Tax Calculator
NEW REGIME
OLD REGIME
💰 ANNUAL INCOME
₹
👤 AGE GROUP
age
📝 DEDUCTIONS (SECTION 80C, etc.)
80C (PPF, ELSS, LIC)
₹
80D (Health Insurance)
₹
HRA (if applicable)
₹
Other Deductions
₹
GROSS INCOME
₹ 12,00,000
TAXABLE INCOME
₹ 12,00,000
INCOME TAX
₹ 1,95,000
CESS (4%)
₹ 7,800
TOTAL TAX
₹ 2,02,800
including cess
MONTHLY TAX
₹ 16,900
per month
TAX RATE
16.9%
effective rate
IN-HAND MONTHLY
₹ 83,100
after tax
📊 TAX SLABS – NEW REGIME
| INCOME SLAB | TAX RATE | TAX AMOUNT |
|---|---|---|
| Up to ₹ 3,00,000 | 0% | ₹ 0 |
| ₹ 3,00,001 – ₹ 6,00,000 | 5% | ₹ 15,000 |
| ₹ 6,00,001 – ₹ 9,00,000 | 10% | ₹ 30,000 |
| ₹ 9,00,001 – ₹ 12,00,000 | 15% | ₹ 45,000 |
| ₹ 12,00,001 – ₹ 15,00,000 | 20% | ₹ 0 |
| Above ₹ 15,00,000 | 30% | ₹ 0 |
