Old vs New Tax Regime Calculator
Make Informed Tax Decisions
The Old vs. New Tax Regime Calculator helps Indian taxpayers compare potential tax liabilities under both systems. By inputting gross income and deductions, this tool evaluates which regime could result in lower tax outgo. Whether you are a salaried individual or a self-employed professional, this calculator simplifies your tax planning by offering a clear side-by-side comparison based on current income tax slab rates.
Why Use the Old vs New Tax Regime Calculator?
Compare Tax Liabilities Instantly
See how your taxes differ under both regimes.
Choose the Right Regime
Understand which option aligns better with your income and deductions.
Save Time and Errors
Avoid manual calculations and complex tax rules.
Support Goal-Oriented Financial Planning
Align your tax strategy with long-term financial objectives.
Importance and Benefits of the Old vs New Tax Regime Calculator
Promotes Better Tax Planning
Helps in making data-backed choices during ITR filing.
Considers Deductions for Old Regime
Calculates tax based on valid exemptions.
Illustrates Net Savings
Shows the absolute difference in taxes paid under both structures.
Updated with Current Slabs
Ensures compliance with the latest Income Tax rules.
When to Use This Calculator?
Before Filing Your Income Tax Return (ITR)
During Annual Salary Structuring
When Making Investment Decisions for 80C, 80D
At the Start of the Financial Year, to Plan Saving Investments
How to Use the Old vs New Tax Regime Calculator?
Follow these simple steps to calculate the average price of your stock purchases:
Enter Your Gross Annual Income
Total pre-tax income, including salary, business income, etc.
Input All Eligible Deductions
Include 80C, 80D, HRA, Standard Deduction, LTA, etc.
Click Calculate
View your tax under both regimes.
Compare Results
Choose the regime that helps optimise your tax outgo.
Key Terms You Should Know
Gross Income
Total annual earnings before tax.
Taxable Income
Income after subtracting deductions (Old Regime).
Section 80C/80D
Income Tax sections allowing deductions on investments and insurance.
Standard Deduction
A flat ₹50,000 deduction for salaried individuals.
Income Tax Slabs
Rate brackets applied based on income levels.
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