Old Regime Tax Calculator — With HRA, 80C, 80D Deductions — FY 2026-27
Calculate income tax under the Old Regime for FY 2026-27. Old regime has higher slab rates (5/20/30%) but allows HRA, 80C (₹1.5L), 80D (health insurance), 80CCD(1B) NPS (₹50K), Section 24(b) home loan interest (₹2L), and more. Best for professionals with significant HRA + 80C + home loan deductions.
Compute your numbers → Income Tax Calculator
Use the full Income Tax Calculator for interactive computation with your exact inputs. This page covers the specific context + rules for your query intent.
Key rules at a glance
- 5% / 20% / 30% slabs (pre-revision rates)
- HRA exemption u/s 10(13A) available
- 80C deduction ₹1.5L (PPF, ELSS, LIC, principal)
- Section 24(b) ₹2L home loan interest
- 80CCD(1B) ₹50K extra NPS
Old regime tax slabs FY 2026-27
Old regime slabs (unchanged from earlier years): 0-2.5L nil, 2.5-5L at 5%, 5-10L at 20%, above 10L at 30%. Senior citizens (60+): 0-3L nil; super-senior (80+): 0-5L nil. 4% Health & Education Cess on tax payable. Section 87A rebate up to ₹12,500 for income ≤ ₹5L.
Old vs new regime — when does old win?
Old regime usually wins at ₹10L+ income with these deductions: (a) HRA exemption ₹1.5-2L (metro rent + basic salary), (b) 80C full ₹1.5L (EPF + PPF/ELSS), (c) 80D ₹25-50K health insurance, (d) Section 24(b) ₹2L home loan interest, (e) 80CCD(1B) ₹50K NPS. Total deductions ≥ ₹5L = old regime typically saves ₹20-80K/year vs new.
Popular old-regime deductions
80C (₹1.5L): EPF, PPF, ELSS, LIC premium, home-loan principal, tax-saver FD. 80D: ₹25K self/family + ₹25K parents (₹50K if senior parents). 80CCD(1B): ₹50K NPS contribution on top of 80C. Section 24(b): ₹2L home-loan interest for self-occupied. 80TTA: ₹10K savings account interest. 80E: full interest on education loan (8-year cap). Run our calculator with your specific deductions to see exact savings.
Switching from old to new regime
Salaried can switch each FY at ITR filing. Self-employed / business must file Form 10-IEA via the income-tax portal to opt out of default new regime. Once opted out of new, the taxpayer can return to new regime ONCE more in their lifetime (but not freely toggle). Plan carefully if income profile changes.
Old Regime Tax Calculator — FAQ
What are the old regime tax slabs for FY 2026-27?
0-2.5L: nil, 2.5-5L: 5%, 5-10L: 20%, above 10L: 30%. Senior citizens (60+) get nil upto ₹3L; super-senior (80+) upto ₹5L. 4% cess on tax. Section 87A rebate up to ₹12,500 for income ≤ ₹5L.
When is old regime better than new regime?
When your total deductions (HRA + 80C + 80D + 80CCD(1B) + Section 24(b)) exceed ~₹4.5L. Common scenarios: metro professionals with HRA + PPF/ELSS + home loan, or households with multi-person health insurance + NPS. Run both through our calculator yearly.
Can I claim all deductions simultaneously under old regime?
Subject to individual caps: 80C max ₹1.5L, 80D max ₹75K (self+senior parents), 80CCD(1B) max ₹50K, Section 24(b) max ₹2L (self-occupied). 80E has no cap but only for 8 years. HRA exemption follows the 10(13A) least-of-three formula separately.
Is standard deduction available in old regime?
Yes — ₹50,000 standard deduction for salaried employees under old regime (FY 2026-27). Note: new regime gives ₹75,000 — higher by ₹25K. Standard deduction is automatic, no form needed.
How do I file old regime if it is no longer the default?
Salaried: tick "Opting out of 115BAC(1A)" in ITR-1/ITR-2 while filing. Self-employed / business: file Form 10-IEA before ITR due date. Form can be filed via the income-tax e-filing portal under "Forms" section.
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