Free Income Tax Calculator — Old & New Regime Comparison
Calculate your income tax under both the old and new tax regimes with the UtilixVerse income tax calculator. Whether you are salaried, self-employed, or planning your tax-saving investments, this tool provides a clear slab-by-slab breakdown of your tax liability — all processed locally in your browser.
The Indian income tax system offers two regimes: the old regime allows deductions under Sections 80C, 80D, HRA, and other exemptions, while the new regime offers lower tax rates but without most deductions. Comparing both regimes helps you choose the one that results in lower tax liability for your specific income and deduction profile.
The calculator applies the current financial year slab rates to your taxable income, computes the effective tax rate, and shows the difference between old and new regimes. You can enter your gross income, applicable deductions, and see a clear breakdown of how much tax you owe under each option.
Tips for Best Results
- 1. Under Section 80C, you can claim deductions up to ₹1.5 lakh through EPF, PPF, ELSS, life insurance, and home loan principal.
- 2. Health insurance premiums under Section 80D provide additional deductions of up to ₹25,000 (₹50,000 for senior citizens).
- 3. The new regime is generally better if you have few deductions; the old regime benefits those with significant deductions.
- 4. Tax planning should be done at the start of the financial year, not at the end — this gives you time to optimize investments.
Private by design — your data stays on your device and is never uploaded anywhere.