Indian Income Tax Calculator (New Regime)
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Beyond the standard ₹50,000
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e.g., Tax Deducted at Source (TDS)
Standard Deduction Included: A fixed **₹50,000** has been automatically deducted from your Gross Income.
1. Taxable Income
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2. Tax Liability (Pre-Cess)
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3. FINAL Tax Owed (Incl. 4% Cess)
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ANNUAL NET INCOME (Take-Home Pay)
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Gross Income Breakdown
India Tax Regime Details
This calculator uses the **New Tax Regime** (FY 2024-25), which features:
Progressive Slabs:
Tax is calculated based on ascending income brackets (e.g., 5% on income between ₹3L and ₹6L, 10% between ₹6L and ₹9L, etc.).
Rebate 87A:
The tax payable is completely **waived** for Taxable Income up to **₹7,00,000**.
Cess:
A **4% Health and Education Cess** is added on top of the calculated income tax.
This is a simplified tool. It does not account for complex variables like Surcharge, HRA, specific investment deductions (e.g., 80C), or capital gains.