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EMI and Financial Calculators

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Home/Tax

Income Tax

Calculate tax under old and new regime

Income Details
Before any deductions
₹
₹0₹10,00,00,000
Tax CalculationOptimal Choice

Old Regime

₹1,11,800

Effective: 9.3%

New Regime

₹66,300

Effective: 5.5%

Annual Tax

₹66,300

Monthly TDS

₹5,525

Per month deduction

Taxable Income
₹11,25,000
Income Tax
₹63,750
Health & Education Cess (4%)
₹2,550
Total Tax Payable
₹66,300

Switch to New Regime

Save ₹45,500 annually by switching regimes

Regime Comparison
Deductions Allowed
₹2,25,000vs₹75,000
Taxable Income
₹9,75,000vs₹11,25,000
Tax Payable
₹1,11,800vs₹66,300
Effective Tax Rate
9.3%vs5.5%

Tax Regime Tips

  • New Regime: Better if deductions < ₹3.75L, simpler filing
  • Old Regime: Better with high HRA, home loan, 80C/80D investments
  • You can switch regimes every year (salaried employees)
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