Skip to content
Vijay Bhalothia & AssociatesChartered Accountants

Calculator

Income Tax Calculator

Enter your income and the deductions you can actually substantiate, and see both regimes side by side. The regime that wins is decided by one thing: whether your deductions are worth more than the rate difference.

Your income

Interest, rent, capital gains taxed at slab rates.

Are you salaried?

Deductions

These count only under the old regime. The new regime allows the standard deduction alone.

Capped at ₹1,50,000.

Capped at ₹1,00,000.

Use the HRA calculator to work this out.

Self-occupied property, capped at ₹2,00,000.

80CCD(1B), 80E, 80G and the rest.

Recommended

New regime

Saves ₹1,05,300 a year

Based on the figures entered. Confirm against your actual proofs before you elect a regime with your employer.

Old regime

Gross income₹15,00,000
Deductions₹2,25,000
Taxable income₹12,75,000
Tax on slabs₹1,95,000
Health & education cess₹7,800
Total tax payable₹2,02,800
Effective rate on gross13.52%

New regime

Lower
Gross income₹15,00,000
Deductions₹75,000
Taxable income₹14,25,000
Tax on slabs₹93,750
Health & education cess₹3,750
Total tax payable₹97,500
Effective rate on gross6.50%

How to read this

Computed for a resident individual below 60 years of age. The standard deduction is applied only where you indicate salaried income. Under the old regime, Section 80C is capped at ₹1,50,000, 80D at ₹1,00,000, and self-occupied home loan interest at ₹2,00,000.

Surcharge is applied on the slab bands but marginal relief is not modelled, and incomes taxed at special rates — capital gains, lottery winnings and the like — are outside its scope.

Everything is computed in your browser — nothing you type leaves this page. For a computation on your actual facts, talk to us.

Let’s talk about what is actually in front of you.

A notice to answer, an audit to plan, a deal to price, or a compliance calendar that has got away from you — a short conversation usually tells us both whether we fit.

WhatsApp us