Income Tax Calculator
Calculate income tax for FY 2023-24
⚠️ Tax Disclaimer: This is a simplified calculator for estimation only. Actual tax may vary based on deductions, exemptions, and other factors. Consult a tax professional for accurate calculations.
Income Details
₹
Tax Breakdown
Total Tax
₹62,400
Income Tax
₹60,000
Health & Education Cess (4%)
₹2,400
Net Income (After Tax)
₹9,37,600
Tax Slabs (FY 2023-24)
New Tax Regime
₹0 - ₹3,00,000Nil
₹3,00,001 - ₹6,00,0005%
₹6,00,001 - ₹9,00,00010%
₹9,00,001 - ₹12,00,00015%
₹12,00,001 - ₹15,00,00020%
Above ₹15,00,00030%
Old Tax Regime
₹0 - ₹2,50,000Nil
₹2,50,001 - ₹5,00,0005%
₹5,00,001 - ₹10,00,00020%
Above ₹10,00,00030%
* Includes ₹50,000 standard deduction