Your income
Your tax
| New | Old |
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An estimate for resident individuals with normal slab income. It does not cover capital gains taxed at special rates, agricultural income or the marginal relief on surcharge in every case. File with a professional check.
The rules this calculator uses
New regime slabs
Up to ₹4 lakh nil; ₹4–8 lakh 5%; ₹8–12 lakh 10%; ₹12–16 lakh 15%; ₹16–20 lakh 20%; ₹20–24 lakh 25%; above ₹24 lakh 30%. Salaried people get a ₹75,000 standard deduction. A rebate makes tax nil up to ₹12 lakh of taxable income, with marginal relief just above it.
Old regime slabs
Up to ₹2.5 lakh nil (₹3 lakh from age 60, ₹5 lakh from 80); ₹2.5–5 lakh 5%; ₹5–10 lakh 20%; above ₹10 lakh 30%. Salaried people get a ₹50,000 standard deduction, and you can claim 80C, 80D, HRA, home-loan interest and other deductions. A rebate makes tax nil up to ₹5 lakh of taxable income.
Surcharge and cess
Surcharge of 10% above ₹50 lakh, 15% above ₹1 crore and 25% above ₹2 crore (37% above ₹5 crore in the old regime only), with marginal relief. A 4% health and education cess is added on top.
Which regime should I choose?
If your deductions are small, the new regime usually wins. If you claim large HRA, home-loan interest and full 80C and 80D, the old regime can still be cheaper. Salaried people can choose each year; business owners can switch back only once, so ask us before you decide.