{
    "name": "Old vs New Tax Regime Calculator",
    "url": "https://calculators.geekmidst.com/calculators/india-old-vs-new-tax-regime-calculator",
    "markdown": "https://calculators.geekmidst.com/calculators/india-old-vs-new-tax-regime-calculator.md",
    "category": "India tax & investing",
    "description": "Compare income tax under the old and new regimes for FY 2025-26 with standard deduction, 80C, 80D, HRA, home-loan interest, 87A rebate, surcharge and cess.",
    "summary": "The new regime has lower slab rates and a ₹75,000 standard deduction but allows few deductions; the old regime allows HRA, 80C, 80D and home-loan interest. Enter both sets of figures to see which costs less.",
    "also_called": [
        "Income tax regime comparison",
        "New vs old regime calculator"
    ],
    "applies_to": "India",
    "last_updated": "2026-10-29",
    "computation": "Results are computed in the visitor’s browser on the HTML page. This API describes the calculator; it does not compute results.",
    "inputs": [
        {
            "name": "age",
            "label": "Your age during the year",
            "type": "select",
            "default": "below60",
            "options": {
                "below60": "Below 60",
                "60to80": "60 to 79 (senior citizen)",
                "80plus": "80 or over (super senior)"
            }
        },
        {
            "name": "salary",
            "label": "Gross salary (year)",
            "type": "number",
            "default": "1500000"
        },
        {
            "name": "other_income",
            "label": "Other income (interest, rent after deductions)",
            "type": "number",
            "default": "0",
            "optional": true
        },
        {
            "name": "hra_exempt",
            "label": "HRA exemption (old regime)",
            "type": "number",
            "default": "120000",
            "optional": true
        },
        {
            "name": "ded_80c",
            "label": "80C investments (old regime, max ₹1.5 lakh)",
            "type": "number",
            "default": "150000",
            "optional": true
        },
        {
            "name": "ded_80d",
            "label": "80D health insurance deduction (old regime)",
            "type": "number",
            "default": "25000",
            "optional": true
        },
        {
            "name": "home_loan",
            "label": "Home-loan interest, self-occupied (old regime, max ₹2 lakh)",
            "type": "number",
            "default": "0",
            "optional": true
        },
        {
            "name": "other_ded",
            "label": "Other old-regime deductions",
            "type": "number",
            "default": "0",
            "optional": true
        },
        {
            "name": "employer_nps",
            "label": "Employer NPS contribution, 80CCD(2) (both regimes)",
            "type": "number",
            "default": "0",
            "optional": true
        },
        {
            "name": "currency",
            "label": "Currency",
            "type": "hidden",
            "default": "INR"
        }
    ],
    "outputs": [
        {
            "key": "better",
            "label": "Lower tax",
            "format": "text"
        },
        {
            "key": "tax_new",
            "label": "Tax under the new regime",
            "format": "currency"
        },
        {
            "key": "tax_old",
            "label": "Tax under the old regime",
            "format": "currency"
        },
        {
            "key": "saving",
            "label": "Difference",
            "format": "currency"
        },
        {
            "key": "taxable_new",
            "label": "Taxable income (new)",
            "format": "currency"
        },
        {
            "key": "taxable_old",
            "label": "Taxable income (old)",
            "format": "currency"
        }
    ],
    "formula": {
        "text": "Taxable (new) = Salary − ₹75,000 + Other − 80CCD(2); Taxable (old) = Salary − ₹50,000 − HRA + Other − 80C (≤ ₹1.5 L) − 80D − home-loan interest (≤ ₹2 L) − other − 80CCD(2). Tax = slab tax − rebate u/s 87A (with marginal relief) + surcharge (with marginal relief) + 4% health and education cess",
        "variables": {
            "Slab tax": "tax from the regime’s rate table for your age",
            "87A rebate": "new: up to ₹60,000 if income ≤ ₹12 lakh; old: up to ₹12,500 if income ≤ ₹5 lakh",
            "Cess": "4% of tax plus surcharge"
        }
    },
    "worked_example": {
        "inputs": {
            "age": "below60",
            "salary": "1500000",
            "other_income": "0",
            "hra_exempt": "120000",
            "ded_80c": "150000",
            "ded_80d": "25000",
            "home_loan": "0",
            "other_ded": "0",
            "employer_nps": "0",
            "currency": "INR"
        },
        "steps": [
            "New: 15,00,000 − 75,000 = ₹14,25,000; tax = 60,000 + 15% × 2,25,000 = 93,750; + 4% cess = ₹97,500.",
            "Old: 15,00,000 − 50,000 − 1,20,000 − 1,50,000 − 25,000 = ₹11,55,000.",
            "Old tax = 1,12,500 + 30% × 1,55,000 = 1,59,000; + 4% cess = ₹1,65,360."
