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Compare Old vs New Tax Regime (Sec 115BAC) side-by-side with statutory slabs, rebates, and deductions.
The New Regime provides lower statutory slab rates and standard deduction of ₹75,000 without requiring investments in 80C.
Enter your annual gross earnings before tax deductions
* Use negative sign (e.g. -200000) for home loan interest deduction under Section 24(b).
Mainly applicable under the Old Tax Regime (except Employer NPS)
Statutory line-item breakdown between both regimes
| Computation Parameter | Old Regime | New Regime (115BAC)Recommended |
|---|---|---|
| Gross Total Income | ₹12,35,000 | ₹12,35,000 |
| Standard Deduction (Salaried) | (-) ₹50,000 | (-) ₹75,000 |
| Chapter VI-A Deductions (80C, 80D, etc.) | (-) ₹2,35,000 | (-) ₹0 |
| Net Taxable Income | ₹9,50,000 | ₹11,60,000 |
| Basic Tax (as per Slabs) | ₹1,02,500 | ₹74,000 |
| Section 87A Tax Rebate | (-) ₹0 | (-) ₹0 |
| Surcharge (if applicable) | ₹0 | ₹0 |
| Health & Education Cess (4%) | ₹4,100 | ₹2,960 |
| Total Net Tax Payable | ₹1,06,600 | ₹76,960 |
| Estimated Annual Take-Home Income | ₹11,28,400 | ₹11,58,040 |
Have our expert Chartered Accountants review your Form 16, AIS, and capital gains to ensure zero notice risk and claim every eligible deduction.