Income Tax Calculator (India)
Calculate income tax under India's new tax regime FY2024-25. See slab-wise breakdown, cess, and effective tax rate.
Tax Breakdown (New Regime FY2024-25)
| Slab | Rate | Taxable | Tax |
|---|---|---|---|
| ₹0 – ₹3,00,000 | 0% | ₹3,00,000 | ₹0 |
| ₹3,00,000 – ₹7,00,000 | 5% | ₹4,00,000 | ₹20,000 |
| ₹7,00,000 – ₹10,00,000 | 10% | ₹3,00,000 | ₹30,000 |
| ₹10,00,000 – ₹12,00,000 | 15% | ₹2,00,000 | ₹30,000 |
| ₹12,00,000 – ₹15,00,000 | 20% | ₹0 | ₹0 |
| ₹15,00,000 – Above | 30% | ₹0 | ₹0 |
Tax (before cess)
₹80,000
Cess (4%)
₹3,200
Total Tax
₹83,200
Effective Rate
6.93%
Frequently Asked Questions
What is the rebate under section 87A?▼
If taxable income is ₹7,00,000 or less under the new regime, the entire tax liability is waived.
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