Sigma Tech India · Banking

Income tax, old vs new — recommended.

FY 2026-27. Old regime with full deductions vs New regime with standard deduction + Section 87A rebate. Surcharge and 4% cess applied. The cheaper regime is named.

01 Income & Deductions

Salaried get a ₹75,000 / ₹50,000 standard deduction automatically.

Gross Annual Incomesalary, business, other sources
₹
Age
Source

Old Regime — Apply deductions

80C, 80D, HRA, home loan interest, NPS, etc.

80CPPF, ELSS, LIC · max ₹1.5L
₹
80Dhealth insurance
₹
HRA Exemptfrom HRA tool
₹
Home Loan InterestSec 24b · max ₹2L
₹
80CCD(1B)NPS · max ₹50k
₹
Other Deductions80E, 80G, etc.
₹
Assessee Nameprints on PDF · optional

02 Verdict

Total tax = base tax + surcharge + 4% cess.

Old Regime

₹0
—

New Regime

₹0
—

Computation breakdown

ParticularsOldNew
Gross Income——
Standard Deduction——
Other Deductions——
Taxable Income——
Base Tax——
Section 87A Rebate——
Surcharge——
Health & Cess (4%)——
Total Tax Payable——
FY 2026-27 (AY 2027-28) slabs. New regime is default w.e.f. FY 2023-24. Most deductions unavailable under New regime. — sigmatechind.com
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Sigma Tech India

Banking Toolkit · Income Tax
Engineered in India · sigmatechind.com
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ReferenceIT-—
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Income Tax · Old vs New Regime

Prepared for valued assessee. FY 2026-27 · AY 2027-28.

Old Regime · Total Tax
₹0
New Regime · Total Tax
₹0

Computation

Note. FY 2026-27 slabs. Old regime preserves the full deduction stack (80C, 80D, HRA, 24b, NPS, etc.); New regime offers wider slabs, ₹75,000 standard deduction (salaried), and a Section 87A rebate that eliminates tax up to ₹12 lakh taxable income. Surcharge applies above ₹50 lakh; 4% Health & Education Cess applies on (tax + surcharge). The cheaper regime is recommended above — for binding tax position, refer your assessing officer or CA.
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