Income Tax Calculator
Estimate your income tax and compare the Old and New Tax Regimes.
Enter the essentials
Give us your financial year, age and annual income first. Detailed inputs are optional.
You save ₹1,63,800 with the recommended regime.
Old Regime vs New Regime
Standard deduction and applicable rebate rules are applied automatically.
| Tax detail | New Regime | Old Regime |
|---|---|---|
| Gross income | ₹12,00,000 | ₹12,00,000 |
| Standard deduction | ₹75,000 | ₹50,000 |
| Other deductions | ₹0 | ₹0 |
| Taxable income | ₹11,25,000 | ₹11,50,000 |
| Tax before rebate | ₹52,500 | ₹1,57,500 |
| Rebate | -₹52,500 | -₹0 |
| Cess and surcharge | ₹0 | ₹6,300 |
| Total tax | ₹0 | ₹1,63,800 |
Old Regime deductions
Applicable limits are applied automatically. These inputs affect the Old Regime comparison.
Know your tax position
Enter TDS and other tax payments to estimate remaining tax or refund.
How your New Regime tax was calculated
₹12,00,000↓Standard deduction
-₹75,000↓Taxable income
₹11,25,000↓Slab tax + rebate + cess
₹0
| Tax slab | Amount in slab | Rate | Tax |
|---|---|---|---|
| ₹0 - ₹4,00,000 | ₹4,00,000 | 0% | ₹0 |
| ₹4,00,000 - ₹8,00,000 | ₹4,00,000 | 5% | ₹20,000 |
| ₹8,75,000 - ₹12,00,000 | ₹3,25,000 | 10% | ₹32,500 |
Areas to review before you file
These are planning prompts, not personalized tax advice.
What is taxable income?
Taxable income is the income on which tax is calculated after eligible deductions and the standard deduction are applied. Gross income and taxable income are not always the same.
Old vs New Tax Regime
The New Regime generally offers simpler slabs with fewer deductions. The Old Regime can be useful when eligible deductions are substantial. Compare both using the same income details.
Standard deduction
The calculator applies the configured standard deduction for the selected financial year and regime, and shows it transparently in the comparison.
TDS and cess
TDS is tax deducted at source during the year. Health and Education Cess is calculated at 4% of applicable tax and surcharge in this estimate.
Income Tax FAQs
How is income tax calculated in India?
The calculator applies the selected year's slabs, standard deduction, applicable rebate, surcharge and 4% cess to estimate tax.
Which tax regime is better?
It depends on your income and eligible deductions. Compare both regimes using the same inputs.
What is standard deduction?
The calculator applies the selected year's slabs, standard deduction, applicable rebate, surcharge and 4% cess to estimate tax.
What is taxable income?
The calculator applies the selected year's slabs, standard deduction, applicable rebate, surcharge and 4% cess to estimate tax.
How does Section 80C reduce tax?
The calculator applies the selected year's slabs, standard deduction, applicable rebate, surcharge and 4% cess to estimate tax.
What is TDS?
TDS is tax deducted at source by the payer and credited toward your tax liability.
How do I calculate tax after TDS?
The calculator applies the selected year's slabs, standard deduction, applicable rebate, surcharge and 4% cess to estimate tax.
Tax rules can change and individual outcomes depend on your complete facts, exemptions, capital-gain type and filing status. This calculator is an estimate, not tax advice. Verify current rules with official sources or a qualified tax professional.
HOW IT WORKS
How to use Income Tax Calculator
Estimate your income tax and compare the Old and New Tax Regimes.
1. Enter the required input
Provide the information or file requested by Income Tax Calculator.
2. Set your options
Choose the settings that match the result you need, then run the tool.
3. Review and use the result
Check the output and copy, save, or download it as appropriate.