        ],
        "result": "On a ₹15 lakh salary with ₹2.95 lakh of old-regime deductions, the new regime saves ₹67,860."
    },
    "interpretation": "The old regime wins only when your deductions and exemptions are large. Increase the deduction inputs to find your break-even point; most salaried people with modest deductions now pay less under the new regime.",
    "assumptions": [
        "Rates are for FY 2025-26 (AY 2026-27), the year covered by the Finance Act 2025, as published by the Income Tax Department. They are not yet updated for tax year 2026-27 under the Income-tax Act, 2025.",
        "You are a resident individual and all income is taxed at normal slab rates (no special-rate capital gains, lottery or similar income).",
        "New regime: nil up to ₹4 lakh, then 5%, 10%, 15%, 20%, 25% in ₹4 lakh steps and 30% above ₹24 lakh; rebate up to ₹60,000 when income is at most ₹12 lakh, with marginal relief just above it.",
        "Old regime: nil up to ₹2.5 lakh (₹3 lakh at 60–79, ₹5 lakh at 80+), 5% to ₹5 lakh, 20% to ₹10 lakh, 30% above; rebate up to ₹12,500 when income is at most ₹5 lakh.",
        "Surcharge of 10% above ₹50 lakh, 15% above ₹1 crore, 25% above ₹2 crore, and above ₹5 crore 25% (new) or 37% (old), with marginal relief; 4% cess on tax plus surcharge."
    ],
    "limitations": [
        "Capital gains and other special-rate income, agricultural income and losses are not handled.",
        "Deduction limits other than 80C and self-occupied home-loan interest are not checked; enter allowable amounts.",
        "Final tax is not rounded to the nearest ₹10 as on a return."
    ],
    "rules": {
        "jurisdiction": "India",
        "effective_from": "2025-04-01",
        "authority": "Income Tax Department (CBDT), Finance Act 2025, for FY 2025-26 / AY 2026-27",
        "checked": "2026-10-29",
        "review_after": "2027-03-31"
    },
    "faqs": [
        {
            "question": "Is income up to ₹12 lakh tax-free in the new regime?",
            "answer": "For FY 2025-26 a resident individual with total income up to ₹12 lakh pays no tax under the new regime because of the ₹60,000 rebate. For salaried people that means salary up to ₹12.75 lakh after the ₹75,000 standard deduction."
        },
        {
            "question": "Which deductions are allowed in the new regime?",
            "answer": "Very few: the standard deduction and employer NPS contribution under 80CCD(2) are the main ones for employees. HRA, 80C, 80D and self-occupied home-loan interest are not allowed."
        }
    ],
    "sources": [
        {
            "title": "Income Tax Department — tax rates for AY 2026-27 (senior citizens and super senior citizens)",
            "url": "https://www.incometax.gov.in/iec/foportal/help/individual/return-applicable-2"
        },
        {
            "title": "Income Tax Department — individuals with business or professional income, AY 2026-27",
            "url": "https://www.incometax.gov.in/iec/foportal/help/individual-business-profession"
        },
        {
            "title": "CBDT — e-filing ITR-4 validation rules, AY 2026-27",
            "url": "https://www.incometax.gov.in/iec/foportal/sites/default/files/2026-05/CBDT_e-Filing_ITR%204_Validation%20Rules_AY%202026-27.pdf"
        },
        {
            "title": "Income Tax Department — FAQs on new vs old tax regime",
            "url": "https://www.incometax.gov.in/iec/foportal/help/new-tax-vs-old-tax-regime-faqs"
        }
    ],
    "related": [
        {
            "name": "HRA Exemption Calculator",
            "url": "https://calculators.geekmidst.com/calculators/hra-exemption-india-calculator"
        },
        {
            "name": "In-Hand Salary Calculator",
            "url": "https://calculators.geekmidst.com/calculators/india-salary-in-hand-calculator"
        },
        {
            "name": "Home Loan Tax Benefit Calculator",
            "url": "https://calculators.geekmidst.com/calculators/india-home-loan-tax-benefit-calculator"
        },
        {
            "name": "Percentage Calculator",
            "url": "https://calculators.geekmidst.com/calculators/percentage-calculator"
        }
    ],
    "disclaimer": "Tax rules change and depend on how a supply is classified. Use this as a guide and confirm with the official notifications or a tax professional.",
    "publisher": "GM¹X CalcVerse"
}