ToolkitBeeHow to use
- Enter your total yearly income before tax.
- Keep "Salaried" ticked if you get a salary or pension.
- Choose your age group.
- Enter your deductions — they only count in the old regime.
- See the tax under both regimes and which one is better.
Formula
New regime slabs: up to ₹4 lakh nil · ₹4–8 lakh 5% · ₹8–12 lakh 10% · ₹12–16 lakh 15% · ₹16–20 lakh 20% · ₹20–24 lakh 25% · above ₹24 lakh 30%. Standard deduction ₹75,000, and no tax up to ₹12 lakh taxable income (87A rebate, with marginal relief).
Old regime slabs: up to ₹2.5 lakh nil (₹3 lakh at 60+, ₹5 lakh at 80+) · up to ₹5 lakh 5% · ₹5–10 lakh 20% · above ₹10 lakh 30%. Standard deduction ₹50,000, rebate up to ₹12,500 if taxable income is ₹5 lakh or less.
Surcharge above ₹50 lakh (10%), ₹1 crore (15%), ₹2 crore (25%) and ₹5 crore (37% old regime; new regime capped at 25%), with marginal relief. Health & education cess: 4%.
Frequently asked questions
Is income up to ₹12 lakh tax-free?
Yes, in the new regime. Taxable income up to ₹12 lakh has no tax because of the 87A rebate. For salaried people, the ₹75,000 standard deduction makes a salary of up to ₹12.75 lakh tax-free.
Which regime should I choose?
The new regime is better for most people unless they have large deductions — usually more than ₹4–5 lakh a year in 80C, 80D, HRA and home loan interest put together. The calculator compares both for you.
Does this cover capital gains?
No. Capital gains from shares, mutual funds or property are taxed at special rates. This calculator is for regular income such as salary, pension, interest and rent. It assumes you are a resident individual.