Income Tax Calculator

Gross Total Income (before deductions)

HUF (87A rebate not available)

Salaried / Pensioner (Standard Deduction applies)

Age Category (for Old Regime rates)

Below 60

60-80 (Senior Citizen)

Above 80 (Super Senior)

Deductions — Both Regimes
i
NPS Employer Contribution u/s 80CCD(2) — up to 14% of salary (Central Govt) or 10% (others). Agniveer Contribution u/s 80CCH. Interest on home loan for let-out property (no limit).

Deductions — Old Regime Only
i
80C (PPF, ELSS, LIC — up to 1.5L), 80D (Medical Insurance — 25K/50K), 80CCD(1B) (NPS — 50K), 80E (Education Loan Interest), 80G (Donations), 80TTA/80TTB (Savings Interest — 10K/50K), HRA, LTA, Home Loan Interest u/s 24 (Self-occupied — up to 2L).

Standard Deduction from salary (Rs 50,000 Old Regime / Rs 75,000 New Regime) is automatically applied since Salaried/Pensioner is selected.

Old Regime

Gross Total Income

Less: Standard Deduction

Less: Other Deductions

Net Taxable Income

Slab-wise Breakdown

Income Range	Rate	Tax

Basic Tax

Less: Rebate u/s 87A

Tax after Rebate

Add: Surcharge

( Marginal Relief applied )

Add: Health & Education Cess (4%)

Total Tax Payable

New Regime (Default)

Gross Total Income

Less: Standard Deduction

Less: Other Deductions

Net Taxable Income

Slab-wise Breakdown

Income Range	Rate	Tax

Basic Tax

Less: Rebate u/s 87A

Tax after Rebate

Add: Surcharge

( Marginal Relief applied )

Add: Health & Education Cess (4%)

Total Tax Payable

Individual / HUF — Tax Rate Reference

Old Regime — Below 60 years

Up to Rs 2,50,000Nil

Rs 2,50,001 — Rs 5,00,0005%

Rs 5,00,001 — Rs 10,00,00020%

Above Rs 10,00,00030%

Senior (60-80): Nil up to Rs 3L. Super Senior (80+): Nil up to Rs 5L.

New Regime (Default) — All Ages

Up to Rs 4,00,000Nil

Rs 4,00,001 — Rs 8,00,0005%

Rs 8,00,001 — Rs 12,00,00010%

Rs 12,00,001 — Rs 16,00,00015%

Rs 16,00,001 — Rs 20,00,00020%

Rs 20,00,001 — Rs 24,00,00025%

Above Rs 24,00,00030%

Surcharge — Individual / HUF

Income Rs 50L — Rs 1 Cr10%

Income Rs 1 Cr — Rs 2 Cr15%

Income Rs 2 Cr — Rs 5 Cr25%

Above Rs 5 Cr (Old Regime)37%

Above Rs 2 Cr (New Regime)25% cap

Marginal relief available at each threshold. Health & Education Cess: 4% on tax + surcharge.

Rebate u/s 87A

Old Regime: Income up to Rs 5LRs 12,500

New Regime: Income up to Rs 12LRs 60,000

Available only for Resident Individuals (not HUF). Marginal relief on rebate applies for income slightly above the threshold in New Regime.

Taxable Income of the Company

Applicable Tax Section

Section 115BAA (22%)

Section 115BAB (15%)

Turnover up to Rs 400 Cr (25%)

Normal Rate (30%)

Domestic Company — Tax Rate Reference

Tax Rates by Section

Normal Rate30%

Turnover up to Rs 400 Cr (any previous year)25%

Section 115BAA (concessional regime)22%

Section 115BAB (new manufacturing, incorp. on/after 1 Oct 2019)15%

MAT (Minimum Alternate Tax)15%

Companies opting for 115BAA/BAB cannot claim most exemptions/deductions. MAT not applicable to 115BAA/BAB.

Surcharge — Domestic Company

Normal/25%: Income Rs 1 Cr — Rs 10 Cr7%

Normal/25%: Income above Rs 10 Cr12%

Section 115BAA: Flat (any income)10%

Section 115BAB: Flat (any income)10%

Marginal relief at threshold. Health & Education Cess: 4% on tax + surcharge.

Taxable Income of the Foreign Company

Foreign Company — Tax Rate Reference

Tax Rate

Foreign Company40%

Applicable on income received/accrued in India. DTAA provisions may override.

Surcharge — Foreign Company

Income Rs 1 Cr — Rs 10 Cr2%

Income above Rs 10 Cr5%

Marginal relief available. Health & Education Cess: 4% on tax + surcharge.

Taxable Income of the Firm / LLP

Firm / LLP — Tax Rate Reference

Tax Rate

Partnership Firm / LLP30%

AMT (Alternate Minimum Tax)18.5%

Both partnership firms and LLPs taxed at same flat rate. AMT applies if tax payable is less than 18.5% of adjusted total income.

