---
title: "Income Tax Calculator"
description: "Calculate and compare income tax for employees and contractors in India."
canonical_url: "https://www.neeto.com/income-tax-calculator"
markdown_url: "https://www.neeto.com/income-tax-calculator.md"
---

# Income Tax Calculator

Calculate and compare income tax for employees and contractors in India.

## Overview

Compare Indian income tax for employee and contractor compensation under the new tax regime.

## Tax Slabs

-   Up to ₹4,00,000: 0%
-   ₹4,00,001 to ₹8,00,000: 5%
-   ₹8,00,001 to ₹12,00,000: 10%
-   ₹12,00,001 to ₹16,00,000: 15%
-   ₹16,00,001 to ₹20,00,000: 20%
-   ₹20,00,001 to ₹24,00,000: 25%
-   Above ₹24,00,000: 30%

## Key Rules

-   Employee standard deduction: Rs. 75,000
-   Contractor presumptive taxation threshold: Rs. 75,00,000
-   Basic exemption limit: Rs. 4,00,000
-   Rebate threshold: Rs. 12,00,000
-   Marginal relief threshold: Rs. 12,75,000
-   Health and education cess: 4%

## Surcharge Rates

-   Above Rs. 5,00,00,000: 25%
-   Above Rs. 2,00,00,000: 25%
-   Above Rs. 1,00,00,000: 15%
-   Above Rs. 50,00,000: 10%
-   Up to Rs. 50,00,000: 0%

## Links

-   [Human page](https://www.neeto.com/income-tax-calculator)