AntokiaIncome Tax Calculator India: Old vs New Regime
Enter your income and deductions to compare tax under the old and new regime, and see which one saves you more. For resident individuals, using slab rates published on the Income Tax Department portal.
Deductions (mainly for old regime)
| Old regime | New regime | |
|---|---|---|
| Gross income | - | - |
| Total deductions | - | - |
| Taxable income | - | - |
| Tax on slabs (after rebate) | - | - |
| Surcharge | - | - |
| Health & education cess (4%) | - | - |
| Total tax | - | - |
| Monthly tax (approx.) | - | - |
This is an estimate for a resident individual. It does not cover capital gains at special rates, income from other sources taxed separately, or other special cases. Rates and rules can change, so verify with the official Income Tax portal or a tax professional before filing.
New Tax Regime Slabs
| Income slab | Rate |
|---|---|
| Up to ₹4,00,000 | Nil |
| ₹4,00,001 to ₹8,00,000 | 5% |
| ₹8,00,001 to ₹12,00,000 | 10% |
| ₹12,00,001 to ₹16,00,000 | 15% |
| ₹16,00,001 to ₹20,00,000 | 20% |
| ₹20,00,001 to ₹24,00,000 | 25% |
| Above ₹24,00,000 | 30% |
Rebate under section 87A of up to ₹60,000 applies if taxable income is up to ₹12,00,000. Salaried taxpayers get a standard deduction of ₹75,000.
Old Tax Regime Slabs (below 60 years)
| Income slab | Rate |
|---|---|
| Up to ₹2,50,000 | Nil |
| ₹2,50,001 to ₹5,00,000 | 5% |
| ₹5,00,001 to ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
Rebate of up to ₹12,500 applies if taxable income is up to ₹5,00,000. The standard deduction is ₹50,000. Senior citizens have a higher basic exemption of ₹3,00,000 and super seniors ₹5,00,000.
Frequently Asked Questions
Which tax regime is better, old or new?
It depends on your deductions. The new regime has lower rates but fewer deductions. If 80C, HRA, home loan interest and 80D together are large, the old regime may save more. Use the comparison above.
Is income up to 12 lakh tax free in the new regime?
For resident individuals, taxable income up to ₹12 lakh gets full rebate under 87A, so tax is nil. With the ₹75,000 standard deduction, salary up to ₹12.75 lakh is effectively tax free.
Which deductions work in the new regime?
Mainly the standard deduction and employer NPS contribution under 80CCD(2). Most other deductions are not available.