Calculate your income tax instantly and compare the Old vs New Tax Regime with accurate Indian income-tax rules — latest slabs, rebate, surcharge, marginal relief and cess.
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| Taxable income | Rate |
|---|---|
| Up to ₹4,00,000 | Nil |
| ₹4,00,001 – ₹8,00,000 | 5% |
| ₹8,00,001 – ₹12,00,000 | 10% |
| ₹12,00,001 – ₹16,00,000 | 15% |
| ₹16,00,001 – ₹20,00,000 | 20% |
| ₹20,00,001 – ₹24,00,000 | 25% |
| Above ₹24,00,000 | 30% |
Standard deduction ₹75,000 (salaried). Section 87A rebate up to ₹60,000 makes taxable income up to ₹12,00,000 tax-free. Surcharge capped at 25%. 4% health & education cess.
| Taxable income (below 60) | Rate |
|---|---|
| Up to ₹2,50,000 | Nil |
| ₹2,50,001 – ₹5,00,000 | 5% |
| ₹5,00,001 – ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
Basic exemption ₹3,00,000 (senior 60–80) or ₹5,00,000 (super-senior 80+). Standard deduction ₹50,000 (salaried). Section 87A rebate up to ₹12,500 (income up to ₹5,00,000). Full deductions available. Surcharge up to 37%. 4% cess.
Yes — under the new regime a resident individual with taxable income up to ₹12 lakh pays no tax thanks to the enhanced ₹60,000 Section 87A rebate. For salaried people the ₹75,000 standard deduction lifts the effective tax-free salary to about ₹12.75 lakh. The rebate does not apply to special-rate income like capital gains.
It depends on your deductions. If you claim substantial 80C, 80D, HRA and home-loan interest, the old regime can win. With few deductions the new regime's lower rates usually cost less. This tool computes both and highlights the winner.
When income just crosses a surcharge threshold (₹50 lakh, ₹1 crore and so on), marginal relief ensures the extra tax plus surcharge never exceeds the extra income above that threshold. This calculator applies it automatically.
Very few — the ₹75,000 standard deduction for salaried individuals and the employer's NPS contribution under 80CCD(2). Most others including 80C, 80D and HRA are not available under the new regime.
Tax planning is more than a slab table. Book a free consultation and we'll fine-tune your regime choice, deductions and advance-tax schedule.