Income Tax Calculator

Select your financial year and income details to estimate your tax liability under the Indian income tax slabs for both regimes.

₹1 Lakh₹50 Lakh

Old Regime Deductions

Max limit ₹1.5 Lakh

Regime Comparison

🎉 You save ₹96,200 under the New Regime!

New Tax Regime

Recommended
Gross Income:₹12,00,000
Standard Deduction:-₹75,000
Taxable Income:₹11,25,000
Tax before Rebate:₹52,500
Rebate (Section 87A):-₹52,500
Health & Education Cess (4%):₹0
Total Tax:₹0

Old Tax Regime

Gross Income:₹12,00,000
Total Deductions:-₹3,00,000
Taxable Income:₹9,00,000
Tax before Rebate:₹92,500
Rebate (Section 87A):-₹0
Health & Education Cess (4%):₹3,700
Total Tax:₹96,200

New Regime Slab Breakdown

Income BracketTax RateTax Charged
₹0L - ₹4L0%₹0
₹4L - ₹8L5%₹20,000
₹8L - ₹12L10%₹32,500

Old Regime Slab Breakdown

Income BracketTax RateTax Charged
₹0L - ₹2.5L0%₹0
₹2.5L - ₹5L5%₹12,500
₹5L - ₹10L20%₹80,000
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What the Income Tax Calculator does

Compare tax liability under the Old vs New Tax Regimes in India with slabs.

Select your financial year and income details to estimate your tax liability under the Indian income tax slabs for both regimes.

Income Tax Calculator is designed to turn a repeated decision or calculation into a fast, reliable workflow. It runs in the browser, so you can check values, compare scenarios, and refine inputs without sharing data with a remote service.

How to use it

  1. Enter the values that describe your situation as accurately as possible.
  2. Choose the mode, unit, or scenario that matches your use case.
  3. Review the main output first, then check any breakdowns or alternate results.
  4. Adjust the inputs if you want to compare different outcomes side by side.

Why this page is useful

This type of tool is most useful when you need to compare repayment options, budget for future costs, or test how changes in rate and tenure affect the final result.

That makes the Income Tax Calculator useful for planning, validation, and quick decision-making. If you are comparing options, the tool helps surface the difference between a rough estimate and a more defensible number. If you are validating a result from another source, it gives you a fast second check without leaving the page.

Tips and checks

  • Keep units consistent: Mixing metric and imperial inputs is one of the easiest ways to get misleading results.
  • Use realistic assumptions: Small changes in rates, time, or totals can significantly affect the outcome.
  • Compare more than one scenario: The best use of a calculator is often not one answer, but a range of answers.

Frequently asked questions

Common questions

  • What is the difference between Old and New Regimes? The Old Regime offers various exemptions (80C, HRA, LTA) with higher rates, while the New Regime has lower rates but eliminates most exemptions.

When you are done, compare the output with your own expectations and, if needed, a second source. That extra check matters most when the result influences money, health, scheduling, or any decision that has real consequences.

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Frequently Asked Questions

Q.What is the difference between Old and New Regimes?

The Old Regime offers various exemptions (80C, HRA, LTA) with higher rates, while the New Regime has lower rates but eliminates most exemptions.