Income Tax Calculator
Compare Old vs New tax regimes with all deductions, exemptions, and surcharges.
Share:
₹2,50,000₹1,00,00,000
₹0₹1,50,000
₹0₹1,00,000
Old Regime Tax
₹1,11,800
New Regime Tax
₹75,400
New regime saves ₹36,400
Tax Comparison Breakdown
Old RegimeNew Regime
Gross Income₹12,00,000₹12,00,000
Deductions₹225000₹50,000
Tax Payable₹1,11,800₹75,400
How is this calculated?
The calculator compares India's Old and New tax regimes side-by-side. Old regime allows extensive deductions (80C, 80D, HRA, home loan interest) with higher tax rates. New regime has lower rates but minimal deductions (only standard deduction of ₹50,000). Results include 4% Health & Education Cess and applicable rebate under Section 87A.