Online Income Tax Calculator
Compare your tax liability under the New Tax Regime vs. Old Tax Regime with standard deductions, 80C, 80D, and HRA exemptions.
New vs Old
Side-by-SideRebate 87A
Up to ₹7 Lakhs / ₹7.75L100%
Free & AccurateYou save approximately ₹15,600 with the New Regime.
An online Income Tax Calculator is an indispensable personal finance and taxation utility designed to estimate individual tax liability across financial years. Utilizing an interactive Income Tax Calculator enables salaried employees, freelancers, and business professionals to evaluate side-by-side tax savings between the New Tax Regime and Old Tax Regime before filing annual ITR returns.
Table of Contents
1. New Tax Regime vs. Old Tax Regime Comparison
The New Tax Regime provides reduced slab tax rates with a streamlined structure and enhanced standard deduction of ₹75,000, while the Old Tax Regime allows extensive itemized deductions including Section 80C (PPF, ELSS, EPF up to ₹1.5 Lakh), Section 80D medical insurance, and HRA exemptions. In accordance with digital tax guidance on Google Search Central, using a client-side Income Tax Calculator gives taxpayers instant clarity on which regime yields maximum take-home salary.
2. Standard Deductions and Slabs in an Income Tax Calculator
Our real-time Income Tax Calculator factors in official slab schedules:
- New Regime Slabs: ₹0–₹3L (0%), ₹3L–₹7L (5%), ₹7L–₹10L (10%), ₹10L–₹12L (15%), ₹12L–₹15L (20%), Above ₹15L (30%).
- Old Regime Slabs: ₹0–₹2.5L (0%), ₹2.5L–₹5L (5%), ₹5L–₹10L (20%), Above ₹10L (30%).
- Health & Education Cess: A mandatory 4% cess is applied on calculated tax across both frameworks.
3. Section 87A Tax Rebates and Zero-Tax Thresholds
Under Section 87A, salaried taxpayers earning up to ₹7,75,000 (after the ₹75,000 standard deduction) incur zero net tax under the New Regime. In contrast, the zero-tax threshold in the Old Regime stands at ₹5,00,000 of net taxable income.
4. Frequently Asked Questions (FAQs)
Can I switch between Old and New Tax Regimes every year?
Salaried individuals without business income can freely switch between the Old and New Regimes each financial year at the time of filing their ITR.
Is this online Income Tax Calculator free to use?
Yes. The Income Tax Calculator is 100% free with unlimited computations and processes all sensitive financial figures locally in your web browser.
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