Old vs New Regime Tax Calculator

This utility will help you calculate income tax under the two regimes based on the values provided in the summarized form below

FA YEAR

Category

Gross Salary

Old Regime

New Regime

Gross Salary

(a) Sec 17(1)

Total

0.00

Less Allowance under Section 10

a) Section 10(5)-Travel Concession or Assistance

b) Section 10(10)-Death-Cum-Retirement Gratuity

c) Section 10(10A)-Commuted Value of Pension

d) Section 10(10AA)-Cash Equivalent of Leave

e) Section 10(13A)-House Rent Allowance

f) Section 10(14)-Other special allowances

g) Total amount of any other exemption under Section 10

Total

0.00

Whether employed with other Employer in this financial year

Total amount of Salary

Current Employer Salary

Total Salary paid by previous employer

(a) Deduction under Section 16(ia)

(b) Entertainment Allowance 16(ii)

Aggregate of (a) and (b)

Income Chargeable Under head 'Salaries'

Other Income Details Description Amount Amount

Income or loss - House Property offered for TDS

Income-Other Sources offered for TDS

Any other income other than salary offered for TDS

Gross Total Income

Deductions Under Chapter VI-A

Amount Amount

Section 80CCD(2)

Total of other Sections under Chapter VI-A
(80C, 80CCC, 80CCD(1), 80CCD(1B), 80D, 80E, 80CCH, 80CCH(1))

Aggregate of deductible amount under Chapter VI-A

Total Taxable Income

Tax on Taxable Income

Less: Rebate u/s 87A

Gross Tax

Add: Surcharge

Add: Education Cess

Net Tax Payable