Income Tax Calculator US (2024)
Not sure which tax regime to choose? Our tax calculator instantly compares your tax liability, highlights your potential savings, and gives you actionable investment insights. Note: Defaults to standard regional estimates.
Rs.
Investment deductions (old regime)
Rs.
Rs.
Rs.
New Regime
₹71,500
Saves ₹40,300Old Regime
₹1,11,800
Comparison breakdown
Standard Deduction
New₹75,000
Old₹50,000
Taxable Income
New₹11,25,000
Old₹9,75,000
Effective Tax₹71,500
Tax saving insights
- You are currently using the New Regime. If you have high HRA or 80C/80D investments, you might save more in the Old Regime.
- Investing in NPS (Section 80CCD) can provide an additional Rs. 50,000 deduction in the Old Regime.
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