Since the introduction of the new tax regime in India, choosing between the old regime with deductions and the new regime with lower rates has become a critical decision. The right choice depends on your income level, available deductions, and financial planning strategy.
These scenario-based tax calculations show you exactly how much tax you'll pay under both regimes for different income levels. Each example includes the complete calculation - from gross income to taxable income to final tax liability - so you can understand where your money goes and which regime works better for your situation.
These scenarios also explain standard deductions, tax-saving investments, and how effective tax rates work across different income brackets.
Browse Tax Scenarios by Income Level
Available Scenarios
- Income Tax on 5 LPA Salary (Old vs New Regime)
- Income Tax on 6 LPA Salary (Old vs New Regime)
- Income Tax on 7 LPA Salary (Old vs New Regime)
- Income Tax on 8 LPA Salary (Old vs New Regime)
- Income Tax on 9 LPA Salary (Old vs New Regime)
- Income Tax on 10 LPA Salary (Old vs New Regime)
- Income Tax on 12 LPA Salary (Old vs New Regime)
- Income Tax on 15 LPA Salary (Old vs New Regime)
- Income Tax on 18 LPA Salary (Old vs New Regime)
- Income Tax on 20 LPA Salary (Old vs New Regime)
- Income Tax on 25 LPA Salary (Old vs New Regime)
- Income Tax on 30 LPA Salary (Old vs New Regime)
- Income Tax on 35 LPA Salary (Old vs New Regime)
- Income Tax on 40 LPA Salary (Old vs New Regime)
- Income Tax on 50 LPA Salary (Old vs New Regime)
What Affects Your Tax Liability?
Key Factors
- Gross Income: Your total salary before any deductions
- Standard Deduction: ₹75,000 for salaried under new regime (₹50,000 under old regime)
- 80C Investments: Up to ₹1.5 lakh in old regime (not available in new regime)
- HRA & Other Deductions: Available only in old regime
- Tax Regime Choice: Can be changed every financial year
- Rebate u/s 87A: Available in new regime for income up to ₹12 lakh (₹12.75 lakh for salaried with standard deduction)
Calculate Your Exact Tax Liability
Your tax situation is unique to your income and deductions. Use our calculator to compare both regimes for your specific case.
Use Tax Calculator