Income Tax Calculator
Estimate your income tax under India's New Regime (FY 2024-25) with slabs, rebate and cess.
- Taxable income
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- Tax before cess
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- Health & education cess (4%)
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This is an estimate under the New Regime (FY 2024-25). Verify with a tax professional before filing.
Estimate your tax under the New Regime
This calculator estimates income tax for individuals under India's New Tax Regime for FY 2024-25 (AY 2025-26). Salaried taxpayers and pensioners can claim a ₹50,000 standard deduction. It is a planning estimate only — your final liability depends on your full return, other income and any deductions you are entitled to, so confirm with a tax professional.
New Regime slabs (FY 2024-25)
Tax is charged in slabs: nil up to ₹3 lakh, 5% from ₹3–7 lakh, 10% from ₹7–10 lakh, 15% from ₹10–12 lakh, 20% from ₹12–15 lakh and 30% above ₹15 lakh. A Section 87A rebate makes the tax nil when taxable income is up to ₹7 lakh, and a 4% health and education cess is added on the tax that remains.
How to use the Income Tax Calculator
- Enter your annual income. Type your gross annual income for the financial year.
- Tick if salaried. Leave the box ticked to apply the ₹50,000 standard deduction for salary or pension.
- Read your taxable income. See income after the standard deduction, then the slab tax before cess.
- Check total tax. See the 4% cess and your estimated total tax payable for the year.
Frequently asked questions
Which regime does this calculator use?
It uses the New Tax Regime for FY 2024-25 (AY 2025-26), which is the default regime. It does not compute Old Regime tax with its separate deductions.
What is the Section 87A rebate?
Under the New Regime, the 87A rebate makes your tax nil if taxable income is up to ₹7 lakh. Above that threshold the rebate no longer applies and normal slab tax is charged.
Is the ₹50,000 standard deduction always available?
It applies to salaried individuals and pensioners under the New Regime. Untick the box if your income is not salary or pension so no standard deduction is applied.
Is this an exact tax figure?
No. It is an estimate of slab tax plus 4% cess. Surcharge on very high incomes, capital gains taxed at special rates and other adjustments are not included.