Income Tax Calculator – Old vs New Regime
This Income Tax Calculator helps you estimate your payable tax under the New Tax Regime or compare it with the Old Tax Regime based on your annual income. It follows the latest income tax slabs applicable in India.
How This Income Tax Calculator Works
Enter your annual taxable income and choose the display mode. In Current Mode, the calculator shows tax payable under the New Regime. In Compare Mode, it displays tax under both regimes along with the difference, helping you identify the better option.
Who Should Use This Tax Calculator?
- Salaried employees comparing tax regimes
- Freelancers and self-employed professionals
- Students and individuals planning future taxes
Benefits of Comparing Old vs New Tax Regime
- Helps choose the most tax-efficient regime
- Provides monthly and yearly tax estimates
- Reduces calculation errors and saves time