Compare your income tax under the old and new regimes side by side and see which one saves you money this year.
How to Use This Income Tax Calculator
Enter your gross annual income, tick the salaried box if you receive salary or pension (the standard deduction applies automatically) and enter your total old regime deductions such as 80C investments, health insurance, HRA and home loan interest. The calculator shows tax under both regimes and tells you plainly which is cheaper.
Old Regime or New Regime?
The new regime has lower slab rates but allows almost no deductions. The old regime has higher rates but rewards deductions. As a rough rule, if your deductions and exemptions are substantial, the old regime often wins; with few deductions, the new regime usually does. The only reliable answer is calculating both with your actual numbers, which is exactly what this tool and our ITR filing service do.
What This Estimate Includes
The calculation covers the current slabs, standard deduction, the section 87A rebate with marginal relief and 4 percent cess. It does not compute surcharge on incomes above fifty lakh rupees. Treat the result as a close planning estimate rather than a final filing computation.