Income Tax Calculator

Yearly income from salary

Age

Interest from savings bank accounts / FD accounts

Rental income received (Let-out property)

Municipal tax paid (Let-out property)

Interest paid on housing loan (Let-out property)

Other income, if any

HRA and other exemptions

Interest paid on housing loan

Exemption Limit : ₹2,00,000

80C (PF, PPF, insurance premium)

Exemption Limit : ₹1,50,000

80CCD (Employee's contribution to NPS)

Exemption Limit : ₹1,50,000

80CCD(1B) (Additional contribution to NPS)

Exemption Limit : ₹50,000

80D (Medical insurance premium)

80E (Interest paid on education loan)

80EEA (Interest paid on home loan for affordable housing)

Exemption Limit : ₹1,50,000

80EEB (Interest paid on loan for purchase of electrical vehicle)

Exemption Limit : ₹1,50,000

80G (Donations to charity)

Old Tax Regime

New Tax Regime

You will save

under the

Summary Breakdown

Components	New Tax Regime
Total Gross Income
Total Eligible Deductions
Taxable Income
Tax on Taxable Income
Less: Rebate Under Section 87A(a)
Less: Relief Under Section 87A(b)
Total Tax on Income
Surcharge
Health and Education Cess (4% of Tax on taxable Income + Surcharge)
Total Tax to be Paid

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