Compare Your Tax Before You Invest
Estimate your income tax under the old and new tax regimes and understand how eligible deductions can affect your taxable income and final tax.
Enter your actual figures in the calculator below.
Tax Saving Calculator
Enter your actual income and eligible deductions. Nothing is pre-filled, and no result is shown until you calculate.
Your result will appear here
Enter your actual figures and click “Calculate Tax Saving”. There are no pre-filled values.
Calculate your tax in four simple steps
The calculator separates income, standard deduction, eligible deductions and tax calculation so you can understand where your final estimate comes from.
Enter Income
Enter your actual annual gross income and select your income type and age group.
Add Deductions
Enter only the deductions you are genuinely eligible to claim under the old regime.
Calculate Tax
The calculator applies the relevant tax slabs, rebate where applicable and 4% health and education cess.
Compare Regimes
See which regime produces the lower estimated tax based on your entered figures.
Which tax regime may work better for you?
The better regime depends on your income and the deductions and exemptions you are actually eligible to claim.
More deduction-focused
The old regime can be useful for taxpayers with substantial eligible deductions and exemptions.
Simpler slab structure
The new regime has revised slabs and generally does not allow most common Chapter VI-A deductions.
Common deductions to consider
These are common tax-saving areas. Actual eligibility and statutory limits depend on your circumstances and the applicable provisions.
Section 80C
Qualifying PPF, ELSS, eligible life-insurance premiums, EPF, tuition fees and certain housing-loan principal payments can fall within Section 80C.
UP TO ₹1.5 LAKHSection 80D
Eligible health-insurance premiums and specified medical expenses may qualify for deduction subject to applicable conditions and limits.
AGE-BASED LIMITS APPLYSection 80CCD(1B)
Eligible taxpayers can claim an additional deduction for qualifying NPS contributions under the old regime.
UP TO ₹50,000Education Loan Interest
Eligible interest paid on a qualifying education loan may be deductible subject to Section 80E conditions.
ELIGIBLE INTERESTHome Loan Interest
Eligible home-loan interest can provide tax benefits under applicable conditions and regime rules.
UP TO ₹2 LAKH IN SPECIFIED CASESHRA Exemption
Eligible salaried taxpayers receiving HRA may claim exemption under the prescribed conditions.
OLD REGIME
Don't invest only for the deduction
Tax planning should fit into your broader financial plan. A tax deduction can reduce taxable income, but the underlying investment or expense should also make financial sense for you.
Review your current PPF, EPF, insurance, ELSS and other eligible investments before making additional commitments.
Do not assume that more deductions automatically make the old regime better. Compare your actual numbers.
Maintain investment proofs, insurance receipts, loan certificates and other supporting records.
Latest Tax & Personal Finance Articles
Explore the latest FinancePilot articles on income tax, tax deductions, investments, loans and personal finance.
Tax saving made easier.
Simple answers to common questions about tax deductions and tax regimes.
Tax Saving Calculator FAQs
No. The calculator has no pre-filled income, deductions or calculated results. You must enter your own figures before a result is generated.
This calculator is structured for Assessment Year 2026–27 and uses the applicable normal slab rates and rebate framework for that year.
The combined deduction limit under Sections 80C, 80CCC and 80CCD(1) is generally ₹1.5 lakh under the old tax regime, subject to the applicable provisions.
Common deductions such as Section 80C are generally not available under the new tax regime. Certain specified deductions, including eligible employer NPS contribution under Section 80CCD(2), can remain available subject to the applicable rules.
For AY 2026–27, the Section 87A rebate under the new regime is increased to up to ₹60,000 and applies where total income does not exceed ₹12 lakh, subject to the applicable provisions. :contentReference[oaicite:1]{index=1}
No. This calculator is intended for normal slab-rate income. Income taxable at special rates, such as certain capital gains, requires separate calculation.
It provides an estimate based on the information entered. Actual tax can also depend on TDS, special-rate income, surcharge, marginal relief, losses, additional deductions and other applicable provisions.
Understand your tax today and plan your finances better.
Once you know your estimated tax and eligible deductions, keep your supporting documents ready for accurate tax filing.
FinancePilot's Tax Saving Calculator is an educational estimation tool and does not constitute tax, legal, accounting, investment or financial advice. The calculator is designed for normal slab-rate income and does not calculate special-rate income such as certain capital gains. Actual tax liability may differ because of TDS, surcharge, marginal relief, losses, special-rate income, additional deductions, exemptions and other applicable provisions. Verify your final tax calculation with the Income Tax Department or a qualified tax professional before filing.