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Income Tax on Salary
Pick a regime, enter your yearly salary and see the tax for the year and the monthly deduction.
Tax for the year (new regime)₹0About ₹0 TDS a month.
- Monthly TDS
- ₹0
- Salary after TDS (monthly)
- ₹75,000
- Taxable income
- ₹8,25,000
- Effective rate
- 0.0%
- Gross income₹9,00,000
- Standard deduction− ₹75,000
- Other deductions− ₹0
- Taxable income₹8,25,000
- Tax on slabs₹22,500
- Rebate 87A− ₹22,500
- Surcharge₹0
- Cess 4%₹0
- Total tax₹0
Slab-wise breakdown
| Slab | Rate | Income | Tax |
|---|---|---|---|
| Up to 4L | 0% | ₹4,00,000 | ₹0 |
| 4L to 8L | 5% | ₹4,00,000 | ₹20,000 |
| 8L to 12L | 10% | ₹25,000 | ₹2,500 |
| Tax on slabs | ₹22,500 |
Monthly TDS is the yearly tax divided by 12. PF, professional tax and any tax already deducted this year are not reduced here.
How it is calculated
- Standard deduction is taken off salary: 75,000 in the new regime, 50,000 in the old regime.
- In the old regime your 80C, 80D, HRA, home-loan interest, NPS and other deductions are also reduced, within their limits.
- Taxable income goes through the slabs, then the 87A rebate, surcharge above 50 lakh and 4% cess.
- Monthly TDS is the yearly tax divided by 12. Your employer may spread it differently, and PF or professional tax are not deducted here.
Indicative only. Rules change every year; we confirm before filing.
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