Income Tax Calculator
Calculate Income Tax under New Tax Regime rules instantly
Salary & Income
Taxation Summary
Income Distribution
Monthly Cash Flow
Progressive Tax Slab Breakdown
See exactly how tax applies incrementally across bracket slabs| Income Slab | Slab Rate | Taxable Amount in Slab | Tax in Slab |
|---|---|---|---|
| Up to ₹4L | 0% | ₹400,000 | ₹0 |
| ₹4L - ₹8L | 5% | ₹400,000 | ₹20,000 |
| ₹8L - ₹12L | 10% | ₹400,000 | ₹40,000 |
| ₹12L - ₹16L | 15% | ₹0 | ₹0 |
| ₹16L - ₹20L | 20% | ₹0 | ₹0 |
| ₹20L - ₹24L | 25% | ₹0 | ₹0 |
| Above ₹24L | 30% | ₹0 | ₹0 |
| Health & Education Cess | 4% | (Calculated on Base Tax) | ₹2,400 |
Tax Planning Insights
Kept Income Ratio
You retain approximately 94.8% of your gross salary. Your net annual cash reserve amounts to ₹1,137,600.
Effective Burden
The effective tax percentage is 5.2%. This is lower than the highest tax bracket due to standard progressive slab offsets.
Monthly Cache Flow
Your estimated take-home earnings are ₹94,800 per month, with monthly tax deductions average at ₹5,200.
Frequently Asked Questions
What is the Income Tax Calculator?
It is a tool that computes your estimated personal income tax liability based on Indian tax laws, tax slabs, and exemptions.
What is the difference between Old and New Tax Regimes?
The Old Regime offers tax exemptions (like 80C, 80D, HRA) with higher tax slab rates. The New Regime offers lower tax slab rates but removes most standard exemptions.
What is the standard deduction in salary income?
A standard deduction of ₹75,000 is directly deducted from gross salary income (applicable under both old and new regimes as per recent regulations).
What is the tax rebate under Section 87A?
Section 87A offers a rebate to resident individuals if their taxable income does not exceed threshold limits (effectively zero tax up to ₹7 Lakhs in the New Regime).
How is the health and education cess calculated?
A flat 4% Health and Education Cess is calculated on the total income tax amount payable before cess.
Are capital gains or rental income calculated here?
This tool is optimized for standard salaried tax computations. Complex business profits or capital gains require specialized audits.
Does this calculator save my salary details?
No. All inputs, calculations, and slab distributions occur in real-time inside your browser. No financial data is sent to a server.
Who should use this tax calculator?
It is designed for salaried individuals, freelancers, and professionals in India wishing to plan and compare tax liability distributions.