Old Tax Regime Income Tax Calculator
Calculate income tax under Old Regime with Section 80C, 80D, HRA, Standard Deduction, and home loan interest tax exemptions.
Advanced Options
▶Tax Distribution
Your 80C investments, insurance premiums, NPS, donations and loan interest reduce your tax, but the money still leaves your account. This is what remains once they are paid for.
Tax Calculation
HRA Exemption Calculation
Tax Slab Calculation
Detailed Breakdown
Tax Calculator Documentation
Tax Slabs (Old Regime)
| Income Range | Tax Rate | Example |
|---|---|---|
| Up to ₹2.5L | No tax | For ₹2.5L: Tax = ₹0 |
| ₹2.5L to ₹5L | 5% | For ₹5L: Tax = ₹12,500 |
| ₹5L to ₹10L | 20% | For ₹10L: Tax = ₹1,12,500 |
| Above ₹10L | 30% | For ₹15L: Tax = ₹2,62,500 |
| Education Cess | 4% | On ₹1L tax: Cess = ₹4,000 |
Available Deductions
Standard Deduction
Fixed amount of ₹50,000 available to all salaried individuals. No documentation needed.
Section 80C (Max: ₹1.5L)
- • EPF (Employee Provident Fund) - 12% of basic salary
- • PPF (Public Provident Fund) - Long-term savings
- • ELSS (Equity Linked Savings Scheme) - Tax-saving mutual funds
- • Life Insurance Premium - Term and traditional plans
- • Home Loan Principal Repayment
- • Tuition Fees for up to 2 children
- • Tax-saving Fixed Deposits (5-year lock-in)
Section 80CCD(1B) - NPS
Additional ₹50,000 deduction for contribution to National Pension System (NPS). This is over and above the ₹1.5L limit of Section 80C.
Section 80D - Medical Insurance
- • Self & Family: Up to ₹25,000
- • Parents (Non-Senior Citizens): Up to ₹25,000
- • Parents (Senior Citizens): Up to ₹50,000
- • Preventive Health Check-up: Up to ₹5,000 (included in above limits)
HRA Exemption
Minimum of:
- • Actual HRA received from employer
- • 50% of basic salary (for metro cities)
- • 40% of basic salary (for non-metro cities)
- • Actual rent paid minus 10% of basic salary
50% cities (tax year 2026-27): Delhi, Mumbai, Kolkata, Chennai, Bengaluru, Hyderabad, Pune, Ahmedabad. Up to FY 2025-26 only the first four qualified.
Section 80EEA - Home Loan Interest
- • Additional ₹1.5L deduction for first-time home buyers
- • Loan sanctioned between Apr 2019 - Mar 2022
- • Property value up to ₹45L
- • This is over and above Section 24 interest deduction
Section 80E - Education Loan Interest
- • No upper limit on deduction
- • Available for self, spouse, or children
- • Covers all fields of study
- • Available for 8 years from first repayment
Important Notes
- • All figures are for tax year 2026-27 (Financial Year 2026-27)
- • Basic salary typically constitutes 40-50% of CTC in most organizations
- • EPF is mandatory when basic + DA is ₹15,000 per month or less at joining; above that, enrolment is voluntary
- • ₹1,800 a month is only 12% of the ₹15,000 wage ceiling — it is a statutory minimum for covered wages, not a cap. Contributions on full basic are allowed and common
- • Professional Tax varies by state, typically around ₹2,400 per year
- • Education Cess of 4% is applicable on the total tax amount
- • Tax calculation is progressive - different rates apply to different slabs
- • Section 80C deductions have a combined limit of ₹1.5L
- • For HRA exemption, rent receipts are mandatory if annual rent > ₹1L
Income Tax
Compare calculations across closely related financial tools in this category.
Direct Peer & Companion Calculators
6 tools available80C Tax-Saving & Exemption Solutions
Reduce your tax liability to ₹0 with government-backed 80C & 80CCD schemes.
Old vs New Tax Regime Break-Even Point 2026: The Deduction Threshold Chart
Exact deduction break-even thresholds from ₹7.5L to ₹50L CTC, Section 87A rebate rules, and why 90%+ taxpayers benefit from New Regime.