Income Tax Calculator — Embeddable Widget

Informational only. This calculator provides estimates based on the information you enter and publicly available rates. It is not professional tax, financial, or legal advice. Verify results with a qualified chartered accountant or tax advisor before filing. See our disclaimer.

Annual Gross Income (Rs)

₹12,00,000

Age Group

New Regime saves you ₹1,63,800/year in taxes

New RegimeBetter

₹0

total annual tax

Taxable income₹11,25,000

Effective rate0%

Yearly in-hand₹12,00,000

Old Regime

₹1,63,800

total annual tax

Taxable income₹11,50,000

Effective rate13.65%

Yearly in-hand₹10,36,200

New Regime — Tax vs Take-Home

Tax: ₹0 (0%)

Take-home: ₹12,00,000 (100.0%)

New Regime — Slab Breakdown

₹0 – ₹4,00,000 @ 0%₹0

₹4,00,000 – ₹8,00,000 @ 5%₹20,000

₹8,00,000 – ₹12,00,000 @ 10%₹32,500

87A Rebate-₹52,500

Health & Education Cess (4%)₹0

Total Tax₹0

Component	New Regime	Old Regime
Gross Income	₹12,00,000	₹12,00,000
Total Deductions	₹75,000	₹50,000
Taxable Income	₹11,25,000	₹11,50,000
Tax (before rebate)	₹52,500	₹1,57,500
87A Rebate	₹52,500	₹0
Surcharge	₹0	₹0
Health & Education Cess (4%)	₹0	₹6,300
Total Tax	₹0	₹1,63,800
Effective Tax Rate	0%	13.65%
Yearly In-Hand	₹12,00,000	₹10,36,200