Income Tax Calculator (New Regime)
Estimate your approximate income tax liability under India's new tax regime slabs. This is an estimate only — please verify current-year slabs with a tax professional or the Income Tax Department before filing.
Results (New Regime, before cess)
| Tax Before Rebate | |
|---|---|
| Section 87A Rebate | |
| Tax After Rebate | |
| Health & Education Cess (4%) | |
| Total Tax Payable |
About the new tax regime
India's new tax regime uses lower slab rates but removes most exemptions and deductions available under the old regime, such as HRA, 80C, and standard deductions on various investments. It is the default regime unless a taxpayer opts for the old regime instead.
How this calculator works
This tool applies slab-wise tax rates to your annual taxable income, then applies the Section 87A rebate that brings tax to nil for taxable income up to a threshold, followed by a 4% health and education cess on the remaining tax.
Important note
Tax slabs, rebate limits, and cess rules are revised periodically in the Union Budget. This calculator uses commonly published new-regime slab structures as a planning estimate — always confirm the applicable rates for your specific financial year with a chartered accountant or the official Income Tax Department website before filing.
Frequently Asked Questions
Is this calculator accurate for every financial year?
Tax slabs and rebate limits change with each Union Budget, so this tool should be used only as a rough planning estimate. Always verify current rates with a tax professional or the Income Tax Department before filing.
Can I claim deductions like 80C under the new tax regime?
Most common deductions and exemptions, including Section 80C and HRA, are not available under the new tax regime. A limited standard deduction may still apply for salaried individuals.
Should I choose the new regime or the old regime?
It depends on how many deductions and exemptions you can claim. Taxpayers with large eligible deductions often benefit more from the old regime, while those with fewer deductions typically benefit from the new regime's lower slab rates.
What is the Section 87A rebate?
It is a rebate that reduces tax liability to nil for taxpayers whose total taxable income falls at or below a specified threshold under the chosen tax regime.
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