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Income tax: new vs old regime

Compare your income tax under the new and old regimes and see which saves more.

What you enter

  • Gross salary per year
  • Other income (interest, rent after deductions)
  • Salaried or pensioner?
  • Age
  • 80C: EPF, PPF, ELSS, insurance (old regime)
  • 80D: health insurance premiums (old regime)
  • HRA exemption (old regime)
  • Home loan interest, self-occupied (old regime)
  • 80CCD(1B): own NPS contribution (old regime)
  • Other deductions: 80E, 80G, 80TTA (old regime)

How this is calculated

  • New regime: taxable = gross − ₹75,000 (salaried). Old regime: taxable = gross − ₹50,000 (salaried) − deductions.
  • Tax is calculated slab by slab. Rebate u/s 87A: new regime up to ₹60,000 when taxable ≤ ₹12 lakh (with marginal relief just above); old regime up to ₹12,500 when taxable ≤ ₹5 lakh.
  • Surcharge above ₹50 lakh (10%), ₹1 crore (15%), ₹2 crore (25%) and, in the old regime only, ₹5 crore (37%), with marginal relief. Cess = 4% of tax + surcharge.

More in this category

⌂ HRA exemption⇡ Capital gains tax (equity)% GST

These calculators show illustrative outcomes only. Returns are not guaranteed. Tax rules and rates change; verify them before acting. Nothing here is financial, tax or legal advice.