Tax & Income Calculators — Optimize Your Tax Saving
Income tax planning is the single biggest lever for salaried Indians to keep more of what they earn. In FY 2025-26, the choice between the old and new tax regime is the most consequential financial decision you will make before filing your ITR. The new regime offers lower slab rates, a flat &rupee;75,000 standard deduction, and a Section 87A rebate that makes income up to &rupee;12.75 lakh effectively tax-free. The old regime, on the other hand, rewards disciplined investors who claim deductions under Section 80C (&rupee;1.5 lakh), 80D (health insurance), 80CCD(1B) (NPS), and HRA exemption under Section 10(13A).
HRA exemption remains the most-claimed deduction among salaried employees paying rent in metros. It is computed as the minimum of three values: actual HRA received, rent paid minus 10% of basic salary, and 50% of basic for metros (40% for non-metros). Getting this calculation right can save &rupee;50,000–3 lakh in tax depending on your rent and salary structure. For employees completing five or more years of service, gratuity under the Payment of Gratuity Act 1972 is another important entitlement, with up to &rupee;20 lakh exempt from tax under Section 10(10).
Our three tax calculators below help you visualize the exact rupee impact of each decision. The Tax Regime Comparator runs your numbers through both regimes side by side so you see the breakeven deduction amount. The HRA Calculator applies all three exemption rules monthly. The Gratuity Calculator uses the PGA formula for both covered (divisor 26) and non-covered (divisor 30) employees with automatic rounding of service years. Pair each calculator with its companion guide and comparison page for a complete understanding of your tax-saving options in India.
Tax & Income Calculators
Tax Regime
Old vs New tax regime — see which saves more with all deductions: 80C, 80D, HRA, NPS & more.
HRA
Calculate HRA tax exemption under Section 10(13A). See all 3 rules and find your maximum tax-free allowance.
Gratuity
Calculate gratuity using the Payment of Gratuity Act 1972 formula. Covers covered and non-covered employees, rounding rules, and Sec 10(10) tax exemption up to ₹20 lakh.
Salary Calculator
Convert your CTC to monthly in-hand salary. Compare old vs new tax regime side-by-side with HRA, EPF, professional tax, and 80C/80D savings.
Income Tax
Calculate income tax under both old and new regime with all deductions — 80C, 80D, HRA, NPS, home loan interest.
Capital Gains Tax
Calculate capital gains tax on stocks, mutual funds, property, and gold with post-Budget 2024 rates.
Tax & Income Guides
Tax Regime Guide
Complete comparison of Old vs New tax regime for FY 2025-26 with deduction analysis and calculator.
HRA Guide
HRA exemption rules under Section 10(13A), 3 calculation rules, documentation, and tax-planning strategies.
Gratuity Guide
Calculate gratuity using PGA formula. Covers covered and non-covered employees, rounding rules, and Section 10(10) tax exemption.
HRA Employment Guide
HRA exemption rules for salaried, contract, WFH, and self-employed. Section 10(13A) edge cases and documentation guide.
Tax Slabs Explainer
Complete income tax slab explainer for FY 2025-26. Old vs new regime rates, surcharge brackets, rebate rules, and examples.
Salary Guide
Convert CTC to in-hand salary. Understand EPF, professional tax, HRA, gratuity, and income tax deductions with worked examples.
Section 80C Guide
All Section 80C instruments compared — ELSS, PPF, EPF, NPS, tax-saving FD, SSY, and more. ₹1.5 lakh deduction strategy.
Tax & Income Comparisons
ELSS vs PPF
Compare ELSS mutual funds vs PPF across returns, lock-in, tax treatment, risk, and liquidity.
Old vs New Regime
Side-by-side tax regime comparison with slab tables, deduction matrix, and decision tree.
ELSS vs NPS
Compare ELSS mutual funds vs NPS for tax saving. 80C vs 80CCD(1B), lock-in periods, returns, and exit taxation.
Tax Data & Reference
Frequently Asked Questions
Old vs new tax regime — which is better for me?
If your total deductions (80C, 80D, HRA, NPS, etc.) exceed ₹3.75–4 lakh, the old regime typically saves more. Below that threshold, the new regime’s lower slab rates and ₹75,000 standard deduction usually win. Use the Tax Regime Comparator to see your exact savings under each regime.
How is HRA exemption calculated?
HRA exemption is the minimum of three values: (1) actual HRA received, (2) rent paid minus 10% of basic salary, and (3) 50% of basic salary for metros or 40% for non-metros. The exemption is calculated monthly and only available under the old tax regime.
What deductions are available under Section 80C?
Section 80C offers up to ₹1.5 lakh deduction for PPF, ELSS, EPF, life insurance premiums, NSC, 5-year FD, tuition fees, home loan principal, SSY, and SCSS. This deduction is only available under the old tax regime. NPS contributions get an additional ₹50,000 under 80CCD(1B).
How is gratuity calculated under the PGA formula?
For covered employees: Gratuity = (Last drawn salary × 15 × years of service) ÷ 26. ‘Last drawn salary’ means basic + DA. Years are rounded to the nearest whole number (e.g., 4 years 7 months = 5 years). For non-covered employees, the divisor is 30 instead of 26.
Is gratuity taxable above ₹20 lakh?
Gratuity up to ₹20 lakh is exempt from tax under Section 10(10) for non-government employees. Government employees enjoy full tax exemption. Any amount exceeding ₹20 lakh is added to your taxable income and taxed at your slab rate.
Can I claim HRA if I work from home?
Yes, you can claim HRA even when working from home, provided you actually pay rent for the residence where you live. You need rent receipts and a rental agreement. If rent exceeds ₹1 lakh per year, landlord PAN is required. WFH does not disqualify HRA exemption.
What is the standard deduction under new regime?
The new tax regime offers a standard deduction of ₹75,000 (increased from ₹50,000 in Budget 2024). This is a flat deduction from gross salary — no receipts needed. Combined with the revised slabs and ₹60,000 rebate (up to ₹12.75 lakh), many salaried individuals find the new regime beneficial.
How do I choose between ELSS and PPF for tax saving?
ELSS has a 3-year lock-in (shortest under 80C) and market-linked returns (12–15% CAGR historically). PPF has a 15-year lock-in but guaranteed 7.1% returns with EEE tax status. Choose ELSS for higher returns and shorter lock-in; choose PPF for guaranteed, risk-free tax-free growth.
What are surcharge rates for high-income earners?
Surcharge applies above ₹50 lakh: 10% (₹50L–1Cr), 15% (₹1Cr–2Cr), 25% (₹2Cr–5Cr). In the new regime, the maximum surcharge is capped at 25% regardless of income. The old regime still allows up to 37% surcharge for income above ₹5 crore, making effective tax rate over 42%.
When should I switch from old to new tax regime?
Consider switching to new regime if: (1) your deductions are below ₹3.75 lakh, (2) you don’t have HRA or home loan benefits, (3) you want simplicity without investment proofs. Salaried employees can switch every year. Business income taxpayers can switch only once back to old regime.