Calculate Net Salary Based on New or Old Tax Regimes

About This Calculator

This Salary Calculator helps Indian taxpayers estimate their net monthly take-home salary under the old and new tax regimes. It empowers you to make an informed decision about which regime aligns best with your financial goals.

Choosing Between Old and New Tax Regimes

The old tax regime provides a range of exemptions and deductions, making it beneficial for taxpayers who invest in tax-saving instruments. Key features include:

• ₹1,50,000 deduction under Section 80C.
• Additional deductions under Sections 80D, 24(b), and more.
• A basic exemption limit of ₹2,50,000 for individuals below 60 years.

In contrast, the new tax regime offers a simplified structure with lower tax rates but eliminates most exemptions. Key features include:

• A higher basic exemption limit of ₹3,00,000.
• A standard deduction of ₹75,000 for salaried individuals.
• Flat tax slabs without the need for additional documentation or investments.

Which Tax Regime is Right for You?

Your choice between the two regimes depends on your income level, investment habits, and financial goals. Use this calculator to compare your net take-home salary under both regimes and choose the one that maximizes your disposable income.

Key Guidelines

• This calculator assumes standard slabs and deductions for accurate estimation.
• For more detailed information, consult a tax advisor or refer to the official Income Tax India website.