Which tax regime does the calculator use?

The new regime for FY 2024-25, with the ₹75,000 standard deduction, the Section 87A rebate up to ₹7,00,000 of taxable income, and 4% cess. It does not model the old regime or surcharge.

Is TDS the same as income tax?

TDS is income tax collected in advance by your employer each month. At the end of the year you file a return; if too much was deducted you get a refund, if too little you pay the balance.

Why is my actual TDS higher than the estimate?

Mid-year joining, a hike, a bonus month, or taxable perquisites all raise the monthly deduction. Employers also recover any shortfall in the last months of the financial year.

Does salary above ₹50 lakh attract more tax?

Yes, a surcharge applies above ₹50 lakh of taxable income, rising in bands. The calculator does not include it, so high earners should treat the figure as a lower bound.

TDS Calculator

Estimate tax deducted at source. Results update as you type.

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Annual salary (₹)

Monthly TDS

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Annual tax₹0

Effective rate0%

The complete guide

Everything you need to know

01What the TDS calculator does

Enter your annual salary and get an estimate of the tax deducted at source each month, the annual income tax, and your effective tax rate. It uses the new tax regime, which is the default for salaried employees, so you can see roughly how much of your CTC will not reach your account.

02How the calculation works

The calculator applies the new-regime slabs for FY 2024-25 after the ₹75,000 standard deduction: nil up to ₹3,00,000, then 5% to ₹7,00,000, 10% to ₹10,00,000, 15% to ₹12,00,000, 20% to ₹15,00,000 and 30% above that. Taxable income up to ₹7,00,000 pays nothing because of the Section 87A rebate. A 4% health and education cess is added to the tax. Monthly TDS = annual tax ÷ 12. It does not include surcharge on incomes above ₹50 lakh, old-regime deductions such as 80C or HRA, or employer-specific perquisites.

03Worked example

Annual salary ₹15,00,000. After the ₹75,000 standard deduction, taxable income is ₹14,25,000. Tax: 5% on ₹4,00,000 = ₹20,000; 10% on ₹3,00,000 = ₹30,000; 15% on ₹2,00,000 = ₹30,000; 20% on ₹2,25,000 = ₹45,000. Total ₹1,25,000, plus 4% cess = ₹1,30,000 a year, about ₹10,833 a month, an effective rate of 8.7% on gross salary.

04New regime or old regime?

The new regime has lower slab rates and almost no deductions. The old regime has higher rates but allows HRA, 80C investments up to ₹1,50,000, 80D health insurance, home loan interest and more. If your deductions add up to a large share of income, the old regime can win; if not, the new regime usually does. This calculator shows the new regime only. Your employer will ask you to pick one at the start of the year, and you can switch when filing your return.

05Why your payslip may differ

Employers spread the annual tax across the months remaining in the financial year, so TDS is higher if you join mid-year or get a hike. Bonuses are often taxed in the month paid. Perquisites such as company car or ESOP exercise add taxable value. Investment declarations under the old regime reduce TDS. Treat the figure here as a planning estimate, not your payslip.