Income Tax Calculator India
Give it your CTC, the gross salary off your payslip, or the amount you want in your bank, and it solves the rest. Salaried, freelance under 44ADA, or both in one year, each under the old and the new regime, with every slab shown.
Your numbers
driving: CTCIf salaried
how the CTC splitsAdvanced salary structure
If freelancing
section 44ADADeductions, old regime only
the new regime ignores every line hereEnter your deductions
When does the old regime become better?
The old regime only pays off once your exemptions and deductions clear a threshold. Here is that number for your salary.
Where the CTC actually goes
Cost to company is not salary. Employer PF, gratuity and employer NPS are real money and none of it reaches your account this month.
Line by line
What you file, and when
Two questions land the moment the tax is known: which return, and by which date. Both fall out of the numbers above.
Tax slabs, rupee by rupee
Only the money that lands inside a band is taxed at that band's rate, so moving into 30% never re-prices what you already earned. Each row shows how much of the band you filled, the rupees sitting in it, and the tax those rupees cost.
New regime slabs
-Old regime slabs
-Tax rules used for this calculation
The statutory numbers this calculator runs on.
New regime
Old regime
Surcharge and cess
How this is computed
The new regime is now the default
Since FY 2023-24 you are taxed under section 115BAC unless you opt out, and how you opt out depends on whether you have business or professional income. With salary alone you simply tick the old regime in the return, freely, every year. With business or 44ADA income you must file form 10-IEA before the return due date, and having gone back to the old regime you may return to the new one only once. Miss the due date without a 10-IEA on record and you are in the new regime for that year, whatever the arithmetic says.
Rebate under section 87A
New regime: taxable income up to ₹12,00,000 gets a rebate of up to ₹60,000, so the tax is nil. With the ₹75,000 standard deduction that is ₹12,75,000 of salary. Old regime: up to ₹5,00,000 gets ₹12,500. The test looks at the income taxed at slab rates: capital gains taxed at their own rate under sections 111A and 112A sit on top of the slab tax and never get the rebate, so a portfolio can leave you paying tax on a total income the ₹12 lakh headline says is exempt.
Marginal relief at the cliff
Just past ₹12 lakh the new regime caps your tax at the amount by which income exceeds ₹12 lakh, so earning one more rupee cannot cost more than a rupee. That relief runs out around ₹12,70,588, where the ordinary slab tax becomes the smaller number.
Surcharge is capped at 25% in the new regime
Both regimes charge 10% above ₹50 lakh, 15% above ₹1 crore and 25% above ₹2 crore. Only the old regime goes to 37% above ₹5 crore. Health and education cess of 4% applies on top in every case.
What the new regime still allows
The ₹75,000 standard deduction, employer NPS under 80CCD(2) up to 14% of basic, and the ₹25,000 family pension deduction. It does not allow HRA, LTA, 80C, 80D, 80TTA, professional tax or home loan interest on a self-occupied property.
Section 44ADA in one paragraph
A specified professional with gross receipts up to ₹50 lakh, or ₹75 lakh where cash receipts stay at or under 5%, may declare 50% of receipts as profit and claim no expenses against it. No books under 44AA, no audit under 44AB. Declare less than 50% while your income is above the basic exemption and both come back. The return wants a business code with it: 14002 for software consultancy, 16005 engineering and technical consultancy, 16013 business and management consultancy, 16021 social media influencers. Section 44AD is the different scheme for a trading or business turnover, presuming 6% where receipts are banked and 8% otherwise; pick the section that fits the work rather than the smaller percentage.
What a contractor loses
No standard deduction in either regime, since that is a salary deduction. No HRA exemption; rent relief is 80GG and caps at ₹60,000 a year. No employer PF, gratuity or 80CCD(2). Advance tax is a single instalment by 15 March, and clients withhold 10% TDS under 194J.
The ₹7.5 lakh employer contribution ceiling
Employer contributions to PF, NPS and superannuation are added together. Anything above ₹7.5 lakh in a year is taxed as a perquisite under section 17(2)(vii), in both regimes. At a high basic with employer NPS switched on, this bites.
Scope: salary and presumptive professional income under section 44ADA, for a resident individual. Capital gains, house-property income, crypto under section 115BBH and non-44ADA business income are not modelled, so neither is the 15% surcharge cap that applies to section 111A and 112A gains. Professional tax is a state levy capped at ₹2,500 a year; it is deducted from take-home in both regimes but is only tax-deductible in the old one. This is a calculator, not tax advice. Check the result against your Form 16, Form 26AS and AIS before you file.