Calculate income tax under New Regime and Old Regime calculate kaun better hai.
| Income Slab | Tax Rate |
|---|---|
| Up to Rs 3,00,000 | Nil |
| Rs 3,00,001 - Rs 7,00,000 | 5% |
| Rs 7,00,001 - Rs 10,00,000 | 10% |
| Rs 10,00,001 - Rs 12,00,000 | 15% |
| Rs 12,00,001 - Rs 15,00,000 | 20% |
| Above Rs 15,00,000 | 30% |
*Income up to Rs 7L qualifies for rebate u/s 87A — tax will be nil.
Disclaimer: Tax calculation is approximate. Actual liability depends on surcharge, cess and other factors. Please verify with a CA or tax advisor.
Income tax in India is charged on your total annual income after eligible deductions, using slab rates that rise as income increases. There are two regimes — the older regime with deductions and exemptions, and the newer regime with lower slab rates but fewer deductions. Choosing the right one depends on how many deductions you can claim.
This income tax calculator estimates your liability by applying the current slab rates to your taxable income and adding the 4% health-and-education cess. Enter your income and deductions to compare both regimes and see which one leaves you with more take-home pay.
For example, under the new regime a salaried person earning ₹12 lakh pays tax slab-by-slab rather than a flat rate — the first slice is tax-free, the next taxed at a low rate, and so on. Because the calculation is layered, a calculator saves you from manual slab arithmetic and helps you plan investments to reduce tax legally.
If you claim large deductions (80C, home loan, HRA), the old regime may win; otherwise the new regime's lower rates often help. Compare both.
Yes, a 4% health and education cess is added to your total tax.