Quickly calculate your total tax outgo, including applicable rebates under Section 87A and Health & Education Cess. Compare the Old and New tax regimes to optimize your financial planning.
The New Tax Regime is now the default choice. Under the latest budget, slabs have been revised to provide greater relief, with no tax for income up to ₹12 Lakhs after considering Section 87A rebate.
This rebate reduces your tax liability to zero if your total taxable income stays below a certain threshold—₹5 Lakhs in the Old Regime and up to ₹12 Lakhs in the New Regime (as per latest provisions).
A standard deduction is a flat amount subtracted from your gross salary before calculating tax. The current calculator assumes you are entering "Net Taxable Income" (Income after standard deductions).
Disclaimer: This calculator is for illustrative purposes only. Actual tax liability should be verified with a qualified tax consultant or the official IT department portal.
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