Income Tax Calculator (New Regime)
This calculator estimates income tax for a salaried individual under the new tax regime, which is the default regime in India. Enter your annual salary and it applies the standard deduction, the tax slabs, the Section 87A rebate and the 4% health and education cess.
Income Tax Calculator (New Regime)
Example values are shown to start with. Change them to your own numbers. Everything is calculated in your browser.
The result is an estimate for planning. It assumes your only income is salary and that you claim only the standard deduction. Other income, deductions or surcharge will change your actual tax, so always check your final figure against official sources or with a tax professional.
Worked example
With the starting values below, the calculator gives the results in the second table.
| Annual salary | ₹15,00,000 |
|---|
| Income tax (with 4% cess) | ₹97,500.00 |
|---|---|
| Taxable income | ₹14,25,000.00 |
| Effective rate | 6.5% |
| Monthly take-home | ₹1,16,875.00 |
How to use this calculator
- Enter your annual gross salary.
- Read the taxable income after the standard deduction.
- Read the estimated income tax including cess, the effective tax rate and your monthly take-home pay.
Formula
- Monthly take-home = (salary − tax) ÷ 12. This ignores provident fund, professional tax and other payroll deductions.
| Taxable income | Rate |
|---|---|
| Up to ₹4,00,000 | Nil |
| ₹4,00,001 – ₹8,00,000 | 5% |
| ₹8,00,001 – ₹12,00,000 | 10% |
| ₹12,00,001 – ₹16,00,000 | 15% |
| ₹16,00,001 – ₹20,00,000 | 20% |
| ₹20,00,001 – ₹24,00,000 | 25% |
| Above ₹24,00,000 | 30% |
Assumptions
- You are a resident individual with salary as your only income.
- Only the standard deduction of ₹75,000 is claimed.
- The new tax regime applies. Deductions that exist only in the old regime, such as 80C and HRA exemption, are not available.
- Surcharge, which applies at higher incomes, is not included.
Limitations
- Tax laws, slabs, rebates and deductions can change in any Budget. Check the figures for your assessment year.
- Employer contributions to NPS, other income, capital gains, and income from business are not modelled.
- This is not tax advice and is not a substitute for filing guidance.
Frequently asked questions
Is income up to ₹12 lakh tax-free under the new regime?
Taxable income up to ₹12,00,000 gets a full rebate under Section 87A, so the tax is nil. For a salaried person who also claims the ₹75,000 standard deduction, a salary of up to ₹12,75,000 results in no tax.
What is the standard deduction in the new regime?
₹75,000 for salaried individuals, which is applied automatically in this calculator.
Does this calculator include surcharge?
No. Surcharge applies at higher incomes. If your income is high, use the Income Tax Department's tools or ask a tax professional.
Which year do these slabs apply to?
The slabs on this page are those for FY 2026-27 (assessment year 2027-28). The Budget 2026-27 left the new-regime slabs unchanged. Confirm on the Income Tax Department website before relying on the result.
Why is my employer's figure different?
Payroll tax is computed with your declarations, other income and deductions, and with monthly averaging. This page models a simple case only.
Related calculators
- SIP CalculatorEstimate the maturity value of a monthly SIP investment.
- GST CalculatorAdd GST to a price or remove it from a GST-inclusive price.
- Simple Interest CalculatorInterest and total amount when interest is not compounded.
Sources and method
The calculation follows the slab structure shown above. See how our calculators work.
Results are estimates for planning only and are not financial, tax or legal advice. Rates, rules and your own circumstances can change the outcome. Read our disclaimer.