Surcharge — Firm / LLP

Income above Rs 1 Cr12%

Marginal relief available. Health & Education Cess: 4% on tax + surcharge.

Tax computation for these entities involves special provisions and conditions. The rates below are for reference. Please compute manually or consult a tax professional.

AOP / BOI

Members' shares determinateIndividual slab rates

Members' shares indeterminateMMR (30% + surcharge + cess)

AOP of non-individual membersFlat 30%

Surcharge: Rs 50L — Rs 1Cr10%

Surcharge: Above Rs 1 Cr15%

Cess: 4% on tax + surcharge.

Co-operative Society

Up to Rs 10,00010%

Rs 10,001 — Rs 20,00020%

Above Rs 20,00030%

Section 115BAD (opted-in)22%

Surcharge: Rs 1 Cr — Rs 10 Cr7%

Surcharge: Above Rs 10 Cr / 115BAD flat12% / 10%

Cess: 4%. AMT of 18.5% applies.

Charitable Trust / Institution

Registered u/s 12AB — applied for charityExempt

Unregistered / Non-charitableMMR (30% + surcharge + cess)

Specified income u/s 115BBI30%

Must apply 85% of income for charitable purposes. Corpus donations treated separately.

Local Authority

Tax Rate30%

Surcharge: Above Rs 1 Cr12%

Cess: 4% on tax + surcharge.

Income Tax Calculator with Tax Rates

Deductions — Both Regimes
i
NPS Employer Contribution u/s 80CCD(2) — up to 14% of salary (Central Govt) or 10% (others). Agniveer Contribution u/s 80CCH. Interest on home loan for let-out property (no limit).

Deductions — Old Regime Only
i
80C (PPF, ELSS, LIC — up to 1.5L), 80D (Medical Insurance — 25K/50K), 80CCD(1B) (NPS — 50K), 80E (Education Loan Interest), 80G (Donations), 80TTA/80TTB (Savings Interest — 10K/50K), HRA, LTA, Home Loan Interest u/s 24 (Self-occupied — up to 2L).

Old Regime

Slab-wise Breakdown

New Regime (Default)

Slab-wise Breakdown

Individual / HUF — Tax Rate Reference

Old Regime — Below 60 years

New Regime (Default) — All Ages

Surcharge — Individual / HUF

Rebate u/s 87A

Domestic Company — Tax Rate Reference

Tax Rates by Section

Surcharge — Domestic Company

Foreign Company — Tax Rate Reference

Tax Rate

Surcharge — Foreign Company

Firm / LLP — Tax Rate Reference

Tax Rate

Surcharge — Firm / LLP

AOP / BOI

Co-operative Society

Charitable Trust / Institution

Local Authority

Related Tools

Income Tax Calculator with Tax Rates

Deductions — Both Regimes iNPS Employer Contribution u/s 80CCD(2) — up to 14% of salary (Central Govt) or 10% (others). Agniveer Contribution u/s 80CCH. Interest on home loan for let-out property (no limit).

Deductions — Old Regime Only i80C (PPF, ELSS, LIC — up to 1.5L), 80D (Medical Insurance — 25K/50K), 80CCD(1B) (NPS — 50K), 80E (Education Loan Interest), 80G (Donations), 80TTA/80TTB (Savings Interest — 10K/50K), HRA, LTA, Home Loan Interest u/s 24 (Self-occupied — up to 2L).

Old Regime

Slab-wise Breakdown

New Regime (Default)

Slab-wise Breakdown

Individual / HUF — Tax Rate Reference

Old Regime — Below 60 years

New Regime (Default) — All Ages

Surcharge — Individual / HUF

Rebate u/s 87A

Domestic Company — Tax Rate Reference

Tax Rates by Section

Surcharge — Domestic Company

Foreign Company — Tax Rate Reference

Tax Rate

Surcharge — Foreign Company

Firm / LLP — Tax Rate Reference

Tax Rate

Surcharge — Firm / LLP

AOP / BOI

Co-operative Society

Charitable Trust / Institution

Local Authority

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Deductions — Both Regimes
i
NPS Employer Contribution u/s 80CCD(2) — up to 14% of salary (Central Govt) or 10% (others). Agniveer Contribution u/s 80CCH. Interest on home loan for let-out property (no limit).

Deductions — Old Regime Only
i
80C (PPF, ELSS, LIC — up to 1.5L), 80D (Medical Insurance — 25K/50K), 80CCD(1B) (NPS — 50K), 80E (Education Loan Interest), 80G (Donations), 80TTA/80TTB (Savings Interest — 10K/50K), HRA, LTA, Home Loan Interest u/s 24 (Self-occupied — up to 2L).