Old vs new tax regime calculator: which saves you more tax?

India offers two ways to calculate income tax: the old regime, which allows many deductions and exemptions, and the new regime, which has different slabs and fewer deductions. Enter your income and deductions, and this calculator compares the tax under both so you can see which is lower for you.

The right choice depends on how much you claim in deductions such as Section 80C investments, home loan interest and HRA. Tax slabs, rebates and the standard deduction are revised in the Union Budget, so use the figures for the year you are filing. This is a planning aid, not tax advice; confirm with a tax professional or the Income Tax Department before you file.

Frequently asked questions

Can I switch between regimes every year?

Salaried individuals can generally choose each year, while people with business income face stricter rules. Check the current provisions for your situation.

Which deductions are lost in the new regime?

Most of the common ones, such as 80C and HRA, are not available under the new regime. The calculator lets you see the effect of dropping them.

Does this include cess and surcharge?

Use the inputs and notes in the tool to see what it includes. If your income is high, confirm the final figure against the official calculator.

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