Income Tax Calculator

Estimate your income tax under the New Tax Regime slabs.

₹

Calculated under the New Tax Regime with the standard ₹75,000 deduction applied automatically. Assumes salaried income.

Total Tax Payable

₹0

Taxable Income

₹11,25,000

Health & Education Cess

₹0

Effective Tax Rate

0.0%

Estimated In-Hand (Annual)

₹12,00,000

What is an Income Tax Calculator?

An income tax calculator estimates how much tax you owe based on your annual income, using the applicable tax slabs. This calculator uses India's New Tax Regime — the default regime for most taxpayers — including the standard deduction and the Section 87A rebate.

Tax slabs and rebate thresholds are set in the Union Budget and can change every financial year, so treat this as a planning estimate, not a substitute for your actual tax filing.

How New Regime Tax Works

  • ✓Income up to ₹12,00,000 (after standard deduction) is effectively tax-free due to the Section 87A rebate.
  • ✓Tax is calculated slab by slab — only the income within each slab is taxed at that slab's rate.
  • ✓A 4% Health & Education Cess applies on top of the calculated tax.

Frequently Asked Questions

Is this the Old or New Tax Regime?+

This calculator uses the New Tax Regime, which is now the default regime for most taxpayers and offers fewer deductions but generally lower rates.

Do I pay any tax if my income is under ₹12 lakh?+

Under the New Regime, the Section 87A rebate reduces tax to nil for taxable income up to ₹12,00,000 — though you may still need to file a return.

Why does this not match my actual tax exactly?+

This is an estimate based on standard assumptions (salaried income, standard deduction only). Additional deductions, other income sources, or regime changes can affect your actual liability — consult a CA for exact filing figures.