Old vs New Tax Regime Calculator
Verify optimal tax savings side-by-side for FY 2026-27 (AY 2027-28). Instantly models rebates, deductions, and corporate/individual tax liabilities.
Tired of manually entering data in Tally?
Save hours every week. Import purchase invoices, sales bills, and bank statements directly into Tally in 1-click.
New Tax Regime is optimal!
You save exactly **₹1,13,100** annually by filing under the New Tax Regime (FY 2026-27).
Net Tax Liability
₹1,05,300
Net Tax Liability
₹2,18,400
Auditing & Savings Implications
New Regime is Optimal
By switching to the default New Regime, you claim the standard deduction of **₹75,000** and pay lower tax slabs without needing to block ₹2,25,000 in deductions.
Pro Tip: Under both regimes, standard salary deductions (standard deduction, professional tax) are deducted automatically. If you have rent payments, use our **[HRA Calculator](/tools/hra-calculator)** to determine your optimal exemption value before entering here.
TrulyInvoice makes Tally data entry effortless.
Upload purchase bills, sales invoices, or bank statements and sync them to Tally instantly.
Understanding Indian Income Tax Regimes
Indian taxpayers can choose between the default New Tax Regime and the traditional Old Tax Regime. The Old regime relies on investments, insurance premiums, HRA rent slips, and loan interest to deduct taxable income. The New regime offers simplified lower tax brackets in exchange for surrendering almost all tax exemptions.
The New Tax Regime Advantage
Designed to simplify compliance, the New Tax Regime is the default option for individuals.
- Higher Tax-Free Limit: Zero tax on income up to ₹12 Lakh due to Section 87A rebate adjustments.
- Standard Deduction Boost: Salaried individuals get a straight ₹75,000 deduction on gross salary.
The Old Tax Regime Advantage
Suitable for taxpayers with heavy savings, home loans, or substantial rental expenses.
- Exemption Friendly: Allows deductions under 80C (PPF, EPF, ELSS), 80D (Health), and Section 24(b) (Home loan interest).
- Salaried Deductions: HRA rent exemptions, LTA claims, and standard deduction of ₹50,000 are fully applicable.
Frequently Asked Questions
Everything you need to know about TrulyInvoice for Tally Prime.
On clear digital PDF invoices, TrulyInvoice achieves approximately 96% field-level extraction accuracy based on internal benchmarks. Accuracy on handwritten or low-resolution scanned invoices is approximately 88-90%. Our review-first workflow ensures you catch and correct any AI omissions before they reach Tally.
TrulyInvoice differs from Suvit in three specific ways: (1) Bulk upload support — TrulyInvoice processes multi-file batches at once vs Suvit's 10-invoice cap. (2) Transparent monthly plans starting at ₹399/month for 1,000 pages (Lite), ₹599 for 2,000 pages (Plus), and Custom High Volume Plans vs Suvit's annual subscription model. (3) Multi-user team seating (up to 3 seats) sharing a single voucher quota. Suvit includes broader module coverage like GST filing that TrulyInvoice focuses on purely as a dedicated invoice-to-Tally engine.
Yes. TrulyInvoice's AI extracts data from handwritten invoices, PDFs, scanned images, and multi-page documents. It's trained on diverse Indian invoice formats including handwritten text.
Setup is typically quick: sign up, enable Port 9000 in Tally settings, install the connector, and test with a sample invoice.
TrulyInvoice supports common GST scenarios and can help map interstate (IGST) and intrastate (CGST+SGST) flows based on invoice and ledger data.
TrulyInvoice supports PDF invoices, JPG/PNG images, scanned documents, and handwritten invoices. It works with GST invoices, purchase bills, and sale invoices from any Indian vendor.
Yes. TrulyInvoice works with Tally running on your local computer. Enable Port 9000 in Tally settings (F1 > Settings > Connectivity) and the connector handles the rest. No cloud hosting required.
TrulyInvoice automatically creates missing ledgers and stock items in Tally. You can also create them manually in Tally and click Refresh to sync.
Yes. Invoices are encrypted in transit and at rest. The Tally sync happens on your computer — data never leaves your network during the sync process.
TrulyInvoice processes most invoices in 15-30 seconds from upload to Tally sync. This includes AI extraction, your review, and the actual sync. A single user can process 100+ invoices in under an hour with the review-first workflow.
TrulyInvoice includes a mandatory review step before syncing. You can edit any field the AI extracted. Additionally, mathematical validation checks if amount equals quantity multiplied by rate, flagging potential calculation errors automatically before they reach Tally.
No technical expertise required. Setup involves three simple steps: enable Port 9000 in Tally settings (F1 > Settings > Connectivity), download the connector app, and sign in. Most users complete setup in under 5 minutes. Phone and WhatsApp support is available if needed.
Yes. You can upload up to 20 invoices per batch upload (PDFs, scans, or photos). The system processes them sequentially with 99%+ accurate AI extraction, and you can review and sync them individually or in batches to Tally Prime.
TrulyInvoice creates both Purchase and Sales vouchers in Tally. It supports standard GST scenarios including intra-state (CGST+SGST) and inter-state (IGST) transactions. The system auto-maps GST rates and creates appropriate ledgers based on your invoice data.
Yes. TrulyInvoice includes a free 14-day trial with instant signup — no credit card required. Plans start at ₹399/month for Lite (1,000 pages) and ₹599/month for Plus (2,000 pages, 2 seats) after your trial ends. No hidden costs.
Stop Manual Voucher Entry.
TrulyInvoice automates your complete invoice workflow and syncs directly to Tally Prime.
No credit card · 14-day free trial
Upload Invoice
Drag & drop PDFs, scans, or photos.
AI Extraction
Line items, tax, and ledgers mapped.
1-Click Review
Verify extracted details on dashboard.
Direct Sync
Vouchers created instantly in Tally Prime.