D (₹25K) — Self + family health insurance premium. If parents are senior citizens, limit goes to ₹50K.
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HRA — keep rent receipts — HRA exemption is the lowest of: actual HRA, 50%/40% of basic (metro/non-metro), actual rent minus 10% basic.
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Home loan interest 24(b) — Interest on home loan for self-occupied property — up to ₹2 lakh deduction in Old Regime.
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New Regime if deductions are low — If your total Old Regime deductions are below ₹3L, New Regime gives lower tax due to lower slab rates.
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