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Income Tax Estimator (New Regime)

Rough calculation of your tax outgo under the new regime slabs, including cess. Rounded and simplified - always cross-check before filing.

Tax · India · Old vs New Regime

Income Tax Comparator

Compare your tax liability under both old and new regimes. Enter your income and deductions to see which one saves you more.

You Save57,200✅ New Regime is Better

Income & Deductions

Annual Gross Income

Total salary + bonus + other income

₹ 12,00,000

Tax-Free Meal Vouchers

Food coupons (Sodexo, Pluxee, Slice) - exempt under both regimes

₹ 0

Exemption is ₹200/meal (up to ₹400/day or ₹1,05,600/year for 22 working days/mo).

Old Regime Deductions

These only apply under the old regime.

Standard Deduction (auto)50,000
Total Old Regime Deductions2,25,000

Rounded estimates. Cross-check before filing.

Regime Comparison

Old Regime

Gross Income₹ 12,00,000
Total Deductions₹ 2,25,000
Taxable Income₹ 9,75,000
Base Tax₹ 1,07,500
Cess @ 4%₹ 4,300
Total Tax₹ 1,11,800
Effective Rate11.5%

New Regime

BETTER
Gross Income₹ 12,00,000
Std. Deduction₹ 75,000
Total Deductions₹ 75,000
Taxable Income₹ 11,25,000
Base Tax₹ 52,500
Cess @ 4%₹ 2,100
Total Tax₹ 54,600
Effective Rate4.9%

Old Regime Slabs

  • • ₹0 to ₹2,50,000: 0%
  • • ₹2,50,000 to ₹5,00,000: 5%
  • • ₹5,00,000 to ₹10,00,000: 20%
  • • ₹10,00,000 and above: 30%

New Regime Slabs

  • • ₹0 to ₹4,00,000: 0%
  • • ₹4,00,000 to ₹8,00,000: 5%
  • • ₹8,00,000 to ₹12,00,000: 10%
  • • ₹12,00,000 to ₹16,00,000: 15%
  • • ₹16,00,000 to ₹20,00,000: 20%
  • • ₹20,00,000 to ₹24,00,000: 25%
  • • ₹24,00,000 and above: 30%

Monthly In-Hand Estimator

Monthly Deductions (PF/PT)

EPF, VPF, Professional Tax etc.

₹ 1,800

Old Regime In-Hand

88,883

Tax: -₹9,317/mo

New Regime In-Hand

93,650

Tax: -₹4,550/mo

💡 Key Insight

The new regime saves you ₹57,200. To make old regime competitive, you need at least ₹2,82,200 in total deductions.

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