Tax Estimator
Estimate your income tax for India (New and Old Tax Regime) or the US (2024 federal brackets). Results update instantly. Nothing is uploaded.
₹
₹12.00 L
Std. Deduction: ₹75,000 (FY 2024-25)
Taxable Income
₹11.25 L
Tax Before Cess
₹68,750
H&E Cess (4%)
₹2,750
Total Tax
₹71,500
Effective Rate
5.96%
Monthly Take-Home
₹94,042
₹11.29 L / year
Take-Home94.0%Tax5.7%Cess0.2%
Slab Breakdown
| Slab | Tax |
|---|---|
| ₹3L–₹7L @ 5% | ₹20,000 |
| ₹7L–₹10L @ 10% | ₹30,000 |
| ₹10L–₹12L @ 15% | ₹18,750 |
Standard Deduction: ₹75,000
Taxable Income: ₹11.25 L
Disclaimer: This is an estimate only. Actual tax may differ based on deductions, exemptions, surcharges, and other factors. Consult a tax professional for accurate computation.
Frequently Asked Questions
- Is this tax calculator free?
- Yes, 100% free. No account required, no data is uploaded.
- Which tax regime should I choose in India?
- The New Tax Regime (FY 2024-25) has lower rates but fewer deductions. The Old Regime allows deductions under 80C, HRA, etc. If your deductions are significant (e.g., home loan, 80C investments), old regime may give a lower tax. Use both and compare.
- What is the standard deduction for FY 2024-25?
- Under the New Tax Regime, the standard deduction is ₹75,000. Under the Old Tax Regime, it is ₹50,000.
- What is Health and Education Cess?
- Health and Education Cess is 4% levied on the income tax amount. It applies to both New and Old Tax Regimes in India.
- Does the US calculator include state tax?
- No. The US tab shows only federal income tax based on 2024 IRS tax brackets. State income tax, FICA (Social Security and Medicare), and standard deduction adjustments are not included.
- Does it work on mobile?
- Yes, works on all modern browsers including mobile Safari and Chrome on iOS and Android.