Enter your annual income and pick a regime to estimate your income tax, including the standard deduction, Section 87A rebate, and 4% health & education cess.
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The new regime has lower slab rates and a standard deduction of ₹75,000 for salaried taxpayers, with a full rebate up to ₹7,00,000 taxable income. The old regime keeps a ₹50,000 standard deduction and rebate up to ₹5,00,000, but lets you claim deductions like 80C and HRA. This estimate uses slab rates and a 4% cess — confirm with current Finance Act provisions.
It removes tax entirely below a threshold — taxable income up to ₹7,00,000 under the new regime, or ₹5,00,000 under the old regime — so no tax is payable up to that level.
No. This tool applies the standard deduction only. Under the old regime you can claim additional deductions (80C, 80D, HRA, etc.); subtract those from income before entering it for a closer estimate.