Every year, millions of Indians either overpay their taxes or miss deductions they could have claimed. Both cost money. The solution is simple: compute your tax accurately before the year ends.
India now offers two tax regimes. The old regime lets you claim deductions like 80C, 80D, and HRA. The new regime offers lower rates but removes most deductions. The right choice depends on your numbers.
This calculator lets you compute your tax under both regimes and compare the results side by side.
Simplified New Regime Active: ₹50,000 standard deduction is automatically factored in. Itemized deductions (80C, 80D, HRA, Section 24) are forgone in exchange for lower marginal tax slabs.
Review the step-by-step methodology for computing taxes under both regimes.
Enter your gross income including salary, bonuses, and other sources. Enter your HRA exemption, Section 10A exemptions, and professional tax. Then enter deductions: Section 80C (up to Rs 1.5 lakh), Section 80D for health insurance, Section 80CCD for NPS, and Section 24 for home loan interest. You can also protect your dependents with term insurance while maximizing your 80C envelope. The calculator computes your tax with surcharge and 4% cess.
Enter your gross income. The calculator applies the standard deduction and computes your tax under the new slab rates. Fewer fields to fill since most deductions are not available. It offers a seamless, hassle-free filing experience with lower marginal tax brackets across middle-income ranges.
Compare the marginal tax rates applicable across income slabs under the Indian tax system.
If your total deductions exceed Rs 3 to 4 lakh, the old regime usually saves more. If you have few deductions, the new regime's lower rates may be better. Use this calculator to compare your actual numbers.
Explore our tax saving investment options to maximise your deductions under the old regime.
Financial and tax planning advisory across India
Our IRDAI licensed advisors help you plan tax saving investments at the start of the year. We compare ELSS, insurance, NPS, and other options. Over 5 years of experience in financial planning ensures your hard-earned wealth is protected, optimized, and compliant with statutory provisions.
Answers regarding regime selection, available deductions, surcharge slabs, and switching rules
Use the calculator above. For tax saving advice, call 90 90 92 15 15 or contact us. Also explore our retirement plans for additional NPS tax benefits under Section 80CCD.
Disclaimer: Tax rates change with each Finance Act. Verify with a tax professional before making decisions.