Income Tax Calculator (Old vs New Regime)

Compare your exact tax liability under the New Tax Regime (default) vs the Old Tax Regime side-by-side. Discover which tax regime saves you more money with zero guesswork.

Chartered Accountant Advisory

Recommended Tax Regime for You

New Tax Regime (Section 115BAC)

You will save ₹39,000 in taxes by selecting the New Regime!

New Regime TaxBEST

₹1,09,200

Taxable: ₹13,25,000

Old Regime Tax

₹1,48,200

Deductions: ₹3,00,000

Income & Deductions Details

Total Gross Annual Income (Salary + Other)₹14.00 Lakhs

₹

Age Category

Old Tax Regime Deductions (Chapter VI-A)

Section 80C (Max ₹1.5L)

Section 80CCD(1B) NPS (Max ₹50k)

Section 80D Health (Self ₹25k)

Section 80D (Parents ₹25k–₹50k)

Section 24(b) Home Loan (Max ₹2L)

HRA Exemption (Sec 10(13A))

Side-by-Side Slabs Breakdown

New RegimeSec 115BAC

Gross Income:₹14,00,000

Std Deduction:-₹75,000

Taxable Income:₹13,25,000

Total Tax (inc 4% cess):₹1,09,200

Old RegimeWith Deductions

Gross Income:₹14,00,000

Total Deductions:-₹3,00,000

Taxable Income:₹11,00,000

Total Tax (inc 4% cess):₹1,48,200

New Tax Regime Slab Rates (Budget 2024)

Up to ₹3,00,000Nil

₹3,00,001 to ₹7,00,0005% (Rebate under 87A makes tax ₹0)

₹7,00,001 to ₹10,00,00010%

₹10,00,001 to ₹12,00,00015%

₹12,00,001 to ₹15,00,00020%

Above ₹15,00,00030%