Taxable Income Calculator
Calculate your taxable income after the standard deduction and (under the old regime) other eligible deductions.
- Free to use
- No registration required
- Works on all devices
- Last updated
- 17-09-2026
Your result
₹14,25,000
Taxable income
AI explanation
Formula
Taxable income = gross income − standard deduction − other eligible deductions (old regime only)Worked examples
₹15L gross income, new regime
| Field | Value |
|---|---|
| Gross annual income | ₹15,00,000 |
| Tax regime | new |
| Deductions (old regime only, e.g. 80C) | ₹0 |
| Taxable income | ₹14,25,000 |
| Total tax on this income | ₹97,500 |
₹12L gross income, old regime, full ₹1,50,000 Section 80C deduction
| Field | Value |
|---|---|
| Gross annual income | ₹12,00,000 |
| Tax regime | old |
| Deductions (old regime only, e.g. 80C) | ₹1,50,000 |
| Taxable income | ₹10,00,000 |
| Total tax on this income | ₹1,17,000 |
₹12L gross income, old regime, ₹5,00,000 entered as deductions (cap still applies)
| Field | Value |
|---|---|
| Gross annual income | ₹12,00,000 |
| Tax regime | old |
| Deductions (old regime only, e.g. 80C) | ₹5,00,000 |
| Taxable income | ₹10,00,000 |
| Total tax on this income | ₹1,17,000 |
₹40,000 gross income, new regime (taxable income floors at ₹0)
| Field | Value |
|---|---|
| Gross annual income | ₹40,000 |
| Tax regime | new |
| Deductions (old regime only, e.g. 80C) | ₹0 |
| Taxable income | ₹0 |
| Total tax on this income | ₹0 |
Assumptions
- Standard deduction is ₹75,000 (new regime) or ₹50,000 (old regime).
- Other deductions (80C, etc.) apply only under the old regime, capped at ₹1.5 lakh in this calculator.
- Applies to individuals below 60 years of age — senior and super-senior citizen exemption limits are not modeled.
- Surcharge (applicable above ₹50 lakh taxable income) is not included in this calculation.
Frequently asked questions
What's the difference between gross income and taxable income?
Gross income is your total income before any deductions. Taxable income is what remains after subtracting the standard deduction and (under the old regime) other eligible deductions like 80C — tax is calculated on this smaller figure.
Why is the standard deduction different between regimes?
The government set different standard deduction amounts for each regime as part of the broader restructuring of slabs and deductions when the new regime was introduced and subsequently revised.
Can I claim 80C deductions in the new regime?
No — the new tax regime doesn't allow 80C or most other deductions available under the old regime, in exchange for lower slab rates.
What happens if I enter more than ₹1,50,000 in deductions?
Only ₹1,50,000 is ever applied, no matter how much you enter — the cap is enforced by the calculator regardless of the amount typed in. For example, ₹12,00,000 gross income under the old regime produces the same ₹10,00,000 taxable income whether you enter ₹1,50,000 or ₹5,00,000 in the deductions field.
Can taxable income be negative if my gross income is very low?
No — taxable income is floored at ₹0. If the standard deduction (and, under the old regime, other deductions) exceeds your gross income, taxable income is ₹0 rather than a negative number, and total tax is ₹0 as well. For example, a ₹40,000 gross income under the new regime (below the ₹75,000 standard deduction) produces a taxable income of ₹0.
Does this calculator include surcharge for very high incomes?
No — surcharge, which applies above ₹50 lakh taxable income, is not included in this calculation. This calculator is intended for the common salaried-income range.
Does this calculator apply to senior citizens?
No — this calculator applies the standard slabs and deductions for individuals below 60 years of age. Senior and super-senior citizens have separate exemption limits that aren't modeled here.
Why does the same gross income give a different taxable income under each regime?
Because the standard deduction differs between regimes. For example, ₹15,00,000 gross income with no other deductions entered produces a taxable income of ₹14,25,000 under the new regime (₹75,000 standard deduction) but ₹14,50,000 under the old regime (₹50,000 standard deduction). Entering old-regime deductions (80C, etc., up to the ₹1,50,000 cap) would lower the old-regime figure further.
Related calculators
Sources
- Income Tax Slabs — Income Tax Department, Government of India. Effective 01-04-2026, checked 13-09-2026.
This calculator provides a general estimate only and does not constitute tax advice.
Report a calculation issue