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Income Tax Calculator

Calculate your income tax liability and plan your tax savings efficiently

Income Tax Calculator

Calculate your tax liability for FY 2023-24 (AY 2024-25) as per Indian tax laws

Income Details

New Tax Regime

Default for FY 2023-24

Old Tax Regime

With deductions

₹12,00,000

Deductions & Exemptions

₹1,50,000
₹25,000

Tax Calculation Results

Total Taxable Income
₹9,25,000
Total Tax Liability
₹97,500
Tax After Rebate
₹97,500
Effective Tax Rate
8.1%

Tax Breakdown

Income Tax ₹97,500
Surcharge ₹0
Cess (4%) ₹3,900
Total Tax Payable ₹1,01,400

Tax Slabs (New Regime)

Up to ₹3,00,000 Nil
₹3,00,001 - ₹6,00,000 5%
₹6,00,001 - ₹9,00,000 10%
₹9,00,001 - ₹12,00,000 15%
₹12,00,001 - ₹15,00,000 20%
Above ₹15,00,000 30%

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