Tax exampleVerified for FY 2026-27

Old vs New Regime for 12 Lakh Salary

Compare old and new income-tax regimes for 12 lakh salary in FY 2026-27 with standard deduction, 80C, 80D and NPS assumptions.

Recommended regimeNew regime

Estimated tax is ₹0 under the recommended regime, saving ₹1,01,400 versus the alternative.

Customise deductions and income

Monthly breakdown

Gross monthly income: ₹1,00,000
Recommended monthly tax: ₹0
New-regime tax: ₹0
Old-regime tax: ₹1,01,400

Annual breakdown

Gross salary: ₹12,00,000
Recommended tax: ₹0
Estimated take-home after tax: ₹12,00,000
Effective tax rate: 0.0%

Alternative scenarios

No old-regime deductions

New regime

New-regime tax is ₹0.

Add 2 lakh home-loan interest

New regime

Recommended tax becomes ₹0.

Add 2.4 lakh HRA exemption

New regime

Recommended tax becomes ₹0.

Assumptions

FY 2026-27 slabs, salaried taxpayer and standard deduction included.
Old-regime base case includes 1.5 lakh 80C, 25k 80D and 50k NPS 80CCD(1B).
Capital gains, surcharge special cases and employer NPS are excluded from this example.

Official sources

Customise this calculation

This page uses one common set of assumptions. Open the calculator to adjust salary structure, deductions, return expectations, loan rate, tenure or retirement assumptions for your own case.

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