New regime has lower rates but fewer deductions. Old regime allows 80C, HRA, etc.

4% health and education cess on total tax amount.

New regime has lower rates but fewer deductions. Old regime allows 80C, HRA, etc.

4% health and education cess on total tax amount.

Income Tax Calculator

Calculate income tax under old and new tax regimes for India.

ComplianceFree

Formula

New Regime: 0-3L: Nil, 3-7L: 5%, 7-10L: 10%, 10-12L: 15%, 12-15L: 20%, 15L+: 30%

Example

Income ₹12L (new regime) → Tax ≈ ₹80,000 + cess.

Frequently Asked Questions