Income Tax Calculator (New Tax Regime As per July 2024 Budget)
Income (Round off):
Tax on above:
(-) Rebate u/s 87A:
Tax After Rebate:
(+) Cess@ 4%:
Tax Payable:
* For salaried employees, standard deduction of Rs. 75,000 can be deducted from the Gross Salary to arrive the Taxable Income. Additionally, taxable income includes other earnings such as interest from savings bank accounts, fixed deposits, and also from other heads of incomes.
