Income Tax Calculator
New Tax Regime
Income (Round off):
Tax on above:
(-) Rebate u/s 87A:
Tax After Rebate:
(+) Cess@ 4%:
Tax Payable:
Old Tax Regime
Income (Round off):
Tax on above:
(-) Rebate u/s 87A:
Tax After Rebate:
(+) Cess@ 4%:
Tax Payable:
Beneficial Tax Regime
Benefit:
* For salaried employees, standard deduction of Rs. 50,000 need to 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.
** For eligible deductions and exemptions please click here.