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Indian Income Tax Calculator
Input Details
₹10,00,000
Not applicable in New Tax Regime
Tax Calculation Results
Enter your details and click "Calculate Tax" to see the results
About Income Tax Calculation in India
Income tax in India is calculated based on the tax slabs set by the government. There are two tax regimes to choose from:
Old Tax Regime
- Allows various deductions and exemptions under Chapter VI-A
- Section 80C deductions up to ₹1,50,000
- Health Insurance Premium (80D)
- Housing Loan Interest
- Standard Deduction for salaried individuals
New Tax Regime
- Introduced to simplify tax calculation
- Lower tax rates for most slabs
- No deductions or exemptions available
- More beneficial for those with fewer investments
- Default option from FY 2023-24
Note: This calculator provides estimates based on the FY 2023-24 tax rules. Actual tax liability may vary. Always consult with a tax professional for personalized advice.