Old Tax Regime
The traditional system allowing for various deductions and exemptions (80C, 80D, HRA, etc.). Ideal for those with significant investments and home loans.
Instruction: List your total annual income and eligible deductions to see your liability.
New Tax Regime
The simplified system with lower tax rates but fewer exemptions. Now the default regime with a higher standard deduction for the current financial year.
Instruction: Enter your gross salary to compare the net tax impact side-by-side.
Financial Year Income Tax Estimator
Use this side-by-side comparison tool to determine which regime saves you more money based on your specific financial profile.