Indian Income Tax Calculator

Compare Old vs New tax regime and estimate deductions under 80C, 80D, and HRA exemption.

Annual Income (₹)

80C Deductions (max ₹1.5L)

80D Health Insurance (max ₹1L)

Other Deductions (₹)

Include HRA exemption

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Frequently Asked Questions

Which tax regime is better for me?

It depends on your income and the deductions you are eligible for. If your deductions under the Old Regime are substantial (typically over ₹2.5 - 3.75 lakhs), it might be more beneficial. This calculator is designed to help you make that comparison easily.

Is the New Tax Regime mandatory?

For FY 2023-24 onwards, the New Tax Regime is the default option. However, taxpayers still have the option to switch to the Old Tax Regime if they find it more advantageous.

What is the tax rebate under Section 87A for FY 2023-24?

Under the New Regime, if your taxable income is up to ₹7,00,000, you are eligible for a full tax rebate, meaning you pay zero tax. Under the Old Regime, the rebate is applicable for taxable income up to ₹5,00,000.

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