HRA Exemption Calculator
The tax-free part of your HRA is the lowest of three amounts: the HRA you get, the rent you pay minus 10% of basic pay, and 50% of basic in a metro city (40% elsewhere). HRA only counts in the old regime.
Financial year
a year · Before tax, with bonuses and allowances; leave out the employer’s PF.
Bank and FD interest, rent after the 30% deduction, freelancing. Leave out capital gains on shares.
Section 80CCD(2), allowed in both regimes: up to 14% of basic pay in the new regime, 10% in the old.
These only lower your tax in the old regime.
PF (your share), PPF, ELSS, life insurance, home loan principal, tuition fees. Up to ₹1,50,000.
Up to ₹50,000 on top of 80C.
Up to ₹25,000, or ₹50,000 if you are 60 or over.
Up to ₹25,000, or ₹50,000 if a parent is 60 or over.
Self-occupied house, up to ₹2,00,000.
Up to ₹2,500.
Such as 80E education loan interest, 80G donations, 80TTA/80TTB bank interest.
TDS from your Form 16 or 26AS, and advance tax.
Your income tax for
The regime saves you . Both regimes give the same tax.
In-hand after tax in the regime: a month, before PF and other payroll deductions.
In the regime you still have to pay. In the regime you paid more than your tax. Claim it as a refund in your return. The tax already paid covers your tax exactly.
The old regime only wins if your HRA and deductions add up to more than (yours: ), on top of the standard deduction.
The section 87A rebate of cancels your new-regime tax: your taxable income is within .
Marginal relief of : your income is over , so the tax before cess is capped at that.
New vs old regime
| Item | New | Old |
|---|---|---|
| Total income | ||
| Standard deduction | ||
| Employer NPS, 80CCD(2) | ||
| HRA exemption | – | |
| Professional tax | – | |
| Home loan interest | – | |
| 80C, 80D, NPS and others | – | |
| Taxable income | ||
| Tax on the slabs | ||
| Rebate, section 87A | ||
| Marginal relief | – | |
| Surcharge | ||
| Cess at % | ||
| Tax for the year |
, slab by slab
| Income | Rate | Your income | Tax |
|---|---|---|---|
Surcharge at % after marginal relief.
Enter your income to see your tax.
New regime tax slabs for FY 2026-27
| Taxable income | Rate |
|---|---|
| Up to ₹4,00,000 | 0% |
| ₹4,00,000 to ₹8,00,000 | 5% |
| ₹8,00,000 to ₹12,00,000 | 10% |
| ₹12,00,000 to ₹16,00,000 | 15% |
| ₹16,00,000 to ₹20,00,000 | 20% |
| ₹20,00,000 to ₹24,00,000 | 25% |
| Above ₹24,00,000 | 30% |
Standard deduction ₹75,000. Rebate up to ₹60,000 for residents with taxable income up to ₹12,00,000, with marginal relief above it. Surcharge 10% over ₹50,00,000, 15% over ₹1,00,00,000 and 25% over ₹2,00,00,000. Cess 4%.
Old regime tax slabs for FY 2026-27
| Taxable income | Rate |
|---|---|
| Up to ₹2,50,000 (₹3,00,000 at 60 to 79, ₹5,00,000 at 80+) | 0% |
| ₹2,50,000 to ₹5,00,000 | 5% |
| ₹5,00,000 to ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
Standard deduction ₹50,000. Rebate up to ₹12,500 for residents with taxable income up to ₹5,00,000. Surcharge 10% over ₹50,00,000, 15% over ₹1,00,00,000, 25% over ₹2,00,00,000 and 37% over ₹5,00,00,000. Cess 4%. HRA: up to 50% of basic in Mumbai, Delhi, Kolkata, Chennai, Bengaluru, Hyderabad, Pune, Ahmedabad, 40% elsewhere.
Rates last checked 17 October 2026 against Budget 2026 and the Income-tax Rules 2026. FY 2025-26 has the same slabs; only Mumbai, Delhi, Kolkata and Chennai count as metros for its HRA. This is an estimate, not tax advice: capital gains at special rates, agricultural income, and some deductions are not included. Check the Income Tax Department’s calculator or a tax adviser before you file.
