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Indian Income Tax Calculator

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

Key Features

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Clear figures with a breakdown of how they were reached

Runs in the browser, so the amounts you enter stay on your device

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.
How close will this be to my bank's figure?
Close, but rarely identical. Lenders apply their own rounding, fees, insurance and day-count conventions, so treat the result as a well-informed estimate rather than a quote.
Do my numbers leave my device?
No. The arithmetic runs in your browser, so the amounts you type are never sent to us or stored anywhere.
Is this financial advice?
No. It is a calculator for exploring scenarios. Decisions about loans, tax or investments warrant a qualified adviser who knows your full position.

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