Calculator
What the Tax Saving Calculator does
Tax Saving Calculator: calculates New Regime Total Tax, Old Regime Total Tax and New Taxable Income from Gross Annual Income, Age Category (Old Regime) and 80C Deductions (old only). Example: gross annual income 1200000 ₹, age category (old regime) Below 60 years and 80C deductions (old only) 150000 ₹ gives new regime total tax ₹0.00.
Give the Tax Saving Calculator your Gross Annual Income, Age Category (Old Regime), 80C Deductions (old only) and 80D Health Insurance (old only) and it works out New Regime Total Tax, Old Regime Total Tax and New Taxable Income. Values update as you type, so comparing options is a matter of editing one field.
Typical users are anyone weighing up a loan. Small differences in rate or term compound into large differences in what you actually pay.
We never see the amounts you enter, so there is no financial record of your visit to leak.
The field table, the method and a worked example are documented after the tool for anyone who wants to check the working.
What do the Tax Saving Calculator fields mean?
The Tax Saving Calculator uses 8 inputs. Nothing is blank on load, so you can see the shape of the answer before supplying your own figures.
| Field | What to enter | Default |
|---|---|---|
| Gross Annual Income | measured in ₹; accepts 0 to 50000000 | 1200000 |
| Age Category (Old Regime) | choose from Below 60 years, Senior (60 to 79) or Super Senior (80+) | Below 60 years |
| 80C Deductions (old only) | measured in ₹; accepts 0 to 150000 | 150000 |
| 80D Health Insurance (old only) | measured in ₹; accepts 0 to 100000 | 25000 |
| HRA Exemption (old only) | measured in ₹; accepts 0 to 2000000 | 0 |
| Home Loan Interest 24(b) (old) | measured in ₹; accepts 0 to 200000 | 0 |
| Other Old-Regime Deductions | measured in ₹; accepts 0 to 2000000 | 0 |
| Show | choose from Compare New vs Old, New Regime only or Old Regime only | Compare New vs Old |
How does the Tax Saving Calculator work?
Each output is derived from the inputs above in a single pass; there is no hidden state carried between runs, so the same inputs always give the same calculation.
Bad input produces a message, not a silently incorrect figure.
Worked example
These are the values the Tax Saving Calculator loads by default, and the result it produces from them. These are the exact values loaded when the page opens, and the answer they produce.
| Gross Annual Income | 1200000 ₹ |
|---|---|
| Age Category (Old Regime) | Below 60 years |
| 80C Deductions (old only) | 150000 ₹ |
| 80D Health Insurance (old only) | 25000 ₹ |
| HRA Exemption (old only) | 0 ₹ |
| Home Loan Interest 24(b) (old) | 0 ₹ |
| Other Old-Regime Deductions | 0 ₹ |
| Show | Compare New vs Old |
| New Regime Total Tax | ₹0.00 |
|---|---|
| Old Regime Total Tax | ₹1,11,800.00 |
| New Taxable Income | ₹11,25,000.00 |
| Old Taxable Income | ₹9,75,000.00 |
| You Save (better regime) | ₹1,11,800.00 |
| Lower Tax Regime | New Regime |
| New Effective % | 0.00% |
| Old Effective % | 9.32% |
Read next: Old vs New Tax Regime: Which One Actually Saves You Money
How to use it
- Set Gross Annual Income in ₹ (0 to 50000000).
- Pick a value for Age Category (Old Regime): the options are Below 60 years, Senior (60 to 79) or Super Senior (80+).
- Key in 80C Deductions (old only) in ₹ (0 to 150000).
- Fill in 80D Health Insurance (old only) in ₹ (0 to 100000).
- Type HRA Exemption (old only) in ₹ (0 to 2000000).
- Enter Home Loan Interest 24(b) (old) in ₹ (0 to 200000).
- Set Other Old-Regime Deductions in ₹ (0 to 2000000).
- Pick a value for Show: the options are Compare New vs Old, New Regime only or Old Regime only.
- Results update continuously rather than on submit.
- Check New Regime Total Tax, Old Regime Total Tax, New Taxable Income, Old Taxable Income, You Save (better regime), Lower Tax Regime, New Effective %, Old Effective %, Taxable Income, Income Tax, Cess (4%), Total Tax and Effective Rate % on the right.
- Print gives a tidy version without the navigation, which is handy for attaching to a file.
What this tool does not do
- Fees, taxes and eligibility rules vary by product and are not included unless there is a field for them.
- Lender rounding rules differ, so the final figure on your statement may differ by a small amount.
- Comparisons across tools can differ where each uses a slightly different definition.
- The tool trusts your numbers completely, so a mis-keyed digit propagates straight through.
Frequently asked questions
Enter Gross Annual Income in ₹, 80C Deductions (old only) in ₹, 80D Health Insurance (old only) in ₹, HRA Exemption (old only) in ₹, Home Loan Interest 24(b) (old) in ₹ and Other Old-Regime Deductions in ₹. Every input names its unit, and every output does too, which removes the usual source of error.
Gross Annual Income accepts 0 to 50000000 ₹. Go outside it and you get an error against that specific field instead of a misleading number.
With the values loaded when the page opens, new regime total tax comes out as ₹0.00. Overwrite any of the starting values and the result follows.
No. Your browser is doing the computing, so we could not see the values even if we wanted to.
No payment and no login. Advertising covers the running costs.
It is precise to the method and honest about its scope: no calculator can know your eligibility, and eligibility is what usually moves the final number.