OmniCalcAI
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📋 Form 16 Tax Calculator
Extract your annual salary breakdown into instant algorithmic declarations. Compare Old vs New tax regimes to optimize your take-home pay.
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*Standard Deduction of ₹50,000 is auto-applied to both regimes.
Tax Liability Comparison
OLD REGIME
Net Taxable Income
₹0
Total Tax Payable (Inc. Cess)
₹0
NEW REGIME
Net Taxable Income
₹0
Total Tax Payable (Inc. Cess)
₹0
Understanding the Regimes
Old Tax Regime: Highly beneficial if you have significant investments (80C, 80D, 80CCD), Home Loan interest (24b), and HRA. You must claim deductions manually.
New Tax Regime: The default regime. It offers lower baseline tax slab rates but removes almost all deductions (except the ₹50,000 standard deduction). Great for those who prefer higher in-hand salary without locking money into tax-saving instruments.