Calculate your final tax liability, including **Surcharge**, and determine the **Refund** or **Tax Due** (New Regime).
Total income before any deduction.
Tax deducted by employer/paid throughout the year.
Standard Deduction (₹)
₹50,000
Applied automatically under the New Tax Regime.
*This calculation uses the simplified New Tax Regime slabs and includes Surcharge.
₹0
Gross Income minus Standard Deduction.
₹0
Calculated on Income Tax based on TI slab.
₹0
Income Tax + Surcharge + 4% Health & Education Cess.
₹0
The difference between Tax Paid and Tax Payable.
| Taxable Income Slab (₹) | Rate | Tax on Slab (₹) |
|---|
Our comprehensive Indian Income Tax Refund Calculator helps salaried individuals, professionals, and taxpayers accurately calculate their final tax liability under the New Tax Regime. Whether you're filing ITR, planning tax savings, estimating refunds, or managing tax payments, this tool provides precise calculations including surcharge and cess for complete financial clarity.
Calculate final tax liability, determine tax refund amounts, account for surcharge applications, factor in health and education cess, and understand New Regime benefits with our specialized tax calculator designed specifically for Indian taxpayers following the latest budget provisions.
Updated with latest tax slabs, surcharge rates, and provisions as per Union Budget 2023-24, ensuring complete compliance with current tax laws.
Automatically applies surcharge (10-37% based on income) and 4% health & education cess for accurate final tax liability calculations.
Clearly shows whether you'll receive a refund or need to pay additional tax, helping with financial planning and avoiding last-minute surprises.
Designed specifically for Indian taxation system with proper understanding of Section 87A rebate, standard deduction, and other India-specific provisions.
Used by salaried employees, CAs, tax consultants, and individual taxpayers across India. Stay compliant and maximize your refunds with accurate tax calculations!
Surcharge applies at different thresholds: 10% for income between ₹50 lakh-₹1 crore, 15% for ₹1-₹2 crore, 25% for ₹2-₹5 crore, and 37% for above ₹5 crore. Our calculator automatically applies the correct surcharge based on your net taxable income.
Health and education cess is 4% of the total tax amount (including surcharge). For example, if your tax liability is ₹1,00,000, the cess would be ₹4,000, making your total tax payable ₹1,04,000.
From FY 2023-24, standard deduction of ₹50,000 is available in New Regime for salaried individuals and pensioners. This deduction is automatically applied in our calculations for eligible taxpayers.
Typically, IT refunds are processed within 2-4 weeks of ITR verification if filed without errors. Refunds are directly credited to your bank account via ECS. Delays can occur due to verification issues, incomplete documentation, or high volume during peak filing season.