Free to use
Latest tax slabs
Regime comparison
Find out which tax regime is better for you. Our calculator helps you compare tax liabilities under both old and new regimes to make an informed decision.
Gross income before deductions
Section 80C, 80D, HRA, etc. (applicable in old regime only)
The Income Tax Act offers two tax regimes with different slab rates and deduction provisions:
Higher tax rates but multiple deductions available
Section 80C, 80D, HRA, standard deduction, etc. available
Different slabs for different age groups
Usually beneficial for those with high deductible investments
Lower tax rates but most deductions not available
More tax slabs for smoother tax progression
Same slabs irrespective of age group
Usually beneficial for those with fewer investments
Our income tax calculator helps you understand your tax liability and make the right choice between old and new tax regimes based on your specific financial situation.
Instantly compare tax liability under both old and new tax regimes to see which one provides the most tax savings for your specific situation.
Our calculator is updated with the latest tax slabs including the changes introduced in recent Union Budgets for both regimes and all age categories.
Get personalized recommendations on which tax regime to choose based on your income and deductions, potentially saving thousands in taxes.
Follow these simple steps to calculate and compare your income tax liability:
1
Enter Basic Details
Select the applicable financial year, age group, and tax regime (old or new) you want to calculate for.
2
Input Income & Deductions
Enter your total income and applicable deductions (for old regime) to get an accurate tax calculation.
3
Compare Results
View a side-by-side comparison of your tax liability under both regimes and see which one is more beneficial for you.
The old tax regime has higher tax rates but allows for multiple deductions (like 80C, 80D, HRA, etc.). The new regime has lower tax rates and more slabs but eliminates most deductions and exemptions. You need to choose which works better for your situation.
If you claim substantial deductions (housing loan, investments, insurance, etc.), the old regime might be beneficial. If you have fewer deductions, the new regime with its lower tax rates might result in lower tax liability. Our calculator helps you compare both scenarios.
Tax slabs are typically revised in the Union Budget presented each year. Our calculator is updated with the latest tax slabs as announced in the most recent budget for both old and new tax regimes.
Yes, individuals with salary income can choose different tax regimes each year. However, individuals with business income who opt for the new regime must stick with it for a certain period. It's advisable to calculate your tax under both regimes before making a decision.
IT Professional, Pune