Salary calculator (IN)

The new regime has been the default since FY 2024-25. It applies a flat ₹75,000 standard deduction and lower slab rates, but allows almost no other exemptions or deductions — the Section 80C, 80D, HRA and home loan interest fields below only affect the old regime calculation. A Section 87A rebate brings tax to zero for taxable income up to ₹12,00,000, with marginal relief tapering the tax just above that threshold so a small increase in income can't leave you worse off after tax.

The old regime applies a ₹50,000 standard deduction plus whatever deductions you enter — Section 80C investments (PPF, EPF, ELSS, life insurance, home loan principal, capped at ₹1,50,000), Section 80D health insurance premiums, HRA exemption under Section 10(13A), home loan interest under Section 24b (capped at ₹2,00,000 for a self-occupied property), NPS additional contributions under Section 80CCD(1B) (capped at ₹50,000), and other eligible deductions such as education loan interest or donations. It's taxed at higher slab rates than the new regime, and the slabs themselves depend on your age bracket — the basic exemption limit is higher for senior and super senior citizens. The old regime's Section 87A rebate applies up to ₹5,00,000 taxable income, well below the new regime's threshold.

Above ₹50,00,000 of taxable income, a surcharge is added on top of the slab tax, rising in steps to a maximum of 25% (both regimes) or 37% (old regime only, above ₹5 crore — the new regime caps its surcharge at 25%). A 4% health and education cess then applies to tax plus surcharge combined. This calculator applies surcharge thresholds against taxable income rather than gross salary, which is the correct basis and matches how the Income Tax Department itself defines the thresholds.

This is an estimate for a typical salaried individual and doesn't cover every scenario — it doesn't model TDS already deducted by an employer, income from sources other than salary, capital gains, or every possible deduction under Chapter VI-A. HRA exemption must be worked out separately (from your salary slip and rent receipts) and entered as a pre-calculated figure. For anything beyond a rough comparison, consult a chartered accountant.