What is an Income Tax Calculator?
The Indian Income Tax system offers two regimes: Old and New. The Old Regime allows various deductions (like 80C, HRA) but has higher tax rates. The New Regime has lower tax rates but does not allow most deductions. This calculator helps you compare your tax liability under both regimes to make the smartest tax-saving decision.
* Standard Deduction of ₹50,000 is automatically applied to both regimes.
Tax under Old Regime
₹ 0
Tax under New Regime
₹ 0
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