More tax and money calculators
- India Income Tax Calculator
- Salary Income Tax Calculator
- New Tax Regime Calculator
- Old Tax Regime Calculator
- HRA Exemption Calculator
- Income Tax Calculator for Senior Citizens
- Section 87A Rebate Calculator
- India GST Calculator
- SIP Calculator
- PPF Calculator
- EPF Calculator
- Home Loan EMI Calculator
- Rupees in Words
- Salary Calculator
- Bangladesh Income Tax Calculator
About the India Income Tax Calculator
The India income tax calculator works out your personal income tax for FY 2026-27 and FY 2025-26 under both regimes at once. It takes off the standard deduction, applies the slabs for your age, the section 87A rebate and marginal relief, the surcharge on high incomes, and the 4% health and education cess. In the old regime it also takes off HRA, 80C, 80D, NPS and home loan interest, and it tells you how much you would need to claim before the old regime beats the new one.
How to use it
- 1 Pick the financial year and your age group.
- 2 Enter your gross salary per month or per year, and any other income such as interest or rent.
- 3 Open the old-regime deductions if you claim HRA, 80C, 80D, NPS or home loan interest.
- 4 Compare the two regimes, read the slab-by-slab working, and copy the share link if you need it.
Frequently asked questions
What are the income tax slabs for FY 2026-27?
In the new regime: nil up to ₹4 lakh, 5% from ₹4 to 8 lakh, 10% from ₹8 to 12 lakh, 15% from ₹12 to 16 lakh, 20% from ₹16 to 20 lakh, 25% from ₹20 to 24 lakh, and 30% above ₹24 lakh. Budget 2026 kept the slabs of FY 2025-26. In the old regime: nil up to ₹2.5 lakh (₹3 lakh at 60 to 79, ₹5 lakh at 80+), 5% up to ₹5 lakh, 20% up to ₹10 lakh, and 30% above.
Is income up to ₹12 lakh tax-free?
Yes, in the new regime, for residents. The section 87A rebate of up to ₹60,000 cancels the tax on taxable income up to ₹12 lakh. Salaried people also get the ₹75,000 standard deduction, so a salary of up to ₹12.75 lakh pays no tax. Just above the limit, marginal relief keeps your tax from being more than the income above ₹12 lakh. The rebate does not cover special-rate income such as capital gains on shares.
Which is better, the new or the old tax regime?
For most people the new regime is cheaper, because its rates are lower and income up to ₹12 lakh is tax-free. The old regime only wins if you claim large deductions: HRA on a high rent, the full ₹1.5 lakh under 80C, 80D health insurance, NPS and home loan interest. The calculator shows both and the amount of deductions at which the old regime breaks even.
How is HRA exemption calculated?
The tax-free part of HRA is the lowest of: the HRA you receive, the rent you pay minus 10% of basic pay plus DA, and 50% of basic plus DA in a metro city or 40% elsewhere. From FY 2026-27 the Income-tax Rules 2026 count Bengaluru, Hyderabad, Pune and Ahmedabad as metros along with Mumbai, Delhi, Kolkata and Chennai. HRA can only be claimed in the old regime.
What is the standard deduction for FY 2026-27?
₹75,000 in the new regime and ₹50,000 in the old regime, for salary and pension. You do not need any proof; it is taken off your salary automatically.
When is surcharge charged on income tax?
When taxable income is over ₹50 lakh: 10% of the tax above ₹50 lakh, 15% above ₹1 crore, and 25% above ₹2 crore. The old regime has a 37% rate above ₹5 crore; the new regime stops at 25%. Marginal relief keeps the extra tax from being more than the income above each limit. The 4% cess is then charged on the tax plus surcharge.
Does the new Income-tax Act 2025 change my tax?
The Income-tax Act 2025 replaced the 1961 Act from 1 April 2026. It renames the financial and assessment year as the tax year and renumbers the sections, but it keeps the same slabs, rebate and deductions. People still search for the old section numbers, such as 80C and 87A, so this page uses them.
How up to date are the rates?
The rates were last checked in October 2026 against Budget 2026 and the Income-tax Rules 2026. This is an estimate, not tax advice: it does not cover capital gains at special rates, agricultural income, or every deduction. Check the Income Tax Department’s calculator or a tax adviser before you file.
Related tools
Salary Converter
Hourly wage to monthly and yearly salary, and back
SIP Calculator
SIP, step-up SIP, lumpsum, goal and SWP returns for mutual funds
PPF Calculator
PPF maturity at 7.1% with yearly or monthly deposits and 5-year extensions
EPF Calculator
PF balance at retirement at 8.25%, with EPS split, pay rises and VPF
Gratuity Calculator
Gratuity and end of service pay for India, Bangladesh, UAE, Saudi Arabia and Qatar
Percentage Calculator
Calculate percentages