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Income Tax Calculator for Salaried Employees

For a salaried employee earning ₹10,00,000, the standard deduction (₹75,000 new regime, ₹50,000 old regime) applies automatically before any other deduction is even considered, bringing new-regime tax to ₹0 and old-regime tax (before itemized deductions) to ₹1,06,600.

FY 2026-27 (AY 2027-28) · Income-tax Act 2025

Your Details

Old Regime Deductions

Total: ₹50,000

HRA exemption is not available under the new regime — it only affects the old-regime column.

Comparison

New Regime

Taxable income₹9,25,000
Income tax₹32,500
Rebate u/s 87A−₹32,500
Surcharge₹0
Cess₹0
Total payable₹0

Old Regime

Taxable income₹9,50,000
Income tax₹1,02,500
Rebate u/s 87A₹0
Surcharge₹0
Cess₹4,100
Total payable₹1,06,600

Recommendation

New regime saves you 0 this year.

The new regime wins here because your old-regime deductions (₹50,000) are below the ~₹5,00,000 break-even where the old regime starts to pay off.

Client summary

Why salaried income gets its own treatment

Salaried employees are the one group guaranteed a standard deduction under both regimes — ₹75,000 under the new regime, ₹50,000 under the old — applied automatically against gross salary before any other deduction. That single fact already shifts the new-vs-old comparison for salaried taxpayers relative to business income or other income types, which don't get this deduction at all.

On top of the standard deduction, salaried employees are also the group most likely to have HRA and employer-provided perquisites in the mix — both of which interact with the regime choice in ways that self-employed or purely investment-income taxpayers don't need to consider.

The salaried-specific checklist

Before comparing regimes, a salaried taxpayer should have three figures ready: actual HRA received and rent paid (for the old-regime HRA exemption calculation), any home loan interest under Section 24(b) if they own a self-occupied property, and their 80C/80D utilisation for the year. Employer NPS contributions under Section 80CCD(2) are a rare exception — available under both regimes — worth checking with HR if not already factored into the salary structure.

One detail that trips up a lot of salaried taxpayers: the regime declared to the employer at the start of the year, for TDS purposes, isn't binding at the time of filing the actual return. A taxpayer can still choose the other regime when filing, provided they aren't carrying business income — meaning a mid-year change in circumstances (a new home loan, for instance) doesn't lock them into a suboptimal choice for the whole year.

Frequently asked questions

Why this matters

Running this comparison for every client, every year, is where advisory value shows up — automate it with PracticeFlow.

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Estimate for planning purposes, not tax advice — always confirm with a CA before filing.

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