Income tax in India generally starts from gross income, allows eligible exemptions/deductions depending on regime, then applies slab rates (plus cess and any surcharge where applicable). Exact liability depends on the Finance Act for that year and your income mix.
The high-level pipeline
Identify income heads (salary, house property, capital gains, etc.). Apply regime-specific exemptions and deductions. Compute tax on the taxable base using slabs. Add cess; consider surcharge if income crosses thresholds. Rebate provisions may reduce tax for eligible lower incomes.
Old vs new regime
The new regime generally offers different slabs with fewer common deductions; the old regime may help when deductions are large. EnrichReturns’ tax tool is built to compare scenarios — always verify against the latest official rules before filing.
Using our calculator
Enter the inputs the tool asks for and compare regimes. Read the on-page methodology and limitations. File using official utilities or a CA with Form 16 and AIS. Calculators are educational estimates, not a filing substitute.