Income Tax Calculator

New regime is better if your deductions (80C + 80D + HRA + home loan) are under ₹3.75L for ₹10L income. Use this calculator to find your exact break-even point.

For ₹10L income in new regime: taxable income = ₹9.25L (after ₹75K standard deduction). Tax = ₹0 + ₹20,000 (5% on ₹4L-8L) + ₹12,500 (10% on ₹8L-9.25L) = ₹32,500 + 4% cess = ₹33,800.

Standard deduction is ₹75,000 in the new regime and ₹50,000 in the old regime for salaried employees.

Yes. Under Section 87A, if your taxable income (after standard deduction) is up to ₹7L in new regime, you get a full tax rebate — zero tax payable.

In new regime, only standard deduction (₹75K) and employer NPS contribution (Section 80CCD(2)) are allowed. 80C, 80D, HRA, home loan interest are not available.

4% cess is levied on total income tax. This funds health and education schemes. It applies to all taxpayers after surcharge if applicable.

Surcharge of 10% applies if income exceeds ₹50L. 15% surcharge applies above ₹1 crore. Marginal relief is available at these thresholds.

Crypto gains are taxed at flat 30% regardless of holding period, plus 1% TDS on transfers above ₹50,000. Losses cannot be offset against other income.