Old Regime Tax Calculator with 80C, HRA and Home Loan

It depends on your deductions. For FY 2026-27, including cess:

• No deductions: ₹2,57,400
• 80C ₹1.5 lakh, 80D ₹25,000, NPS ₹50,000: ₹1,87,200
• Plus ₹2 lakh of home-loan interest: ₹1,24,800
• Plus ₹2 lakh of HRA exemption: ₹80,600

The new regime costs ₹97,500, so the old regime wins here only with the full set.

Each rupee saves tax at your slab rate plus cess. ₹2.25 lakh of 80C, 80D and NPS together saves:

• ₹10 lakh salary: ₹46,800
• ₹15 lakh: ₹70,200
• ₹20 lakh: ₹70,200

In the new regime they save nothing, which is why the break-even matters.

Gross salary is your total salary for the year before any tax-free allowance or deduction is taken off: basic pay, DA, HRA, special allowance, LTA, bonus, other allowances and taxable perks. Your Form 16 from your employer shows it. In the Old and New Regime calculators you enter the yearly total; the planner asks for each part separately and adds them up.

CTC is what your employer spends on you, so it also includes the employer's PF share, gratuity provision and group insurance, which aren't part of your gross salary. Take-home pay is what reaches your bank after your own PF, professional tax and TDS are deducted. Tax starts from gross salary, not from either of those. Employer NPS is the exception: it's included in gross salary and then deducted again.

Old regime: gross salary, minus tax-free allowances (HRA, LTA, children's allowances), minus the ₹50,000 standard deduction and professional tax, plus other income such as interest or rent, minus deductions like 80C, 80D and home-loan interest. New regime: gross salary, minus the ₹75,000 standard deduction and employer NPS, plus other income. In both, the tax-free part of gratuity and leave encashment comes off too. Slab rates then apply to what's left: your taxable income.

Below 60: nil up to ₹2.5 lakh, 5% up to ₹5 lakh, 20% up to ₹10 lakh and 30% above. At 60–79 the nil slab is ₹3 lakh, and at 80+ it is ₹5 lakh (with 20% straight after). A 4% cess is added.

Yes. If taxable income after deductions is ₹5 lakh or less, a rebate of up to ₹12,500 brings tax to zero. There is no marginal relief, so tax starts at full slab rates just above ₹5 lakh.

Yes. The 2025 Act keeps both regimes; only the section numbers changed. 80C is now section 123, 80D section 126 and home-loan interest section 22.

10% above ₹50 lakh, 15% above ₹1 crore, 25% above ₹2 crore and 37% above ₹5 crore, with marginal relief near each threshold.

Only if your total exemptions and deductions are large enough. For most salaries the new regime is cheaper; the comparison under the results shows the answer for your numbers.

Your employer deducts TDS on a projection: the salary it expects to pay you and the proofs you submitted. A bonus, a job change, investments you never declared or interest income can all change the final figure. What counts is the tax worked out in your return: extra TDS comes back as a refund, and any shortfall is paid as self-assessment tax before you file.

Add the salary from both employers and enter the total. You get the standard deduction and each deduction limit only once for the year. Each employer may have given you the 0% slab and the rebate in its own TDS, so tax is often short: give your new employer your earlier salary details (Form 12B) or pay the balance before filing.

Yes, if the house you own is in a different city, or there are genuine reasons you don't live in it, such as distance from work. You can't claim HRA for a home you own and live in.

The law doesn't insist on a rent agreement, and employers usually accept rent receipts. Cash rent is allowed but is weak proof if the tax department asks; paying by bank transfer and keeping a signed agreement is the safe way. If your rent is over ₹1 lakh a year, you also need the landlord's PAN.

Yes, if you both get HRA. Each of you claims on the share of rent you actually pay, ideally from your own bank account and shown on the receipts. Together you can’t claim more than the rent paid, so don’t both claim the full amount.

Only the months you paid rent count. The three limits are applied to those months, and HRA received in the other months is fully taxable. If your rent or salary changed during the year, the exemption is worked out separately for each period and added up.

Twice in a block of four calendar years; the current block is 2026 to 2029. If you used only one trip in the last block, one can be carried into the first year of the next. The trip must be within India, and you must actually travel.

Only the fare, by the shortest route: economy air fare of the national carrier, or AC first-class rail fare where there is a train. Hotels, food, cabs and sightseeing don't count. It covers you, your spouse, children and dependent parents or siblings. In the new regime LTA is fully taxable.

From FY 2026-27, up to ₹3,000 a month per child for education and ₹9,000 a month per child for hostel, for at most two children (it was ₹100 and ₹300 before). The rest is taxable. These exemptions apply only in the old regime.

Yes. The allowance is an exemption from your salary, while tuition fees you pay are an 80C deduction. Both can be claimed for the same two children, as long as the fees are full-time tuition fees to a school, college or university in India.

