Tax Calculator
Calculate income tax for India and US tax systems
New regime: ₹75K standard deduction included, limited other deductions
Standard deduction of ₹75,000 is automatically included for salaried individuals
Enter income details and click Calculate to see tax breakdown
New Tax Regime (Default)
Tax Slabs:
• Up to ₹4 lakh: 0%
• ₹4-8 lakh: 5%
• ₹8-12 lakh: 10%
• ₹12-16 lakh: 15%
• ₹16-20 lakh: 20%
• ₹20-24 lakh: 25%
• Above ₹24 lakh: 30%
Benefits:
• Standard deduction: ₹75,000
• Section 87A rebate: ₹60,000 (up to ₹12L income)
• Zero tax up to ₹12.75 lakh for salaried
• Lower rates, simplified filing
Old Tax Regime (Optional)
Tax Slabs:
• Up to ₹2.5 lakh: 0%
• ₹2.5-5 lakh: 5%
• ₹5-10 lakh: 20%
• Above ₹10 lakh: 30%
Benefits:
• All deductions allowed (80C, 80D, HRA, etc.)
• Section 87A rebate: ₹12,500 (up to ₹5L income)
• Better for high deduction claims
• Home loan interest, LTA, etc.
Which Regime to Choose?
Choose New Regime if:
- 💡Income up to ₹12.75 lakh (salaried)
- 💡Limited deductions to claim
- 💡Want simplified tax filing
- 💡Prefer lower tax rates
Choose Old Regime if:
- 💡High deductions (₹8+ lakh annually)
- 💡Claim HRA, home loan interest
- 💡Significant 80C investments
- 💡Higher income with many exemptions
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