Income Tax Calculator — New Regime (India)
New-regime tax on salary with ₹75k standard deduction, 87A rebate to ₹12 lakh and slab-wise breakup.
Formula
Disclaimer: Informational estimate using recently applicable rates/slabs — budgets change them. Verify current-year rules or consult a tax professional. This is not tax advice.
Disclaimer: This tool is for general informational and estimation purposes only and is not professional financial, tax, accounting or legal advice. All figures are estimates — verify with a qualified professional before making decisions. Read the full disclaimer.
Need income tax calculator results fast? Skip the spreadsheet and get a clear, defensible answer in one step — free, private and instant, recalculating live as you change any input.
About Income Tax Calculator — New Regime (India)
The new regime is now India's default tax system, and its headline is the rebate: salaried income up to ₹12.75 lakh (₹12 lakh taxable + ₹75,000 standard deduction) pays ZERO tax under Section 87A. Above that line, the slab ladder above applies — the default ₹15 lakh salary pays about ₹97,500 including cess, an effective rate of just 6.5%. What the new regime trades away: most deductions — 80C, 80D, HRA, home-loan interest on self-occupied property — are unavailable; you get the ₹75,000 standard deduction, employer NPS (80CCD(2), the most under-used legal deduction left), and little else. The simplification IS the product: no proof-collection Februarys, no investment decisions driven by tax rather than merit. Marginal-rate intuition for decisions: each extra rupee between ₹12-16L taxable costs 15% (plus cess), between ₹20-24L costs 25% — far gentler than the old regime's 30% wall at ₹10L. Salary negotiations, FD-vs-equity choices and rent decisions all key off YOUR marginal slab, which the breakup above makes visible. Use the old-vs-new comparison tool beside this one before filing — heavy 80C/HRA users can still beat the default.
How to use Income Tax Calculator — New Regime (India)
- 1Enter Gross annual salary into the Income Tax Calculator.
- 2The result is computed automatically using Slabs (new regime): 0–4L nil · 4–8L 5% · 8–12L 10% · 12–16L 15% · 16–20L 20% · 20–24L 25% · 24L+ 30% ; 87A rebate zeroes tax up to ₹12L taxable — there is no button to press; it updates live as you type.
- 3Change any input to model a different scenario, then use “Copy result link” to share the exact numbers.
Why use Income Tax Calculator — New Regime (India)?
- ✓Computes income tax calculator instantly with the correct formula — no spreadsheet needed
- ✓100% free and unlimited, with no sign-up, login or paywall
- ✓Runs entirely in your browser, so the figures you enter are never uploaded or stored
- ✓Shows the formula, a live worked example and references so you can defend the number
Frequently asked questions
₹12 lakh tak sach me zero tax hai?+
Taxable ₹12 lakh tak — yaani salaried ke liye gross ₹12.75 lakh (₹75k standard deduction ke baad) — Section 87A rebate poora tax zero kar deta hai. Dhyan: ₹12 lakh PAAR hote hi rebate hat'ta hai aur poori slab-tax lagti hai (marginal relief border ke thoda upar walon ko bachata hai). Capital gains is rebate me cover nahi hote.
₹15 lakh salary par kitna tax banta hai new regime me?+
Lagbhag ₹97,500 (cess sahit): ₹75k SD ke baad ₹14.25L taxable par slab-wise — 4-8L par 5% (₹20k), 8-12L par 10% (₹40k), 12-14.25L par 15% (₹33,750) = ₹93,750 + 4% cess. Effective rate sirf 6.5% — old regime me bina bade deductions ke isi salary par ~₹1.32L banta.
New regime me kaunse deductions bach gaye hain?+
Mukhya teen: ₹75,000 standard deduction (salaried/pension), employer ka NPS contribution 80CCD(2) (basic ka 14% tak — sabse powerful bacha hua lever; employer se restructure karwayein), aur family-pension deduction. 80C/80D/HRA/24(b) self-occupied — sab new regime me nahi milte. Letting-out property ka interest set-off seemit roop me chalta hai.
Job badli hai — TDS double kat raha hai, kya karoon?+
Naye employer ko Form 12B me purani salary + TDS declare kijiye, warna dono employer alag-alag ₹12L-rebate maan kar kam TDS kaatte hain aur March me bada tax due nikalta hai (ulta case bhi hota hai). Self-check: dono salaries jod kar is calculator me daaliye — jo annual tax dikhe, usse ab tak kate TDS se milaiye; antar advance-tax se bharein.
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