Income Tax Calculator
Compare the old and new tax regimes and see exactly how your tax is calculated, slab by slab, deduction by deduction.
Your numbers
Annual income
₹
Tax regime
Result
Net income
Total tax
Total income
₹0
Total tax
₹0
Net income
₹0
Effective tax rate
0%
Standard deduction
₹0
You're already in the optimal regime! You save ₹13,49,400 compared to old regime
Good tax efficiency! Your effective tax rate is 0%.
You're getting the maximum standard deduction of ₹75,000 in new regime.
How your tax is calculated
- Total income: Your gross annual income from all sources.
- Standard deduction: Automatic deduction (₹75,000 new regime, ₹50,000 old regime).
- Taxable income: Income after deducting standard deduction and other allowed deductions.
- Tax slabs: Progressive tax rates applied to different income brackets.
- Section 87A rebate: Tax rebate for lower income taxpayers.
- Surcharge & cess: Additional charges on high-income taxpayers.
This is one number. WellthIQ sees the whole picture.
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