Compare India’s Old and New Income Tax Regimes

Use this calculator to organise salary, eligible deductions, other income and tax already paid, then compare an estimate under both regimes. Your result depends on the financial year, income classification, eligibility rules and the information you enter.

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:

2Other Incomes & Capital Gains (Form 26AS / AIS)

Equity LTCG (₹) [12.5% Tax]

Equity STCG (₹) [20% Tax]

FD Interest Income (₹)

Savings Bank Interest (₹)

Debt Mutual Fund / Bond Gains (₹)

Dividend Income (₹)

3Old Regime Deductions (Chapter VI-A)

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]

4Prepaid Taxes (TDS / TCS Paid)

TDS Deducted by Employer / Banks (₹)

TCS Collected (Foreign Remittance/Car) (₹)

Recommended Regime

NEW TAX 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).

How to use the tax calculator

Keep your Form 16, salary slips and details of eligible deductions ready.
Reconcile TDS and other tax credits against Form 26AS and the Annual Information Statement (AIS).
Enter capital gains and other income separately where the calculator provides those fields.
Compare the estimates, then verify eligibility, special-rate income and the applicable financial-year rules before filing.

Important limitations

This tool provides an estimate for planning and comparison; it is not a tax filing service or professional tax advice. Tax rules and thresholds can change, and special cases may not be fully represented. Confirm calculations with the current Income Tax Department guidance or a qualified tax professional before submitting your return.