Income Tax Calculator

Old regime or New regime? See which one actually saves you more this year, and your estimated monthly TDS.

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Simplified estimate

Tax laws change. This calculator uses simplified, last-known slab structures and does not cover surcharge on high incomes, special rates for certain income types, and other provisions. For accurate tax computation, consult a CA (Chartered Accountant) or use the official Income Tax Department calculator at incometax.gov.in.

Gross annual income

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Age category

Tax regime

The new regime offers lower rates but fewer deductions. The old regime allows deductions like 80C, 80D, and HRA but at higher slab rates. We calculate both so you can see which actually saves you more.

Section 80C (PPF, ELSS, LIC, home loan principal)

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Section 80D (health insurance premium)

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HRA exemption

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Home loan interest (Section 24)

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NPS contribution (Section 80CCD)

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Other deductions

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Total tax liability (new regime)

₹71,500

Monthly TDS: ₹5,958 · Effective rate: 6.0%

Taxable income

₹11.25 L

Tax before cess

₹68,750

Education cess (4%)

₹2,750

Old vs New regime

Old regime: ₹1.12 L

New regime: ₹71,500

You save ₹40,300 by choosing the new regime.

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Tax calculations are estimates based on simplified tax slabs. Actual tax liability depends on your complete income, deductions, exemptions, and current Finance Act. Consult a Chartered Accountant for accurate computation. Verify current tax slabs at incometax.gov.in.