Old vs New Tax Regime Calculator (FY 2025-26, AY 2026-27) | FileBob

Old vs New Tax Regime Calculator (FY 2025-26)

💡 Add all deductions & exemptions you claim under the Old Tax Regime:
• Sec 10 Exemptions: HRA, LTA, Gratuity, Leave Encashment
• Sec 80C: LIC, PPF, ELSS, Principal on Housing Loan (Max ₹1.5L)
• Sec 80D: Health Insurance Premium
• Sec 24(b): Home Loan Interest (Max ₹2L)
• Sec 80E: Education Loan Interest
• Sec 80G: Donations
• Any other eligible deductions (NPS, Disability, etc.)

What is Old vs New Tax Regime?

The Old Tax Regime allows deductions like 80C (₹1.5 lakh), 80D (health insurance), HRA, and home loan interest. The New Tax Regime offers lower tax rates but does not allow most deductions.

Which is Better in FY 2025-26?

If your total deductions are high (above ₹3 lakh), the Old Regime is usually better. If you don’t claim many deductions, the New Regime will save you more.

Example:

FAQs

Q. Which is better Old or New Tax Regime in AY 2026-27?
✅ If you have high deductions (80C, 80D, home loan), Old Regime is better. Otherwise, New Regime is simpler and may save tax.

Q. Can I switch between regimes every year?
✅ Salaried individuals can switch each year, but business owners (44AD, 44ADA) have restrictions.