Indian Income Tax Calculator (New Regime)

Annual Gross Salary/Income (₹)

₹

Other Deductions (e.g., 80CCD(2), New Regime only)

₹

Beyond the standard ₹50,000

Rebates/Credits (e.g., TDS paid, not 87A)

₹

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 ₹0

2. Tax Liability (Pre-Cess) ₹0

3. FINAL Tax Owed (Incl. 4% Cess) ₹0

ANNUAL NET INCOME (Take-Home Pay) ₹0

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.

A Tax Calculator is a vital tool that simplifies the complex math of brackets, surcharges, and exemptions, providing you with a clear picture of your “take-home” pay.