Income Tax Regime Comparison Calculator
Compare your tax liability under the Old Regime and New Regime of Indian Income Tax to pick the optimal choice.
Tax Regime Head-to-Head
Compare the tax structures under both regimes to make an informed filing choice:
Old Regime Tax
Calculated tax liability after deducting investments like 80C, HRA, and health insurance.
New Regime Tax
Tax liability with simplified lower tax slabs and fewer exemption claims.
Net Savings
The difference between the two regime taxes, highlighting the cheaper option.
How is it calculated?
Tax = \sum (Income\,in\,Slab \times Slab\,Rate)Tax is calculated by dividing taxable income (after standard deductions and exemptions) into respective tax slabs and applying the slab rates.
Worked Examples
Tax Comparison for ₹12 Lakh Annual CTC
Under the New Regime, standard deductions apply. Under the Old Regime, you can claim 80C, 80D, and HRA exemptions. Compare the net tax side-by-side to save maximum money.
Exemptions Impact
If you have deductions exceeding ₹3.75 Lakhs (80C, 80D, HRA, Home Loan Interest), the Old Regime is often more beneficial.
Frequently Asked Questions
Can I switch between the Old and New tax regimes every year?
What is the standard deduction for salaried employees?
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Results are estimates and should not be considered financial advice.