Income tax calculator
Income Tax Calculator: Estimate Your New Regime Liability
Understanding your income tax liability upfront helps with salary negotiations, investment planning, and cash flow management through the year. This calculator applies the simplified new-regime slab structure, including the Section 87A rebate for eligible incomes and the standard 4% Health and Education Cess, to give you a quick, realistic estimate.
Enter your annual income and standard deduction below to see your taxable income, applicable rebate, and estimated tax liability. Since tax laws and slab thresholds can change with each Union Budget, always cross-check against the latest official rates before making financial decisions.
Simplified tax + cess estimate
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Frequently asked questions
Which tax regime does this calculator use?
This calculator uses the simplified new tax regime slab structure, which applies lower slab rates but does not allow most deductions and exemptions available under the old regime, such as HRA or Section 80C.
What is the rebate under Section 87A?
Section 87A provides a tax rebate for resident individuals whose taxable income is within a specified threshold, effectively reducing their tax liability to zero up to that income level under the new regime.
Does this include cess?
Yes. The final tax figure includes a 4% Health and Education Cess applied on top of the base tax after rebate, matching how the actual tax liability is computed.
Can I switch between the old and new tax regime?
Salaried individuals can generally choose their preferred regime each financial year when filing returns, while those with business income face restrictions on switching back and forth. Consult a tax professional for your specific situation.
Is this calculator a substitute for professional tax advice?
No. This tool provides a simplified estimate for planning purposes only. Your actual tax liability depends on your complete income sources, deductions, and applicable provisions, so consult a qualified CA or tax advisor before filing.
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