Indian Tax Engine

Income Tax Calculator (Old vs New Regime)

Compare tax liabilities side-by-side using Form 16 salary components, capital gains (AIS), interest income, and prepaid TDS.

1Salary Details (Form 16 Part B)

Gross Annual Salary (₹)

Basic Salary per Year (₹)

HRA Received per Year (₹)

Actual Rent Paid per Year (₹)

City Type for HRA Exemption:

Equity LTCG (₹) [12.5% Tax]

Equity STCG (₹) [20% Tax]

FD Interest Income (₹)

Savings Bank Interest (₹)

Debt Mutual Fund / Bond Gains (₹)

Dividend Income (₹)

Section 80C (EPF, ELSS, PPF) [Max 1.5L]

Section 80D Health Insurance (₹)

Section 80CCD(1B) NPS [Max 50k]

Section 24(b) Home Loan Interest [Max 2L]

TDS Deducted by Employer / Banks (₹)

TCS Collected (Foreign Remittance/Car) (₹)

Recommended Regime

Saves you ₹87,131 in total tax liability!

COMPONENTOLD REGIMENEW REGIME

Gross Incomes₹20,75,000₹20,75,000

Std. Deduction-₹50,000-₹75,000

HRA Exemption-₹1,50,000N/A

Chapter VI-A (80C, D)-₹2,37,400N/A

Taxable Slab Income₹14,37,600₹18,00,000

Slab Tax Liability₹2,43,780₹1,60,000

Equity Gains Tax₹13,125₹13,125

4% Health & Cess₹10,276₹6,925

Gross Tax Due₹2,67,181₹1,80,050

Prepaid Taxes (TDS + TCS):-₹1,80,000

Net Pending / (Refund):

Old: ₹87,181

New: ₹50

Note: Calculations incorporate latest Budget updates (Standard Deduction ₹75,000 for New Regime, Section 87A rebate limits, and Equity LTCG rates).