Income Tax Estimator (New Regime)
Standard Deduction of ₹50,000 will be applied automatically.
Net Income
₹0
Tax Liability (New Regime)
Taxable Income
₹0
Estimated Tax
₹0
Net Income (Post Tax)
₹0
*Includes Cess (4%). Surcharge excluded.
About Income Tax
Under the New Tax Regime (FY 2024-25 / 2025-26), tax slabs have been further simplified. A standard deduction of ₹50,000 is available for salaried individuals, and the tax-free limit has effectively increased for many earners.
Key Features of New Regime:
- Rebate under 87A: No tax for income up to ₹7 Lakhs (and potentially higher with recent budget adjustments).
- Lower Tax Slabs: Reduced rates for middle-income earners compared to the old regime.
- No Exemptions: You cannot claim 80C, 80D, or HRA deductions in this regime.