Income Tax India Calculator
Indian income tax is charged in slabs, so only the income within each band is taxed at that band's rate. This calculator applies the slabs, the standard deduction, the section 87A rebate and the four percent cess for the new and old regimes.
Total tax payable
$71,500.00
- Taxable income
- $1,125,000.00
- Take-home (annual)
- $1,128,500.00
- Effective tax rate
- 5.96%
Values update as you type. This calculator covers the single scenario its formula assumes — see Common Mistakes for what it leaves out.
The formula this calculator uses
Tax = (slab tax - 87A rebate) x 1.04
- Income
- Gross annual income
- Slab tax
- Tax from applying the slab rates
- Rebate
- Section 87A rebate where applicable
- Cess
- Four percent health and education cess
How to check the result by hand
- 1
Subtract the standard deduction
Remove seventy-five thousand under the new regime or fifty thousand under the old to get taxable income.
- 2
Subtract any deductions
Under the old regime remove eligible deductions such as 80C, 80D and home loan interest. The new regime allows none of these.
- 3
Apply the slab rates
Tax each band of taxable income at its own rate and add the bands together.
- 4
Apply the section 87A rebate
Cancel the liability up to twenty-five thousand under the new regime or twelve thousand five hundred under the old, where the income thresholds are met.
- 5
Add the health and education cess
Add four percent of the tax after the rebate to reach the total liability and the take-home figure.
For worked examples, common mistakes and the limits of this formula, read the full How To Calculate Income Tax India page.