What should I enter as HRA?

Enter the exempt part of your HRA, not the full allowance. It is the lowest of the HRA you receive, 50% or 40% of basic salary depending on your city, and rent paid minus 10% of basic. Our HRA guide walks through the calculation.

Did the new Income-tax Act change these numbers?

No. The Income-tax Act, 2025 took effect on 1 April 2026 with new section numbers, but Budget 2026 kept the slabs, standard deductions and rebate limits for tax year 2026-27.

Why does my salary slip show different TDS?

Your employer estimates TDS from the declarations you made in April and may not include every deduction you claim at filing time. The final tax is settled in your return.

Old vs new tax regime calculator - tax year 2026-27

Enter your salary and the deductions you can genuinely claim. The calculator works out your tax under both regimes for tax year 2026-27 (April 2026 to March 2027), including the standard deduction, rebate, marginal relief and 4% cess, and tells you how far you are from the old regime’s break-even point.

By FinancePaisa Editorial Team · Research & editorialUpdated 28 September 2026

Gross salary (per year)

₹

Old-regime deductions

80C investments (PF, PPF, ELSS…)

₹

Capped at ₹1,50,000.

Health insurance (80D)

₹

Up to ₹25,000 for self/family (₹50,000 if senior), plus parents.

Exempt HRA

₹

The exempt part, not the HRA you receive. Work it out with the HRA exemption calculator.

Home-loan interest (self-occupied)

₹

Capped at ₹2,00,000.

Own NPS contribution (80CCD(1B))

₹

Capped at ₹50,000.

Better for youNew regimeSaves ₹1,05,300 in tax year 2026-27

New regime₹97,500

Old regime₹2,02,800

Tax year 2026-27	New	Old
Gross salary	₹15,00,000	₹15,00,000
Standard deduction	−₹75,000	−₹50,000
Other deductions	₹0	−₹1,75,000
Taxable income	₹14,25,000	₹12,75,000
Tax on slabs	₹93,750	₹1,95,000
Rebate / marginal relief	₹0	₹0
Health & education cess (4%)	₹3,750	₹7,800
Total tax	₹97,500	₹2,02,800

What this means

At this salary the old regime needs about ₹5,45,000 of deductions to break even. You have entered ₹1,75,000.

What the calculator includes

New regime: slabs from 0% up to ₹4 lakh to 30% above ₹24 lakh, ₹75,000 standard deduction, nil tax up to ₹12 lakh of taxable income with marginal relief just above it.
Old regime: slabs from 0% up to ₹2.5 lakh to 30% above ₹10 lakh, ₹50,000 standard deduction and nil tax up to ₹5 lakh of taxable income.
Old-regime deductions: 80C (capped at ₹1.5 lakh), 80D, exempt HRA, self-occupied home-loan interest (capped at ₹2 lakh) and your own NPS contribution (capped at ₹50,000).
4% health and education cess on both.

What it leaves out

Surcharge on taxable income above ₹50 lakh.
Higher basic exemptions for senior citizens under the old regime.
Capital gains and other special-rate income.
Employer NPS contributions and less common deductions (80E, 80G, 80TTA).

How to use the result

Tell your employer your preferred regime at the start of the year so the right TDS is deducted. You make the final choice when you file your return, and salaried taxpayers without business income can switch every year. For worked examples at different salaries and a break-even table, see our old vs new regime guide.

Frequently asked questions

Sources & references

Income Tax Department - e-filing portal and tax calculator — Income Tax Department, GoI
Provisions of the Income-tax Act, 1961 vis-a-vis Income-tax Act, 2025 — CBDT

Rates, fees, eligibility, and product terms cited on this page reflect the sources above at the time of publication and may have changed since. Always verify directly with the lender or regulator.

Old vs new regime: worked examples HRA exemption calculation Section 80C deductions Income tax for salaried Home loan tax benefits