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
What Affects Your Tax Liability?
Key Factors
- Gross Income: Your total salary before any deductions
- Standard Deduction: ₹50,000 flat deduction available in both regimes
- 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 ₹7 lakh
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