Calculators
Estimate tax savings and compare common deductions and investment options. Runs in your browser on AI Online Tools with clear inputs, instant feedback, and...
Estimate your income tax liability under Old vs New Regime. Explore deductions like 80C, 80D, HRA, and see how much you can save.
12/5/2026
Annual Income
₹12,00,000
Total Tax (incl. Cess)
₹1,11,800
Taxable Income
₹9,75,000
Effective Tax Rate
9.32%
*Based on your current inputs. New Regime has different slab rates and no deductions.
Paying taxes is inevitable, but paying more than necessary is a choice. With the right tax planning, you can legally reduce your tax liability and keep more of your hard-earned money. The Tax Saving Calculator is your ultimate tool to estimate income tax, compare regimes, and identify the best deductions for your financial situation.
Our interactive Tax Saving Calculator above lets you input your annual income, choose between Old and New Tax Regimes, and add deductions like Section 80C (PPF, ELSS, LIC), 80D (health insurance), HRA, and more. It instantly computes your tax liability, effective tax rate, and shows you how much you can save. This comprehensive guide covers every aspect of Indian income tax for salaried individuals – from slab rates to exemptions, investment options, and filing strategies.
Old Regime Slabs (with deductions):
The Old Regime allows you to claim over 70 deductions (80C, 80D, HRA, LTA, etc.), but has higher tax rates. The New Regime has lower rates but eliminates most deductions. Generally, if you have significant investments (over ₹2.5 lakh in 80C, 80D, etc.) and HRA, the Old Regime may be better. If you prefer simplicity and have minimal deductions, the New Regime might suit you. Use our calculator to compare side by side.
If your total income after deductions is up to ₹5 lakh in Old Regime, you get a rebate of up to ₹12,500, making your tax zero. In New Regime, the rebate limit is ₹7 lakh (from FY 2023-24). This means if your income is ₹7 lakh or less in New Regime, you pay zero tax. Our calculator automatically applies the rebate.
A 4% Health and Education Cess is applicable on the total tax amount (included in our calculation). Surcharge applies for incomes above ₹50 lakh (10% surcharge) and higher brackets, but our calculator focuses on salaried individuals up to ₹50 lakh for simplicity.
Medical inflation in India is 12-15% annually. A health insurance policy not only secures you against high hospital bills but also gives tax deduction. For a family of four (including senior citizen parents), you can claim up to ₹75,000 deduction (₹25k for self + ₹50k for senior citizen parents). Our calculator lets you input this amount.
HRA exemption is the minimum of: (a) Actual HRA received, (b) Rent paid minus 10% of salary, (c) 50% of salary (metro) or 40% (non-metro). Our calculator uses a simple HRA exemption input field – you can compute the exact exemption using the formula and then enter that amount. For most salaried employees, this is accurate enough.
It uses the official income tax slabs, cess, and rebate rules for FY 2024-25. For most salaried individuals, it's accurate within a few hundred rupees. For complex cases (capital gains, business income), consult a CA.
No, you must choose one regime while filing ITR. Salaried individuals can switch every year.
No, the New Regime does not allow HRA exemption.
₹1.5 lakh per financial year.
Click the “Download PDF Report” button. It includes all charts, inputs, and tax breakdown.
Tax planning should not be left for the last month of the financial year. Use the Tax Saving Calculator early, align your investments with your goals, and reduce your tax liability legally. Remember, every rupee saved in tax is a rupee earned. Combine this calculator with our other tools (SIP, PPF, FD) to build a comprehensive financial plan.
Start using the Tax Saving Calculator above now – optimise your taxes and keep more money in your pocket!
Estimate tax savings and compare common deductions and investment options. Runs in your browser on AI Online Tools with clear inputs, instant feedback, and...
Tax Saving Calculator is listed under Calculators so you can find related converters and calculators on the same hub. Everything stays lightweight for everyday tasks—open the tool, complete the job, and move on.
Text-based processing on this clean static page runs in your browser. Do not paste passwords, private keys, access tokens, or confidential customer records into any online tool unless you have reviewed and approved the workflow.
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