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Income Tax Calculator
Estimate your India income tax under Old or New regime. Includes standard deduction and 4% cess.
Tax Regime
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What is Income Tax
What is Income Tax
Income tax is a tax imposed by the government on the income earned by individuals and businesses. In India, it is calculated based on income slabs.
Tax Regimes in India
Tax Regimes in India
Old Tax Regime
• Allows deductions (80C, 80D, HRA, etc.)
• Higher tax rates
New Tax Regime
• Lower tax rates
• No major deductions allowed
Tax Slabs (Latest)
Tax Slabs (Latest – Simplified)
New Regime
Up to ₹3,00,000Nil
₹3,00,001 – ₹6,00,0005%
₹6,00,001 – ₹9,00,00010%
₹9,00,001 – ₹12,00,00015%
₹12,00,001 – ₹15,00,00020%
Above ₹15,00,00030%
How Tax is Calculated
How Tax is Calculated
Tax is calculated based on your total income and applicable slab rates after deductions (if using old regime).
Example:
Income = ₹10,00,000 | Regime = New
Estimated Tax ≈ ₹60,000 (approx, excluding cess)
Income = ₹10,00,000 | Regime = New
Estimated Tax ≈ ₹60,000 (approx, excluding cess)
Why Income Tax Calculator is Useful
Quick tax estimation
Get an instant estimate of your tax liability
Helps compare old vs new regime
See which regime saves you more tax
Assists in financial planning
Plan your investments and savings better
Helps optimize tax savings
Identify the best regime for your income
Regime Comparison
New vs Old Regime
Based on your current inputs
Annual Income₹10,00,000
New Regime Tax₹60,000
Old Regime Tax₹75,000
You Save₹15,000 (New Better)
Frequently Asked Questions
It is a tax on income earned by individuals.
It depends on your income and deductions.
Yes, based on eligibility rules.
It may exclude cess; actual tax may vary slightly.