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Enter your salary and deductions once. See your tax under both regimes, how much deduction room you have left, and the exact point at which the old regime starts to win. Rules for FY 2025-26, unchanged for FY 2026-27.
Financial year
Budget 2026 kept FY 2025-26 slabs, rebate and cess unchanged for FY 2026-27
Your age
Including HRA and allowances, before any exemption
Interest, net rent, freelance income
For your income, the better choice is
The new regime
It saves you ₹70,595 a year (₹5,883 a month).
New regime
Lower tax₹1,50,800
8.4% of income, ₹70,595 less
Old regime
₹2,21,395
12.3% of income
Headroom left in the old regime
Room you haven't used yet. It matters only if the old regime is, or could become, your better option.
₹50,000 unused
₹50,000 unused
₹2,00,000 unused
Filling all remaining headroom would cut old-regime tax to about ₹1,90,195 (home loan excluded), against ₹1,50,800 in the new regime.
Almost all of them apply only in the old regime. Claim what you already do; don't buy products just to claim more.
80C
Old regime₹1.5 lakh
EPF, PPF, ELSS, life insurance premiums, children's tuition fees, home loan principal, 5-year tax-saver FD, NSC, SSY.
80D
Old regime₹25,000 to ₹1 lakh
Health insurance for yourself and family (₹25,000, or ₹50,000 if 60+) plus parents (₹25,000 or ₹50,000). Preventive check-ups up to ₹5,000 within the limit.
80CCD(1B)
Old regime₹50,000
Your own NPS contributions, over and above the 80C limit.
80CCD(2)
Both regimes14% of basic (new), 10% (old)
Your employer's contribution to your NPS. One of the few deductions in the new regime.
HRA
Old regimeLowest of three
Exempt HRA is the least of HRA received, rent minus 10% of basic + DA, and 50% (metro) or 40% of basic + DA.
24(b)
Old regime₹2 lakh
Interest on a home loan for a self-occupied property.
EPF
Old regimeWithin 80C
Your 12% EPF contribution counts toward 80C. Interest on contributions above ₹2.5 lakh a year is taxable.
80E
Old regimeNo limit
Interest on an education loan for up to 8 years.
| Instrument | Lock-in | Returns | Tax on returns |
|---|---|---|---|
| ELSS | 3 years | Market-linked | LTCG 12.5% above ₹1.25L |
| PPF | 15 years | 7.1% (reset quarterly) | Tax-free |
| NPS | Until 60 | Market-linked | 60% lumpsum tax-free; annuity taxed |
| Tax-saver FD | 5 years | About 6.5–7.5% | Interest taxed at slab |
| NSC | 5 years | 7.7% | Interest taxed at slab |
| SSY | 21 years | 8.2% | Tax-free |
| Life insurance | Policy term | Low for endowment plans | Maturity usually exempt within limits |
April
Choose your regime and declare it to your employer. Start tax-saving SIPs now, not in March.
July to December
Review salary structure, NPS through your employer, and health cover renewals.
January to February
Submit investment and rent proofs to your employer before the deadline.
By 31 July
File your return. Match Form 16 with Form 26AS and your AIS, and choose the better regime.