New regime vs old regime
The new regime has lower slab rates but almost no deductions, while the old regime has higher rates offset by deductions like 80C, 80D, HRA and home-loan interest. This calculator computes both on your numbers and tells you which is cheaper — the answer depends entirely on how much you can deduct.
What's included
The figures apply the §87A rebate with marginal relief, surcharge (with marginal relief) for higher incomes, and the 4% health & education cess. For business and professional income it supports presumptive taxation under §44AD and §44ADA, and the salaried mode handles the standard deduction and common tax-free components.
Frequently asked questions
Which regime should I choose?
Enter your income and your deductions — if you claim large 80C/80D/HRA/home-loan amounts the old regime often wins; with few deductions the new regime usually does.
Is the §87A rebate included?
Yes, including marginal relief, so incomes just above the rebate threshold are handled correctly.
Does it cover business and freelancers?
Yes — switch to Business or Professional for presumptive (44AD/44ADA) or actual-profit calculations.
Can I file my taxes with this?
No. It's an estimate to help you plan; always confirm with a CA or the official portal before filing.
Related tools
This tool gives estimates for general information only and is not financial advice. Confirm exact figures with your bank, lender or a qualified advisor.