Income Tax & Advance Tax Calculator (India)

Your Income

Annual Income (Gross, before deductions) — normal income only

₹ ₹15.0L

Salary + business + interest etc. Enter capital gains & lottery separately below — they are taxed at special rates.

Income Source

Salaried / Pension Other (no std ded.)

Age (for Old-regime exemption)

Deductions

80CCD(2) — Employer NPS contribution (allowed in BOTH regimes)

Up to 14% of salary (basic+DA) under the New regime, 10% under Old (14% for govt). Enter your eligible amount.

Old regime only — the New regime ignores the below

80C — PF, ELSS, LIC (max ₹1.5L)

80D — Health insurance

80CCD(1B) — NPS self (max ₹50k)

24(b) — Home-loan interest (max ₹2L)

HRA exemption

Least of: actual HRA · rent − 10% salary · 50%/40% of salary.

Other Chapter VI-A (80E/80G/80TTA…)

Capital Gains & Other Special-Rate Income — taxed at flat rates, same under both regimes

STCG on equity/equity MF — 20% (§111A)

LTCG on equity/equity MF — 12.5% (§112A)

First ₹1.25L of these gains is exempt.

Other LTCG — 12.5% (§112, debt/property etc.)

Lottery / winnings — 30% (§115BB)

Resident individual/HUF — lets any unused basic exemption offset capital gains (not lottery).

New Regime

₹0

Taxable ₹0 · eff. 0%

Old Regime

₹0

Taxable ₹0 · eff. 0%

Tax Breakdown

New regime Old regime

Slab (normal income)	Rate	Income in Slab	Tax

Advance Tax Schedule

Liability basis

Recommended (lower) Viewed regime

TDS / TCS already deducted (₹)

Pay by	Cumulative %	Cumulative due	This installment
Net advance tax (liability − TDS)			₹0

Installments for individuals: 15% by 15 Jun, 45% by 15 Sep, 75% by 15 Dec, 100% by 15 Mar. Advance tax is due only if net liability (after TDS) is ₹10,000 or more.

Interest for Late / Short Advance Tax — §234B & §234C (optional)

Estimate 234B/234C interest — enter what you actually paid by each date below.

Head	Basis	Interest
Total interest	₹0

Notes & Assumptions

New regime: slabs 0/4/8/12/16/20/24L at 0/5/10/15/20/25/30%; ₹75k std deduction; 87A rebate → nil tax to ₹12L taxable (marginal relief above); surcharge capped 25%.
Old regime: 2.5/5/10L at 5/20/30% (₹3L exemption at 60+, ₹5L at 80+); ₹50k std deduction; Chapter VI-A & HRA allowed; 87A to ₹5L; surcharge to 37%.
Special-rate income: STCG equity 20% (§111A), LTCG equity 12.5% above ₹1.25L (§112A), other LTCG 12.5% (§112), lottery 30% (§115BB). These are the same in both regimes, get no 87A rebate, and their surcharge is capped at 15%. A resident’s unused basic exemption can offset 111A/112A/112 gains.
80CCD(2) employer-NPS is deducted under both regimes.
Cess 4% on all. Surcharge marginal relief applied (approximate near thresholds when special-rate income is present).

Your Income

Deductions

Capital Gains & Other Special-Rate Income — taxed at flat rates, same under both regimes

Tax Breakdown

Advance Tax Schedule

Interest for Late / Short Advance Tax — §234B & §234C (optional)

Notes & Assumptions

See Also