Enter annual income components and deductions. The calculator compares old and new regimes, applying rebate, surcharge, and cess. Review the breakdown to decide which regime yields lower tax.
🧮 Formula Reference
Taxable income (old) = Gross income − deductions − exemptions. Standard deduction ₹50,000 (salary) applies to both regimes.
Slab-wise tax computed cumulatively; rebate u/s 87A reduces tax liability subject to limits. Surcharge applied on tax above income thresholds; health & education cess = 4% of tax + surcharge.
Monthly TDS ≈ Tax payable ÷ remaining months.