Tax

Income Tax Calculator

Your tax under both regimes for the current financial year, side by side.

Gross annual income

₹15 L

₹0₹15,00,000₹50 Cr

Deductions (80C, 80D, HRA…)

₹2 L

₹0₹2,00,000₹50 L

Only usable under the old regime.

Tax under the new regime

₹97,500

New regime tax: ₹97,500
Old regime tax: ₹1,95,000
New regime saves you: ₹97,500
Effective tax rate: 6.50%
Monthly take-home: ₹1,16,875

What this means.The new regime wins here. You would need deductions above roughly ₹5,43,750 for the old regime to catch up.

View the full breakdown (9 rows) →

	New regime	Old regime
Gross income	₹15,00,000	₹15,00,000
Standard deduction	₹75,000	₹50,000
Other deductions	₹0	₹2,00,000
Taxable income	₹14,25,000	₹12,50,000
Tax before rebate	₹93,750	₹1,87,500
Section 87A rebate	₹0	₹0
Surcharge	₹0	₹0
Health & education cess	₹3,750	₹7,500
Total tax	₹97,500	₹1,95,000

Worth knowing.Results are estimates based on the assumptions you enter. Actual outcomes depend on the exact terms offered to you, the compounding convention your institution uses, and tax law as it applies to your situation. Nothing here is personalised advice.

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