No. Gratuity paid to the nominee or legal heirs after the employee's death isn't taxed in their hands. The limits in this calculator apply to gratuity an employee receives on retirement or resignation.

The taxable part is added to that year’s salary. Because it was earned over many years, you can claim relief for salary bunched into one year (what used to be section 89 relief) by filing the relief form on the e-filing portal before your return. It recomputes the tax as if the amount had been spread over earlier years.

Yes, fully, as part of that year’s salary, in both regimes. The exemption applies only to leave encashed when you leave the job, on retirement or resignation.

Your basic pay, plus DA if it counts for retirement benefits, plus any commission fixed as a percentage of turnover, averaged over the 10 months just before you leave. Allowances like HRA and special allowance are left out, which is why the tax-free amount is often lower than people expect.

₹50,000 for salaried employees and pensioners, compared with ₹75,000 in the new regime.

No. It's a flat amount for salary and pension income: ₹75,000 in the new regime and ₹50,000 in the old. It is applied automatically, whatever you actually spent, and only once a year even if you had two employers.

Yes. A pension from your former employer is taxed as salary, so it gets the same standard deduction. Family pension received after a family member's death is different: it gets a deduction of one-third, up to ₹25,000 in the new regime or ₹15,000 in the old.

It's a tax some states charge on employment, deducted from your salary every month. The Constitution caps it at ₹2,500 a year. You can subtract what you paid from your salary only in the old regime. Some states, such as Delhi, Haryana, Rajasthan and Uttar Pradesh, don't charge it, so leave it at 0 there.

Up to ₹1.5 lakh of investments and payments come off your taxable income. At the 30% slab that is ₹46,800 of tax including cess, at 20% it is ₹31,200, and at 5% it is ₹7,800.

Your own EPF contribution (usually 12% of basic + DA) and any voluntary PF do count, and they often use up a large part of the ₹1.5 lakh on their own. Your employer's EPF share doesn't count. Check your payslip before buying extra tax-saving products.

Only the tuition fee part, for full-time education in India, for up to two children per parent. Development fees, transport, hostel, uniforms and donations don’t count. Both parents can claim for their own two children if each pays the fees.

Yes, together with stamp duty and registration in the year you pay them, but only once construction is complete and you have possession. If you sell the house within 5 years of the end of the year you got possession, the deductions already claimed are added back to your income.

No. 80CCD(1B) (section 124 of the 2025 Act) is over and above 80C, so the two together allow up to ₹2 lakh. Your own NPS contribution beyond ₹50,000 can still count under 80C if room is left there. Only Tier I contributions qualify, and only in the old regime.

At the 30% slab it saves ₹15,600 a year including cess, at 20% ₹10,400, and at 5% only ₹2,600. The money is locked in until 60, when 60% can be taken tax-free and the rest buys a taxable annuity. Weigh the saving against that lock-in.

Up to ₹25,000 for yourself, your spouse and children (₹50,000 if you are 60 or older), plus up to ₹25,000 for your parents (₹50,000 if either is 60 or older). The most is ₹1 lakh. Preventive check-ups of up to ₹5,000 fit inside these limits, not on top of them. Old regime only.

Yes. For a senior citizen with no health cover, medical expenses you pay (other than in cash) count in place of the premium, within the same ₹50,000 limit. Enter them in the parents' amount and keep the bills.

Premiums paid in cash don't qualify; only check-ups may be paid in cash. If you pay for a multi-year policy upfront, you claim it in equal parts over the years it covers, each within that year's limit. Group cover your employer pays for doesn't count, but a top-up deducted from your salary does.

No. Interest paid before construction finishes is claimed in five equal parts, starting in the year it's completed, within the ₹2 lakh self-occupied limit. If construction isn't finished within 5 years of the end of the year you took the loan, the limit drops to ₹30,000.

Each person who is both a co-owner and a co-borrower, and pays their share of the EMI, can claim up to ₹2 lakh of interest and up to ₹1.5 lakh of principal under 80C separately. Claims follow the share each of you actually pays, so together you can’t claim more than the interest paid.

Yes, up to two homes can be treated as self-occupied, but the ₹2 lakh interest limit is for both together, not each. A third home is treated as let out, so a notional rent is taxed even if it is empty.

Yes, in the old regime, if your loan qualifies. 80EE (section 130 of the 2025 Act) adds up to ₹50,000 for a loan of ₹35 lakh or less, sanctioned between 1 April 2016 and 31 March 2017, on a house worth ₹50 lakh or less. 80EEA (section 131) adds up to ₹1.5 lakh for a loan sanctioned between 1 April 2019 and 31 March 2022, on a house with a stamp duty value of ₹45 lakh or less. For both, you must not have owned another house on the sanction date, and the loan must come from a bank or housing finance company to buy (not build) the house. Only interest above the ₹2 lakh self-occupied limit counts, and you can claim it every year until the loan is repaid. Neither is available in the new regime.

