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Tax · India

Income tax calculator

Compare old vs new regime (FY 2025-26 style slabs). Includes standard deduction, Section 87A rebate and 4% health & education cess.

Your details

Switch regime to compare liability side by side.

New: concessional slabs under 115BAC. Old: slab rates with Chapter VI-A deductions (80C, 80D, etc.).

Other deductions (80C, 80D, HRA…) are largely not allowed in the new regime; only illustrative amounts you enter here are applied.

Total tax (approx.)

₹81,900

Effective rate on gross: 6.83%

Breakdown

Taxable income

₹11,25,000

Tax before rebate

₹78,750

Rebate u/s 87A

- ₹0

Tax after rebate

₹78,750

Health & education cess (4%)

₹3,150

Total tax

₹81,900

Gross vs tax (illustrative)

Disclaimer

Illustrative only for FY 2025-26–style slabs; surcharge on very high incomes, perquisites, alternate minimum tax, and set-offs are not modeled. Confirm with a chartered accountant before filing.

Deep guide · India

Income tax calculator — plain-English walkthrough

Roughly ₹12,00,000 gross, new regime: taxable income about ₹11,25,000, tax about ₹81,900 including cess in this model — all from the inputs above.

Regime, deductions, rebates, and age interact in real life; here you get a simplified salary-style path from gross to tax so you can compare scenarios side by side.

Treat this as orientation only. Actual filings add perquisites, capital gains, house property, surcharge, and more. For filing, use official workflows and a qualified preparer when it matters.

Calculation breakdown

  • Gross annual income: ₹12,00,000
  • Estimated taxable income: ₹11,25,000
  • Estimated total tax (incl. cess): ₹81,900
  • Effective rate (illustrative): 6.83%

Scenario comparison (insight framing)

Tax planning is multi-year. Use the calculator above to test higher/lower gross income, regime switches, and deduction assumptions — each change updates liability and effective rate.

Benefits of structured tax estimation

  • Regime comparison: Understand how standard deduction and deductions shift taxable income.
  • Cashflow planning: Tie tax outcomes to savings and investment choices.

Comparison: tax vs savings trade-offs

Once you estimate tax, you can plan SIPs, EMIs, and FDs with clearer net cash flows — the internal links below jump to other India calculators on EasyCal with realistic default scenarios.

Tips & insights

  • If your effective rate is 6.83%, every additional ₹1 lakh of gross income changes tax by roughly ₹6830 in expectation — use the tool to refine.

Frequently asked questions

What is the estimated tax on ₹12,00,000 income?
Under the New tax regime (115BAC), taxable income after standard deductions (and Chapter VI-A where applicable) is about ₹11,25,000. Estimated tax including cess is about ₹81,900 — an effective rate near 6.83% on gross for this illustration.
Old vs new regime — which is better?
It depends on deductions and income composition. This calculator lets you compare regimes for the same gross — your optimal choice may still need a CA review for exemptions and special cases.
Is Section 87A included?
The underlying model includes a simplified Section 87A rebate logic for illustration — verify against the latest rules for your assessment year.
Does this include surcharge?
This illustrative engine focuses on slabs, rebate, and cess. High-income surcharge may apply in real filings — confirm for your case.
Can I use this for capital gains?
This tool is for salary-style annual income illustration. Capital gains have separate computations — see dedicated capital gains calculators on EasyCal.

Internal linking — related calculators

Explore nearby scenarios on EasyCal — each link opens a calculator page with matching inputs (programmatic SEO).

Illustrative tax computation only — not legal advice. Confirm with a qualified professional for filing.