Income Tax Calculator
Compare your tax under the new and old regimes and see which one saves you more.
Deductions (old regime only)
How It Is Calculated
The formula behind the numbers.
New regime slabs
| Taxable income | Rate |
|---|---|
| Up to ₹4 lakh | Nil |
| ₹4 – 8 lakh | 5% |
| ₹8 – 12 lakh | 10% |
| ₹12 – 16 lakh | 15% |
| ₹16 – 20 lakh | 20% |
| ₹20 – 24 lakh | 25% |
| Above ₹24 lakh | 30% |
₹75,000 standard deduction for salaried. Section 87A rebate makes tax nil up to ₹12 lakh taxable income (with marginal relief just above).
Old regime slabs (below 60)
| Taxable income | Rate |
|---|---|
| Up to ₹2.5 lakh | Nil |
| ₹2.5 – 5 lakh | 5% |
| ₹5 – 10 lakh | 20% |
| Above ₹10 lakh | 30% |
₹50,000 standard deduction for salaried. Exemption limit is ₹3 lakh for ages 60–79 and ₹5 lakh for 80+. Rebate makes tax nil up to ₹5 lakh taxable income.
Tax Calculator FAQs
Common questions answered.
Which regime is better for me?
The new regime usually wins if your deductions are small. If you claim large deductions — 80C, 80D, HRA and home loan interest — the old regime may save more. Use the calculator to compare.
Does this include surcharge?
No. Surcharge on income above ₹50 lakh and special-rate income such as capital gains are not included. Figures are indicative.
Can salaried people switch regimes every year?
Yes. Salaried individuals without business income can choose the regime each year while filing their return.
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