Income Tax Calculator India
Calculate your income tax liability under the revised Indian New Tax Regime including standard deduction, Section 87A rebate, and cess.
About the Indian New Tax Regime
The revised New Tax Regime simplifies tax compliance with wider tax slabs, lower nominal rates, and an enhanced Section 87A tax rebate for middle-income earners.
Income Tax Slabs (Revised Framework)
- Up to ₹4,00,000: NIL
- ₹4,00,001 to ₹8,00,000: 5%
- ₹8,00,001 to ₹12,00,000: 10%
- ₹12,00,001 to ₹16,00,000: 15%
- ₹16,00,001 to ₹20,00,000: 20%
- ₹20,00,001 to ₹24,00,000: 25%
- Above ₹24,00,000: 30%
Frequently Asked Questions
What is the Section 87A rebate limit?
Resident individuals with net taxable income up to ₹12 Lakh receive a full tax rebate of up to ₹60,000, reducing their net income tax liability to zero.
How does the standard deduction benefit salaried employees?
Salaried taxpayers claim a flat ₹75,000 standard deduction, meaning an annual gross salary of up to ₹12.75 Lakh is effectively exempt from tax.
Are Chapter VI-A deductions (80C, 80D) available under the new regime?
No. Standard 80C and 80D deductions are discontinued under the new regime in exchange for lower base slab rates.
What is the Health and Education Cess?
A mandatory 4% cess is charged on the calculated income tax amount.
Calculate in three steps
- 1Enter your valuesUse the fields above and check the units shown beside each input.
- 2Run the calculationSelect Calculate to refresh the result with your latest values.
- 3Review or shareCompare the result, reset the form, print it, or share this page.