Income Tax Calculator – Old vs New Tax Regime (India)
Use this advanced income tax calculator to calculate your tax liability under the Old and New tax regimes as per Indian income tax slabs. This calculator includes standard deduction and health & education cess.
Taxable Income: ₹ 0
Income Tax: ₹ 0
Health & Education Cess (4%): ₹ 0
Total Tax Payable: ₹ 0
What is Income Tax?
Income tax is a tax imposed by the Government of India on the income earned by individuals and businesses. The tax is calculated based on applicable tax slabs.
Old vs New Tax Regime
The old tax regime allows deductions and exemptions, while the new tax regime offers lower tax rates with fewer deductions.
Which Tax Regime is Better?
The choice depends on your income level and eligible deductions. This calculator helps you compare tax under both regimes.