Tax Saving Calculator

Compare old and new tax regimes to find which one saves you more tax. Plan your investments for maximum tax benefits.

Income & Investments

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₹3 Lakh₹50 Lakh
Years
18 years80 years

Tax Saving Investments

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Tax Calculation Results

Old Regime Tax

₹0

Effective tax rate: 0%

New Regime Tax

₹0

Effective tax rate: 0%

Recommended Regime: New Regime

You save ₹0 with New Regime

Tax Amount Comparison

Tax Regimes in India

India offers two tax regimes: the Old Tax Regime with higher tax rates but multiple deductions and exemptions, and the New Tax Regime with lower tax rates but fewer deductions.

Old Regime Benefits

  • Various deductions under Sections 80C, 80D, etc.
  • Home loan interest deduction up to ₹2 lakh
  • HRA exemption for rent payments
  • Leave Travel Allowance (LTA) exemption
  • Standard deduction of ₹50,000

New Regime Benefits

  • Lower tax rates across income slabs
  • Simplified tax structure
  • Standard deduction of ₹50,000
  • No need to maintain investment proofs
  • Better for those with fewer investments or deductions