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New v/s Old Tax Regime Comparison: Which Tax Regime to Pick?

Have you also been stuck between the choice of a more beneficial tax regime?? Relax!! We have made it easier for you. You just need to enter your income details and all computations under old and new regimes would be done in fractions of seconds. Taking an informed decision by comparing tax payments under both the regimes has never been simpler, otherwise than with this free tool.

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INCOME

F.Y. 2020-21
Slab option 1
(With Exemptions)
F.Y. 2020-21
Slab option 2
(Without Exemptions)
Income from Salaries
Amount
Amount
Less: Allowances & Exemptions
Amount
Amount
Income from Business
Amount
Amount
Income from House Property
Amount
Amount
Income from Other Sources
Amount
Amount

B

F.Y. 2020-21
Slab option 1
(With Exemptions)
F.Y. 2020-21
Slab option 2
(Without Exemptions)
Basic Deductions (80C)
Amount
Amount
Medical Insurance Premium (80D)
Amount
Amount
Interest from Savings (80TTA)
Amount
Amount
Other Deductions
Amount
Amount
Standard Deduction / Allowance
Amount
Amount

INCOME

F.Y. 2020-21
Slab option 1
(With Exemptions)
F.Y. 2020-21
Slab option 2
(Without Exemptions)
Basic Tax
Amount
Amount
Rebate u/s 87a
Amount
Amount
Surcharge
Amount
Amount
Education Cess
Amount
Amount
Total Tax Liability
Amount
Amount
Difference in Tax Amount
Amount/-
Amount/-