Income Tax Planner
Plan salary, HRA and Chapter VI-A declarations. Compare old vs new regime tax with a detailed worksheet for FY 2026-27.
Basic details
Enter gross salary, basic salary (for HRA), HRA received and professional tax before adding declarations. Estimates use FY 2026-27 (AY 2027-28).
If your CTC includes employer PF, exclude that amount — enter taxable salary only, not full CTC.
Used for HRA limits (10% and 40%/50% of basic). Leave 0 to use gross salary.
Actual HRA from salary — required for old-regime HRA exemption.
Old regime only. Capped at ₹2,500/year (constitutional max). Lower the amount if your state charged less, or set ₹0 if no PT applies (e.g. Delhi).
Age category
City type (for HRA)
Tax declarations
Add exemptions and deductions that apply under the old regime. New regime ignores most Chapter VI-A deductions.
80C
Section 80C
Investments and expenses under Section 80C (max ₹1.5 lakh).
Old regime only
VI-A
Other Chapter VI-A
NPS (80CCD(1B)), 80E, 80GG, 80DD, 80DDB, 80U and related deductions.
Old regime only
NPS
Employer NPS (80CCD(2))
Employer contribution to your NPS account — deductible under both old and new regimes.
HRA
HRA exemption
House rent paid for HRA exemption under Section 10(13A).
Old regime only
80D
Medical (Section 80D)
Health insurance, preventive check-up and medical bills.
Old regime only
HP
Income / loss from house property
Self-occupied and let-out property interest and rental income.
+
Other income
Additional income from other sources to include in total income.
Last updated: 10 August 2026. Estimates for FY 2026-27 (AY 2027-28) — verify on incometax.gov.in before filing.
Plan your tax declarations
Use the Income Tax Planner to model salary, exemptions and Chapter VI-A deductions before submitting your employer investment declaration or choosing a regime at ITR filing. Add each category — 80C, other VI-A, employer NPS (80CCD(2)), HRA, 80D medical, house property and other income — then calculate to see old vs new regime tax and a line-by-line worksheet.
For a quick estimate without itemised declarations, try the Income Tax Calculator.
Declaration categories
- Section 80C — PPF, ELSS, life insurance, home loan principal, etc. (aggregate cap ₹1.5 lakh).
- Other Chapter VI-A — 80CCD(1B), 80E, 80GG, 80DD, 80DDB, 80U and related deductions with per-section limits (old regime).
- Employer NPS (80CCD(2)) — Employer contribution to NPS; deducted under both old and new regimes.
- HRA — Rent paid for one or more houses with month-wise coverage.
- Section 80D — Health insurance and preventive check-up by age band (preventive up to ₹5,000 sits inside the overall 80D cap, not on top).
- House property — Self-occupied home loan interest and let-out property income/loss (old regime: up to ₹2L inter-head set-off; new regime: no inter-head set-off).
- Other income — Additional taxable income such as interest or freelance earnings.
How tax is computed here
Taxable income ≈ gross salary − standard deduction − professional tax (old regime) − exemptions (e.g. HRA) − Chapter VI-A deductions allowed for that regime. Tax is then applied on slab rates for FY 2026-27, plus surcharge (if any), Section 87A rebate with marginal relief where applicable, and 4% health & education cess. The planner compares old vs new and highlights the lower total.
Worked example (illustrative): ₹12 lakh salary, ₹1.5 lakh under 80C, metro HRA with rent, and employer NPS. Enter the same figures in declarations, calculate, and read the worksheet line by line — the recommended regime is the one with lower tax after rebate and cess.
Primary references: incometax.gov.in and CBDT finance-act notes for the assessment year. Capital gains and special rates are excluded.
Frequently asked questions about the Income Tax Planner
What is the Income Tax Planner?
The Income Tax Planner helps salaried employees estimate income tax by entering salary and tax-saving declarations — Section 80C, 80D, HRA, employer NPS (80CCD(2)), house property and other Chapter VI-A deductions — then comparing old vs new regime side by side.
How is this different from the Income Tax Calculator?
The Income Tax Calculator is a quick slab-based estimate from income heads and deductions. The Income Tax Planner lets you itemise each declaration category (like an employer IT declaration form) and shows a detailed worksheet.
Which declarations apply only under the old regime?
Section 80C, 80D, HRA exemption, employee NPS 80CCD(1B) and most other Chapter VI-A deductions apply under the old regime. Employer NPS under Section 80CCD(2) is allowed under both regimes. The new regime also offers a higher standard deduction (₹75,000).
Is employer NPS (80CCD(2)) deducted under the new regime?
Yes. Add Employer NPS (80CCD(2)) in declarations. The contribution reduces taxable income under both old and new regimes, unlike employee 80C/80CCD(1B) which are old-regime only.
Is professional tax deductible under the new regime?
No. Under Section 16, only the standard deduction (₹75,000 in the new regime, ₹50,000 in the old) is available in the new tax regime. Professional tax under Section 16(iii) can be claimed only if you opt for the old regime.
How is HRA exemption calculated?
HRA exemption is the minimum of: actual HRA received, rent paid minus 10% of basic salary, and 50% of basic (metro) or 40% (non-metro). Enter monthly rent and the months covered for each rented house.
Is the Section 80D preventive check-up limit extra?
No. Up to ₹5,000 for preventive health check-ups sits inside the overall Section 80D cap (₹25,000 or ₹50,000 by age band) — it is not added on top of the insurance premium limit. If premiums already fill the cap, extra check-up spend does not increase the deduction.
How is house-property loss treated in old vs new regime?
Under the old regime, loss under the house-property head can be set off against other income up to ₹2 lakh in a year (Section 71(3A)); any excess is outside this planner’s carry-forward model. Under the new regime (Section 115BAC), house-property loss cannot be set off against salary or other heads — this planner treats that inter-head set-off as nil.
Does saving declarations submit data anywhere?
Declarations are designed to stay in your browser session for this page. Nothing is sent to an employer or the Income Tax Department. See the Privacy page for contact forms and analytics.
Is the regime recommendation final?
It is an estimate for FY 2026-27 based on entered figures, including surcharge and Section 87A rebate with marginal relief where applicable. Capital gains and special rates are excluded. Verify on incometax.gov.in before choosing a regime at filing.
Income tax planner — should I choose new regime if I have ₹1.5 lakh 80C and home loan interest?
Enter declarations for both regimes and compare estimated tax. Large 80C/HRA/home-loan deductions can still favour old regime for some taxpayers; others do better in new regime. Illustrative only — confirm before filing.
How to use income tax planner for salary with HRA, NPS and professional tax in India?
Fill employer NPS, HRA/rent, professional tax and other deductions where applicable, then compare regimes. Saving declarations only stores inputs locally for planning — it does not file returns.
Disclaimer: Illustrative comparison of old vs new regime for common salary inputs. Excludes capital gains and many special cases. Not professional tax advice — verify on incometax.gov.in or with a tax professional.
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