No. 80EEA covers only loans sanctioned between 1 April 2019 and 31 March 2022, and 80EE only those sanctioned in FY 2016-17. A newer loan gets just the regular ₹2 lakh interest deduction in the old regime.

Start with the rent, subtract the municipal tax you paid, then a flat 30% for repairs, then the full home-loan interest (no ₹2 lakh cap for a let-out house). What remains is added to your income at slab rates, in both regimes.

In the old regime, up to ₹2 lakh of the loss comes off your salary and other income; the rest carries forward for 8 years, but only against future house-property income. In the new regime the loss can't reduce other income and can't be carried forward, so it simply lapses.

Yes. It's a flat 30% of the rent after municipal tax, with no bills needed. The flip side is that actual repair, maintenance or society charges can't be deducted separately.

Interest on a loan for higher education for yourself, your spouse, your children, or a student you are the legal guardian of, taken from a bank or approved institution. There's no upper limit, but only for 8 years starting with the year you begin repaying. Old regime only.

No. Only the interest is deductible. Unlike a home loan, the principal doesn't count under 80C. A loan from a relative or a friend doesn't qualify either.

Funds like the PM National Relief Fund, PM CARES and the National Defence Fund are deductible in full. Most registered charities get 50%, and that 50% is further limited to 10% of your adjusted total income. The receipt says which one applies.

Cash donations above ₹2,000 aren't deductible; pay by bank transfer, UPI or cheque. The charity reports your donation to the tax department and gives you a certificate (Form 10BE), and your claim is matched against it. Donations aren't deductible in the new regime.

80U is for your own disability; 80DD is for a dependent family member with a disability whom you support. Both are fixed amounts, whatever you spent: ₹75,000, or ₹1.25 lakh for a severe disability (80% or more). You need a certificate from a medical authority. Old regime only.

Yes, if you have a disability yourself and also support a dependent with a disability. But the same person can't be counted twice: if your dependent claims 80U on their own income, you can't claim 80DD for them.

Partly, in the old regime. Below 60, 80TTA takes off up to ₹10,000 of savings-account interest, but not FD or RD interest. At 60 and above, 80TTB takes off up to ₹50,000 of all bank and post-office deposit interest, FDs included. Both are now section 153. The new regime allows neither.

Yes. FD interest is added to your income and taxed at your slab rate, every year as it accrues, even if you haven't received it yet. The bank's 10% TDS is only an advance: claim it as a credit, and pay the rest if you're in a higher slab.

Anyone who pays rent and gets no HRA, salaried or self-employed, in the old regime. You file a declaration (Form 10BA) with your return. It's not available if you, your spouse or minor child own a home in the city where you live or work.

Because it is the least of three amounts: ₹5,000 a month, 25% of your adjusted total income, and rent minus 10% of that income. On a modest income or rent, one of the last two is usually smaller. The adjusted income is your income after every other deduction, so claiming more elsewhere can lower it.

Old-regime deductions this calculator doesn’t ask about one by one, such as 80DDB (treatment of specified diseases), 80EEB (electric-vehicle loan interest) or 80GGC (donations to political parties). Work out the allowed amount yourself under each section’s own limit and enter the total.

Anything taxed at your slab rate that isn’t salary: FD and RD interest, freelance or consulting fees, family pension, or interest on an income-tax refund. Leave out tax-free income such as PPF interest, and enter share and mutual-fund gains in the capital gains section instead.

Partly. In the old regime the rebate can reduce tax on equity STCG (20%) and other LTCG (12.5%), but never on equity LTCG under section 112A. All gains count towards the ₹5 lakh limit, and with no marginal relief, gains that take income even slightly above ₹5 lakh cost the whole rebate.

Only on gains taxed at slab rates, such as debt funds bought from April 2023. Deductions like 80C, 80D and NPS can't reduce equity STCG, equity LTCG or other LTCG. They are used against your salary and other income first; any part left over reduces slab-rate gains.

A capital loss can't: it only reduces capital gains (short-term against any gain, long-term only against long-term gains), and the rest carries forward for 8 years if you file on time. A house-property loss from home-loan interest works the other way: up to ₹2 lakh comes off your salary, and whatever your salary can't absorb reduces your capital gains.

Listed shares and equity mutual funds are long-term after 12 months. Most other assets, such as property, gold and unlisted shares, are long-term after 24 months. Debt mutual funds bought on or after 1 April 2023 are taxed at slab rates however long you hold them.

Neither. It's ₹1.25 lakh per person per year, across all your listed shares and equity funds put together. Family members each get their own, so investments held in a spouse's or parent's name have a separate exemption.