Income Tax Calculator
Calculate your net tax liability and compare Old vs New Tax Regimes
Estimated Tax Payable (New Regime)
₹0
Estimated Tax Payable (Old Regime)
₹46,800
Income Tax Guidelines:
• Standard Deduction: ₹75,000 for salaried individuals under the New Regime.
• New Regime Rebate: Taxable income up to ₹12 Lakhs attracts full Section 87A rebate resulting in zero tax (effectively up to ₹12.75 Lakhs for salaried individuals with standard deduction).
• Old Regime: Standard deduction is ₹50,000, and rebate applies up to ₹5 Lakhs taxable income.
• Standard Deduction: ₹75,000 for salaried individuals under the New Regime.
• New Regime Rebate: Taxable income up to ₹12 Lakhs attracts full Section 87A rebate resulting in zero tax (effectively up to ₹12.75 Lakhs for salaried individuals with standard deduction).
• Old Regime: Standard deduction is ₹50,000, and rebate applies up to ₹5 Lakhs taxable income.