Old vs New Tax Regime Calculator

Comparing both tax regimes takes less than a minute:

1. Enter your annual income from salary, business, or other sources.
2. Enter your eligible deductions such as Section 80C, 80D, HRA, and home loan interest.
3. Click Calculate to instantly see your tax liability under both the old and new regimes side by side.
4. The calculator highlights which regime results in lower tax, along with the exact amount you save.

This comparison helps you make an informed choice before selecting your tax regime for the financial year.

India currently offers taxpayers a choice between two tax regimes:

• Old Tax Regime — Has higher slab rates but allows numerous deductions and exemptions such as Section 80C (up to ₹1.5 lakh), HRA, LTA, Section 80D (health insurance), and home loan interest under Section 24(b).
• New Tax Regime — Has lower slab rates but removes most deductions and exemptions, retaining only a few like the standard deduction and employer's NPS contribution.

The right choice depends entirely on how much you can claim in deductions under the old regime compared to the tax savings offered by the new regime's lower rates.

Here's how the slab structures differ between the two regimes for individuals below 60 years:

• New Regime: Nil up to ₹3,00,000; 5% from ₹3,00,001–₹7,00,000; 10% from ₹7,00,001–₹10,00,000; 15% from ₹10,00,001–₹12,00,000; 20% from ₹12,00,001–₹15,00,000; 30% above ₹15,00,000.
• Old Regime: Nil up to ₹2,50,000; 5% from ₹2,50,001–₹5,00,000; 20% from ₹5,00,001–₹10,00,000; 30% above ₹10,00,000.

Note: Slab rates are revised periodically through the Union Budget. Always verify the latest figures on the official Income Tax Department website.

The right regime depends on your specific financial situation:

1. Choose the Old Regime if — You have significant deductions such as a home loan, high HRA claims, life insurance, ELSS investments, or health insurance premiums that together exceed roughly ₹3.5–4 lakh.
2. Choose the New Regime if — You have minimal deductions, prefer a simpler tax filing process, or your total eligible deductions are lower than the threshold where the old regime becomes beneficial.
3. Use a Comparison Tool — Since the break-even point depends on your exact income and deductions, it's best to calculate both and compare directly rather than assuming one is always better.

• Section 80C — Investments in PPF, ELSS, EPF, life insurance premiums, etc. (up to ₹1.5 lakh)
• Section 80D — Health insurance premiums for self and family
• HRA Exemption — For salaried individuals living in rented accommodation
• Home Loan Interest — Under Section 24(b), up to ₹2 lakh for self-occupied property
• LTA — Leave Travel Allowance exemption for eligible travel expenses

Our calculator helps you make a confident decision by allowing you to:

• Instantly compare your exact tax liability under both regimes
• See the precise amount you save by choosing one regime over the other
• Factor in your actual deductions rather than relying on generic advice
• Make an informed choice before declaring your regime to your employer or filing your return