This new tax regime calculator helps you estimate your tax liability based on your income and eligible deductions. Enter your income and deductions to see your taxable income and the corresponding tax payable under the new regime.

Tax Formula

Taxable Income = Annual Income + Other Income - Deductions
Tax Payable is calculated based on income slabs under the new tax regime.

Example Calculation

₹500,000 income, ₹50,000 deductions → Taxable Income = ₹450,000 → Tax Payable = ₹5,000.

Why It Matters

Understanding how your income, deductions, and exemptions impact your taxes helps you plan better for your financial future.

Smart Strategy

Review your deductions and exemptions each year to ensure you are paying the minimum tax possible.

FAQs

What is the new tax regime? It is a simplified tax system with reduc