A new Income Tax Calculator for Resident Individual has been put on Income Tax E-filling Web Site to Calculate Tax Benefit of New Regime and Old Regime.
You have to fill – (1) Age (2) Estimated Annual Income # (3) Exemptions / Deductions*
Disclaimer: This calculator is only meant to provide a basic idea of the estimated impact of the new provisions. Refer to the Income Tax Provisions for the actual provisions and eligibility All tax calculations (includes cess) are excluding Surcharge & Total Eligible Exemptions / Deductions are assumed to be Zero in New Regime. # Not applicable for any Income with special rates * Deductions and Exemptions eligible as per Old regime.