Financial tool
Income Tax Calculator
Old regime or new?
Compare your liability under both regimes and see which one costs you less this year.
Income Tax Calculator
wealthandcovers.com · +91 99900 03062 · 17 Oct 2026
Your numbers
Move a slider — the result updates as you go.
ELSS, PPF, life insurance premium, principal on a home loan, children's tuition. Capped at ₹1.5 lakh.
Tax under the new regime
₹97,500
₹97,500
You save by choosing it
₹1.05 L
New regime liability
₹97,500
Old regime liability
₹2.03 L
On gross income of ₹15.00 L, the new regime charges ₹97,500 and the old regime ₹2,02,800 after ₹1,75,000 of deductions. The new regime is cheaper by ₹1,05,300 for FY 2025-26 (AY 2026-27).
- The new regime allows only the standard deduction — 80C, 80D and home loan interest do not apply there.
- Deductions you have not actually invested in cannot be claimed. Enter what is real.
- Capital gains, business income and clubbing provisions are outside this estimate.
Tax computation is indicative and based on the slabs configured for the selected assessment year. It is not tax advice — consult a qualified tax professional.
The number is the easy half
What to buy, in what order, and what to leave alone — that is the conversation worth having.