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HomeCalculatorIncome Tax Calculator (Old vs New Regime)

Income Tax Calculator (Old vs New Regime)

Financial year
Age group (affects Old regime slabs only)
Gross annual salary income
₹
Income from other sources
₹

These deductions apply only to the Old regime. The New regime applies only the standard deduction (₹75,000).

Section 80C (PPF, ELSS, life insurance, etc.)
₹
Section 80D (health insurance premium)
₹
Section 80CCD(1B) (additional NPS)
₹
HRA exemption
₹
Home loan interest — Section 24(b)
₹
Section 80TTA (savings interest)
₹
Other deductions (80G, 80E, etc.)
₹

New regime saves you ₹1,63,800 per year.

Old Regime

Taxable income₹11,50,000
Tax before cess₹1,57,500
Rebate (Sec 87A)₹0
Surcharge₹0
Health & Education cess₹6,300
Total tax₹1,63,800
Effective tax rate13.65%
Est. monthly in-hand₹86,350
Recommended

New Regime

Taxable income₹11,25,000
Tax before cess₹0
Rebate (Sec 87A)- ₹52,500
Surcharge₹0
Health & Education cess₹0
Total tax₹0
Effective tax rate0.00%
Est. monthly in-hand₹1,00,000

Tax paid vs. take-home

Tax
Take-home

Slab-wise computation

Income slabRateTaxable amountTax
₹0 - ₹4.00L0%₹4,00,000₹0
₹4.00L - ₹8.00L5%₹4,00,000₹20,000
₹8.00L - ₹12.00L10%₹3,25,000₹32,500
₹12.00L - ₹16.00L15%₹0₹0
₹16.00L - ₹20.00L20%₹0₹0
₹20.00L - ₹24.00L25%₹0₹0
Above ₹24.00L30%₹0₹0