Compare New vs Old Tax Regime and find out which saves you more tax
| Income Slab | New Regime Rate | Old Regime Rate |
|---|---|---|
| Up to ₹4,00,000 | Nil | Nil (up to ₹2.5L) |
| ₹4,00,001 – ₹8,00,000 | 5% | 5% to 20% |
| ₹8,00,001 – ₹12,00,000 | 10% | 20% |
| ₹12,00,001 – ₹16,00,000 | 15% | 30% |
| Above ₹24,00,000 | 30% | 30% |
Our Income Tax Calculator helps individuals quickly estimate their annual income tax liability under both the New Tax Regime and Old Tax Regime. Whether you are a salaried employee, freelancer, consultant, business owner, or self-employed professional, this calculator provides accurate tax estimates based on your annual income, age group, and eligible deductions.
The calculator is designed to simplify tax planning by showing your taxable income, total tax payable, health and education cess, monthly TDS, and a detailed tax breakdown. It allows you to compare both tax regimes and choose the option that helps you save more.
An Income Tax Calculator is an online financial tool used to estimate the amount of income tax payable based on your annual income and applicable deductions. It helps taxpayers understand their tax obligations before filing returns and supports better financial planning.
Instead of manually calculating tax using slab rates and deduction formulas, an online calculator provides instant and accurate results with minimal effort.
This calculator uses the latest tax slab structures applicable under both the New Tax Regime and Old Tax Regime. Based on the details entered, it automatically calculates:
Select either the New Tax Regime or Old Tax Regime depending on your preference.
The New Tax Regime generally offers lower tax rates with fewer deductions, while the Old Tax Regime allows multiple exemptions and deductions that may reduce taxable income.
Enter your total annual income before tax deductions. This should include salary, bonuses, allowances, and any other taxable income.
Choose your applicable age category:
Tax exemptions and slab benefits may vary based on age group.
If using the Old Tax Regime, enter applicable deductions such as:
The calculator instantly displays your:
The New Tax Regime offers simplified tax calculations with reduced tax rates. It is suitable for taxpayers who do not claim multiple deductions or exemptions.
It provides:
It is ideal for individuals who prefer straightforward tax filing with fewer investment-linked deductions.
The Old Tax Regime allows taxpayers to claim various deductions and exemptions that significantly reduce taxable income.
This regime is beneficial for individuals with:
Choosing the right tax regime can significantly impact your annual savings.
Comparing both options helps determine:
Effective tax planning helps individuals legally reduce tax liability while maximizing savings and investments.
By understanding your taxable income early, you can:
Taxpayers under the Old Tax Regime can claim deductions under several sections:
Incorrect tax estimation can result in underpayment, overpayment, compliance issues, and penalties.Accurate calculations ensure smooth tax filing and better financial management.
Understanding monthly TDS deductions helps salaried individuals manage take-home salary expectations and avoid surprises during payroll processing.
Use our free Income Tax Calculator to compare tax regimes, estimate deductions, understand tax liability, and make informed financial decisions.
Enter your income details, select the applicable regime, and get your tax calculation instantly.
Our tool is updated with the latest 2026-27 Finance Act changes. It automatically calculates:
Annual Gross Income: ₹12,00,000
Standard Deduction: ₹75,000
Taxable Income: ₹11,25,000
Total Tax: ₹52,500
Health & Education Cess (4%): ₹2,100
Total Tax Payable: ₹54,600
Monthly TDS: ₹4,550
Annual Income: ₹12,00,000
Total Deductions: ₹2,95,000
Taxable Income: ₹9,05,000
Total Tax: ₹93,500
Cess (4%): ₹3,740
Final Tax Payable: ₹97,240