Income Tax Slab Calculator

A tax slab is an income range, and the tax rate is the percentage charged only on the portion of your income that falls within that range — not on your entire income.

The New Regime taxes income progressively across several slabs, starting at a nil rate on the lowest slab and rising to the highest rate above the top threshold. The exact breakpoints are revised periodically by the government.

Under the Old Regime, senior citizens (60+) and super senior citizens (80+) get a higher basic exemption limit before slab rates start applying. The New Regime applies the same slabs to everyone regardless of age.

The New Regime generally has lower rates at each slab but removes most exemptions and deductions, while the Old Regime has higher rates but allows deductions like Section 80C, HRA, and home loan interest.