Income Tax Calculator
Compare New vs Old regime tax liability instantly.
Slab-wise Breakdown
| Slab | Rate | Tax |
|---|---|---|
| Calculating… | ||
These calculators are provided for general informational and educational purposes only and do not constitute financial, tax, or legal advice. Results are estimates only. Please consult a qualified financial professional before making any financial decisions.
New Regime vs Old Regime
The New Regime offers lower slab rates but drops most itemized deductions except the standard deduction. The Old Regime keeps higher rates but allows deductions like 80C, 80D, and HRA - which regime is cheaper depends entirely on how much you can actually claim.
Frequently Asked Questions
Which regime should I choose?
If you claim significant deductions (80C, 80D, HRA), the Old Regime may work out cheaper. If you claim few or no deductions, the New Regime's lower slab rates usually win - compare both using this calculator.
What is the Section 87A rebate?
It zeroes out tax liability entirely for taxable income at or below a threshold that differs by regime, so many taxpayers below that line pay no tax at all despite falling into a taxed slab.