Old vs New Tax Regime Salary Calculator (India)
This Old vs New Tax Regime Calculator helps you compare how much income tax you would pay under India’s old and new tax regimes based on your annual taxable salary. It shows the tax difference between both regimes and helps you understand which option results in lower tax liability, making salary planning and decision-making easier.
Old vs New Tax Regime Salary Calculator
Compare income tax under old and new regimes to choose the better option.
What This Old vs New Tax Regime Calculator Does
This calculator compares income tax payable under the old tax regime and the new tax regime using your annual salary. It calculates tax separately for each regime, applies applicable rebates and cess, and highlights which regime is more beneficial based on lower tax outgo.
The tool is designed for salaried individuals who want a quick and clear comparison without manually calculating tax slabs.
How to Use the Old vs New Tax Regime Calculator
Enter your annual taxable salary.
Click the Calculate button.
View tax payable under both regimes and see which one saves more tax.
Who Should Use This Calculator
Salaried employees choosing between tax regimes
Job seekers evaluating salary offers
Individuals planning yearly tax payments
Professionals estimating take-home salary impact
Difference Between Old and New Tax Regime
The old tax regime allows various deductions and exemptions such as HRA and Section 80C but has higher tax rates.
The new tax regime offers lower tax rates but removes most deductions and exemptions.
This calculator focuses on salary-based tax comparison and helps you decide which regime suits your income level better. Read Income Tax Department – New & Old Tax Regime Guidelines
Important Notes & Assumptions
This calculator provides an estimate based on income entered.
It assumes standard salary income only.
Deductions and exemptions under the old regime are not customised.
Health and Education Cess is included in calculations.
Actual tax payable may vary based on individual tax filings.
Why Comparing Tax Regimes Is Important
Choosing the right tax regime can significantly affect your annual savings. A regime that looks beneficial on paper may not always result in lower tax after considering exemptions and rebates.
By comparing both regimes side by side, you can make a more informed decision and avoid choosing an option that increases your tax burden unnecessarily.
FAQ(Frequently asked questions)
Which tax regime is better for salaried employees?
It depends on income level and available deductions. This calculator helps compare both.
Does this calculator include deductions under the old regime?
It provides a general comparison and does not customise deductions.
Is cess included in both regime calculations?
Yes, Health and Education Cess is included.
Can I switch tax regimes every year?
Yes, salaried individuals can choose a regime each financial year.
Is this calculator applicable for business income?
No, it is meant only for salary income.