Planning your taxes for the new financial year? The Old vs New Tax Regime comparison for 2026-27 is critical for every salaried professional in India. With an income of ₹1,00,000, should you stick with the Old Regime (with 80C, HRA, and Insurance deductions) or switch to the New Tax Regime (with lower rates but no deductions)? This calculator provides a side-by-side analysis, including the updated Standard Deduction of ₹75,000, helping you choose the regime that maximizes your in-hand salary.
Planning your taxes for the new financial year? The Old vs New Tax Regime comparison for 2026-27 is critical for every salaried professional in India. With an income of ₹1,00,000, should you stick with the Old Regime (with 80C, HRA, and Insurance deductions) or switch to the New Tax Regime (with lower rates but no deductions)? This calculator provides a side-by-side analysis, including the updated Standard Deduction of ₹75,000, helping you choose the regime that maximizes your in-hand salary.
How Does the POMIS Calculator Work?
The Post Office Monthly Income Scheme offers Simple Interest, not compound interest. Therefore, your principal amount deposited on Day 1 does not grow. It stays identical, and the bank credits the 'interest' directly into your associated savings account every single month.
Monthly Payout = (P × R) / (100 × 12)Where:
- • P = Principal deposit
- • R = Annual Interest Rate (Currently 7.4%)
- • Example: (9,00,000 × 7.4) / 1200 = ₹5,550 per month
- Strict Deposit Limits: An individual can open a 'Single' account up to ₹9 Lakhs (recently hiked from ₹4.5 Lakhs). A 'Joint' account (up to 3 adults) can accept up to ₹15 Lakhs (hiked from ₹9 Lakhs).
- Monthly Payouts Only: Interest is deposited exclusively on a monthly basis. You cannot opt for quarterly or annual payouts.
- Fixed 5-Year Tenure: Your principal is tied up for 5 years. Unlike PPF, there is absolutely no provision to legally extend a POMIS account beyond maturity.
Example: ₹15 Lakh Joint Account Deposit
Mr. & Mrs. Patel open a joint POMIS account to generate a secondary stream of income, depositing the maximum permissible limit of ₹15,00,000 at the 7.4% rate.
• Annual Interest = ₹1,11,000
• Monthly Payout = ₹9,250
• Total Interest Over 5 Years = ₹5,55,000
The Patels will receive an auto-credited 'pension' of ₹9,250 every month. After 60 months, their initial ₹15 Lakhs is fully returned.
Initial Deposit: ₹15,00,000
Annual Rate: 7.4%
Tenure: 60 Months
Total Interest Earned: ₹5,55,000
POMIS vs Bank FDs vs SCSS
When choosing a reliable fixed-income investment, Indian investors frequently compare POMIS with Bank Fixed Deposits and the Senior Citizen Savings Scheme.
| Parameter | POMIS | Senior Citizen Scheme (SCSS) | Bank FD |
|---|---|---|---|
| Interest Rate | 7.4% p.a. | 8.2% p.a. | 6.5% - 7.5% p.a. |
| Max Deposit | ₹9L Single / ₹15L Joint | ₹30 Lakhs | No Limit |
| Payout Frequency | Monthly Only | Quarterly Only | Monthly/Quarterly/Maturity |
| Tax Benefit (80C) | ❌ No | ✅ Yes (Up to ₹1.5L) | ✅ Yes (Only 5-Yr Tax Saver) |
| Lock-in Period | 5 Years | 5 Years (Extendable by 3) | 7 Days to 10 Years |
Frequently Asked Questions
⚠️ Disclaimer
The figures provided by this calculator are estimates based on the inputs you provide and standard financial formulas. STOCKCALC.IN does not offer investment advice. Please consult a qualified financial advisor before making any investment decisions.