Income Tax Calculator India
Estimate your tax liability under both the old and new regime and compare which one saves more.
New regime saves you about ₹117,000 a year on this income. Taxable income is ₹1,000,000 under the old regime (after the ₹50,000 standard deduction and your deductions) and ₹1,125,000 under the new one (after the ₹75,000 standard deduction).
Estimate only. Surcharge on very high incomes is not applied — confirm with your tax adviser before filing.
How to use this tool
- 1Enter your annual income.
- 2Enter your deductions if you are using the old regime.
- 3Compare the results for both regimes side by side.
- 4Read the effective tax rate to see the real cost of each option.
About this tool
Choosing between the old and new tax regime in India depends entirely on your own income and deductions, and the only reliable way to decide is to calculate both. Someone with a home loan, a full 80C investment and health insurance premiums can still come out ahead on the old regime, while someone with few deductions almost always pays less under the new one. This tool runs both calculations at once, applies the standard deduction and the applicable rebate, and shows the difference in rupees rather than in slab percentages. Use it before you declare a regime to your employer at the start of the year, and again before filing, since the better option can change when your deductions do.
Frequently Asked Questions
Does this account for the standard deduction?
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Yes. The standard deduction is applied automatically under both regimes.
Is this a substitute for a tax filing tool?
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No. This is for estimation only — use it to compare regimes, not to file your return.
Does it include cess?
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Yes. The 4% health and education cess is added to the calculated tax under both regimes.