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Income Tax Calculator

Estimate your annual income tax under India's new tax regime instantly. For most salaried earners under ₹15 lakh, the new regime is now more attractive than the old one.

₹
₹1,00,000₹5,00,00,000
Taxable Income₹11,25,000
Income Tax₹68,750
Health & Edu Cess (4%)₹2,750
Total Tax Payable₹71,500
SIP

Formula

Tax = Σ (slab amount × slab rate) + 4% cess

FY 2024–25 New Tax Regime with ₹75,000 standard deduction.

Where

  • Slabs= 0–3L: 0%, 3–7L: 5%, 7–10L: 10%, 10–12L: 15%, 12–15L: 20%, >15L: 30%
  • Cess= 4% Health & Education Cess on tax

How to use the Income Tax Calculator

  1. 1Enter your gross annual income.
  2. 2Standard deduction of ₹75,000 is auto-applied.

Why it matters

  • Plan tax-saving investments.
  • Decide between old and new regime.
  • No paperwork.

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Frequently asked questions

Should I pick old or new tax regime?+

If your 80C + HRA + home loan deductions exceed ~₹4 lakh, old regime usually wins. Otherwise, new regime.