Income Tax Calculator – Compare Old vs New Tax Regimes Instantly
Calculate your taxable income and compare your total tax payable under the Old and New Tax Regimes to identify which tax structure saves you more money.
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₹71,500
₹1,11,800
• New Regime includes ₹75,000 standard deduction and Section 87A full rebate up to ₹7,00,000.
• Old Regime includes ₹50,000 standard deduction + Section 80C/80D declared deductions.
What is an Income Tax Calculator?
An Income Tax Calculator is an online tool that computes your income tax liability based on your gross salary, age, eligible deductions (80C, 80D, HRA, home loan interest), and chosen tax regime.
- 100% Free with zero hidden calculation fees
- Aligned with verified RBI & statutory tax models
- Instant amortization and compounded corpus outputs
- No login or personal financial information required
How to Use Income Tax Calculator
Streamline your personal financial planning with an easy, automated process — calculate, plan, and achieve your financial targets.
Enter Gross Annual Income
Input your total yearly earnings from salary, business, or other sources.
Input Deductions & Exemptions
Enter investments in 80C, 80D health insurance, HRA, and NPS.
Compare Regimes
Instantly view tax payable under both regimes and pick the optimal option.
Tax Calculation Methodology
Tax is computed by applying progressive slab rates to Net Taxable Income (Gross Income minus standard deduction and eligible Chapter VI-A deductions), followed by 4% Health & Education Cess.
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Frequently Asked Questions
Get clear answers about Income Tax Calculator calculations, interest components, and eligibility terms.