Income Tax Calculator
Income Tax Calculator
Estimate your tax liability based on the New Tax Regime.
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Total Estimated Tax
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(Includes Standard Deduction & 87A Rebate if applicable)
About Income Tax in India
This calculator provides a quick estimate of your tax liability under the New Tax Regime. The new regime offers lower tax rates and a standard deduction of ₹50,000, making it highly beneficial for taxpayers not claiming heavy investment deductions (like 80C, HRA, etc.). Under this regime, income up to ₹7 Lakhs is effectively tax-free due to the Section 87A rebate.
Disclaimer
The results provided by this calculator are for informational purposes only. Tax laws are subject to change, and a 4% Health and Education Cess is typically added to the final tax. Consult a certified CA for actual filing.