Income Tax & Take-Home Paycheck Calculator (India New vs. Old Regime)

Compare New vs. Old Tax Regime liability, Section 87A rebate, 4% cess, and net monthly take-home paycheck.

Recommended: New Tax Regime (Saves ₹1,22,200)
₹1,37,433/mo Take-Home
New Regime Tax: ₹1,50,800 • Old Regime Tax: ₹2,73,000 (incl. 4% cess)
New Tax Regime (₹75k Std Ded) ₹1,50,800
Old Tax Regime (With Deductions) ₹2,73,000
New Tax Regime Savings ₹1,22,200
Effective Tax Rate 8.38%
Inputs
₹ / yr
Total annual gross salary before standard deduction.
₹ / yr
Combined HRA, Section 80C (up to ₹1.5L), 80D health insurance, and home loan interest.
Results & Graph
Recommended: New Tax Regime (Saves ₹1,22,200)
₹1,37,433/mo Take-Home
New Regime Tax: ₹1,50,800 • Old Regime Tax: ₹2,73,000 (incl. 4% cess)
New Tax Regime (₹75k Std Ded)
₹1,50,800
Old Tax Regime (With Deductions)
₹2,73,000
New Tax Regime Savings
₹1,22,200
Effective Tax Rate
8.38%

Annual Gross Salary vs. New & Old Regime Tax (₹)

Net Annual Take-Home Pay vs. Income Tax & Cess
Graph 1 • Annual Gross Salary vs. New & Old Regime Tax (₹) Net Annual Take-Home Pay vs. Income Tax & Cess
Net Annual Take-Home Pay: 1,649,200 INRNew Tax Regime Liability: 150,800 INROld Tax Regime Liability: 273,000 INR Net Annual Take-Home Pay 1,649,200 INR New Tax Regime Liability 150,800 INR Old Tax Regime Liability 273,000 INR
Graph 2 • Proportional Share Ring Net vs. tax/interest share
TOTAL 2.07M Net Annual Take-Home Pay 1.65M (79.6%) New Tax Regime Liability 150.8k (7.3%) Old Tax Regime Liability 273.0k (13.2%)
Graph 3 • Effective Tax Rate (%) Across Gross Income Levels (New Tax Regime) Statutory benchmark comparison across brackets or years
0% 12.0% 23.9% ₹12L: 0 % 0 ₹12L ₹15L: 6.5 % 6.5 ₹15L ₹18L: 8.38 % 8.4 ₹18L ₹24L: 12.65 % 12.7 ₹24L ₹30L: 16.29 % 16.3 ₹30L ₹50L: 22.15 % 22.1 ₹50L
Summary: New Regime tax is ₹1,50,800 and Old Regime tax is ₹2,73,000.
Summary: On a gross salary of ₹18,00,000 (₹18 L) with ₹2,50,000 in Chapter VI-A / HRA deductions, your tax liability is ₹1,50,800 under the New Tax Regime and ₹2,73,000 under the Old Tax Regime. Choosing the New Tax Regime saves ₹1,22,200 and yields an estimated monthly post-tax paycheck of ₹1,37,433.

Formula & Mathematical Methodology: Finance Act Slab Computation & Section 87A Rebate

Taxablenew = max(0,   Gross − ₹75,000),   Total Tax = Slab Tax × 1.04
New Taxable = max(0, Gross − 75,000); Old Taxable = max(0, Gross − 50,000 − Deductions); TotalTax = BaseSlabTax × 1.04
  • ₹75,000 vs ₹50,000: Salaried standard deduction under New Regime (₹75k) vs. Old Regime (₹50k)
  • 1.04: 4% Health and Education Cess applied to base tax

Rounding: Rounded to nearest rupee.

Worked Example: ₹18,00,000 Gross Salary with ₹2,50,000 Old-Regime Deductions

Compare New Regime vs. Old Regime tax on ₹18 Lakhs annual income.

  1. New Regime taxable income = ₹18,00,000 − ₹75,000 = ₹17,25,000 → Base tax = ₹1,45,000 + 4% cess = ₹1,50,800.
  2. Old Regime taxable income = ₹18,00,000 − ₹50,000 − ₹2,50,000 = ₹15,00,000 → Base tax = ₹2,62,500 + 4% cess = ₹2,73,000.
  3. New Tax Regime saves ₹1,22,200/year, giving a post-tax take-home of ₹1,37,433/month.
Result: New Tax Regime saves ₹1,22,200 (₹1,50,800 vs. ₹2,73,000 tax).

Frequently Asked Questions

Up to what salary is income tax zero under the New Tax Regime?

With the ₹12,00,000 Section 87A taxable-income rebate threshold plus the ₹75,000 salaried standard deduction, salaried individuals earning up to ₹12,75,000 gross per year pay zero income tax under the New Regime.

Finance & Investing • Income Tax & Payroll Guide

How to Use the Income Tax & Take-Home Paycheck Calculator (India New vs. Old Regime): Practical Guide & Visual Analysis

Determine whether the New Tax Regime or Old Tax Regime saves you more income tax based on your gross salary and eligible Section 80C/80D/HRA deductions. Whether you are researching income tax calculator, take home paycheck calculator, new vs old tax regime calculator india, salary tax calculator, marriage tax calculator, this interactive tool helps you compare India Income Tax liability under the New Tax Regime (with ₹75,000 standard deduction and ₹12L Section 87A rebate threshold) versus the Old Tax Regime, and calculate monthly net take-home pay.

Interpreting the 3 Custom Visual Graphs & Key Outputs

As you adjust Gross Annual Salary Income, Total Old-Regime Deductions (80C + 80D + HRA), the calculator immediately computes Recommended Regime & Tax Savings (₹), Monthly Net Take-Home Paycheck (₹/mo), New Tax Regime Liability (Incl. 4% Cess), Old Tax Regime Liability (Incl. 4% Cess) and updates all three domain-specific SVG charts in real time. Instead of relying on a single static figure, you can inspect the primary domain diagram, component breakdown, and multi-point trajectory curve to see how changing your inputs shifts the final result. Use the Compare (up to 3 scenarios) button to evaluate side-by-side variations before making a decision.

Real-World Benchmark & Planning Tips (India (Finance Act New vs. Old Regime Slabs))

In our benchmark scenario (₹18,00,000 Gross Salary with ₹2,50,000 Old-Regime Deductions), New Tax Regime saves ₹1,22,200 (₹1,50,800 vs. ₹2,73,000 tax). Keep in mind that applies current Finance Act ₹4L-step slabs under the New Tax Regime (0% up to ₹4L, 5% ₹4–8L, 10% ₹8–12L, 15% ₹12–16L, 20% ₹16–20L, 25% ₹20–24L, 30% >₹24L) with full 87A rebate up to ₹12L taxable income. For related calculations in Finance & Investing, explore ELSS Tax-Saving SIP Calculator (Section 80C), PPF Calculator (Public Provident Fund), EPF Calculator (Employees Provident Fund), Gratuity Calculator (India).