100% Free & Open Educationmyfinedu.com is an independent educational portal. We are not SEBI-registered advisers. No paid stock tips or portfolio management.Read Full Disclaimer
Taxation

New vs Old Tax Regime Quick Comparator

Verified Indian financial mathematics, statutory regulations, and step-by-step actionable breakdowns.

Tags:#Income Tax#New Tax Regime#Old Tax Regime#Section 115BAC

New vs Old Tax Regime Calculator

Calculate tax liabilities with Standard Deductions & Section 80 rebates

Old Regime Deductions Claimed:

Old Tax Regime

₹86,840

₹50k Std. Ded + Itemized 80C/80D/HRA

DEFAULT
New Tax Regime

₹79,300

₹75k Standard Deduction

💡 Recommendation: The New Tax Regime is optimal, saving you ₹7,540 without requiring investment receipts!

Mathematical Formula & Calculation Engine

Computes total tax liability across revised slab structures, rebates under Section 87A, 4% Health & Education Cess, and determines the optimal regime.

Tax = Sum of (Taxable Income in Slab × Slab Rate) + 4% Cess - 87A Rebate

Why Use the Tax Comparator?

Instant recommendation on which regime saves maximum net cash
Incorporates updated ₹75,000 Standard Deduction for New Regime
Prevents tax overpayment during payroll declaration

Tax Comparator FAQs

Under the New Tax Regime with the ₹75,000 Standard Deduction and Section 87A rebate, a salaried individual earning up to ₹7,75,000 gross pays ₹0 in income tax!

Explore Complete Simulators Hub

Compare results across all 20+ precision financial decision tools.

All Simulators Hub