Free Income Tax Calculators

The New Regime is generally better if your total deductions (HRA + 80C + 80D + home loan interest + other) are below ~₹3.75 lakh. Above that, the Old Regime typically saves more. But the crossover depends on your exact income level and deduction mix. Use our Income Tax Calculator to compare both with your actual numbers: it shows the winning regime instantly.

Yes, under the New Tax Regime. The Section 87A rebate gives zero tax for resident individuals with income up to ₹12 lakh. Salaried employees additionally get a ₹75,000 standard deduction, making gross salary up to ₹12.75 lakh effectively tax-free. Note: NRIs are not eligible for the 87A rebate, and special-rate income like STCG/LTCG on equity is taxed separately even within this range.

Yes. You can claim both HRA exemption (Sec 10(13A)) and home loan interest deduction (Sec 24(b)) simultaneously: for example if you live in a rented house in your work city while owning a home in another city, or if your owned home is under construction. Both are available only under the Old Regime. Our HRA Calculator notes this scenario.

Introduced in Finance Act 2020, the 120-day rule applies to Indian citizens or PIOs visiting India whose Indian income exceeds ₹15 lakh in the year. For such individuals, the normal 182-day threshold is reduced to 120 days: meaning they become Resident after 120 days (instead of 182). This prevents high-earning Indian citizens from being treated as NRI by spending just a few extra days abroad. Our Residential Status Calculator handles this automatically.

You can invest in PPF regardless of your EPF contribution, but the total 80C deduction is capped at ₹1.5 lakh across all instruments combined. If your EPF already exceeds ₹1.5 lakh, additional PPF, ELSS or LIC investments will NOT give you any extra tax deduction under 80C. Use our Section 80C Calculator to track your exact utilisation before making new investments.