How much tax will you pay on your salary?

Your employer projects your annual gross salary, subtracts the standard deduction and any declared exemptions/deductions, applies the slab rates for your chosen regime, adds surcharge and cess, then divides the total tax by 12 to compute monthly TDS. The calculation is redone whenever you change your declarations.

₹75,000 under the new regime and ₹50,000 under the old regime, applied automatically to salary income. No proof or investment is required. This is one of the reasons the new regime often wins for salaried taxpayers with few other deductions.

It depends on your deductions. If your total deductions (80C, 80D, HRA, home loan interest, NPS) exceed ₹4.5–5L, the old regime usually wins. Below that, the new regime's lower slabs and higher standard deduction are better. Use the calculator above with your actual numbers. You can switch at filing time if needed.

Yes, if you're claiming deductions under the old regime. Most employers ask for declarations at the start of the year (April–May) and proofs around January–February. Without proofs, your employer will deduct TDS as if you have no deductions, resulting in higher TDS and a refund only at filing.

You claim a refund when filing your income tax return. The refund is credited to your bank account within 4–8 weeks of filing. To avoid this, submit investment declarations to your employer early in the year so TDS is calculated correctly from the start.

You must pay the difference as "self-assessment tax" before filing your return. If the shortfall exceeds ₹10,000, you may owe advance tax with interest under Sections 234B and 234C. Pay before March 31 to avoid penal interest.

Only on the taxable portion. TDS is calculated after subtracting the standard deduction and any claimed exemptions (HRA) and deductions (80C, 80D, etc.). Your gross salary itself isn't directly subject to TDS — it's your taxable income.

No — the HRA exemption reduces your taxable income, and TDS is calculated on the lower figure. If you're in the old regime and claim HRA, submit rent receipts to your employer so they can compute the exemption and reduce TDS. Under the new regime, HRA is fully taxable (no exemption), but the higher standard deduction partially compensates.

Yes — ₹75,000 under the new regime, higher than the ₹50,000 under the old regime. This is applied automatically to your salary income. The higher standard deduction is one reason the new regime wins for many salaried taxpayers.

You can change the regime with your employer at the start of the year. If you change mid-year, the employer recalculates TDS for the remaining months. You can also switch at the time of filing your ITR — the return's regime choice is what matters for your final tax liability. Salaried employees can switch every year.

No. Professional tax is a state-level tax, separate from income tax. It's deducted from your salary and paid to the state government. It's also deductible from your gross income under Section 16(iii) for income tax purposes (old regime).

Yes, declare early (April–May). If you declare later, your employer deducts higher TDS for the initial months, and your monthly take-home is lower. You get a refund only at filing — but that's 12–15 months later. Declaring early keeps your cash flow smooth.

Yes. Employer NPS contribution under Section 80CCD(2) is deductible under both regimes — up to 10% of basic salary for private-sector employees, 14% for government employees. This is one of the few major deductions available under the new regime. Ask your employer to structure part of your CTC as employer NPS.

Each employer calculates TDS independently, often assuming you have the full standard deduction and slab benefits. This commonly results in a tax shortfall at filing. To avoid surprises, share your previous employer's salary and TDS details with your new employer, or compute your total tax at filing and pay the shortfall as self-assessment tax.

TDS applies to many types of income — salary, interest, dividends, rent, professional fees, etc. But your employer deducts TDS only on your salary. Other income (bank interest, dividends, freelance income) may have TDS deducted by the payer, or you may owe advance tax on it. All income must be reported in your ITR.

Yes. If the TDS deducted by your employer exceeds your actual tax liability, you claim the difference as a refund when filing your ITR. Refunds are typically credited within 4–8 weeks of filing and processing. Ensure your bank account is pre-validated on the income tax portal.

No. HRA exemption is only available under the old regime. Under the new regime, the full HRA received is added to your taxable income. If you pay significant rent and want to claim HRA, you must opt for the old regime.

Only if ELSS fits your investment goals (it has a 3-year lock-in and is equity-based). Don't invest just for the tax deduction. The maximum saving from ₹1.5L 80C at 30% tax is ₹46,800 — real, but not enough to justify a poor investment. Under the new regime, 80C isn't available at all, so ELSS has no tax benefit there.

Yes, under the old regime. 80C allows up to ₹1.5L, and 80CCD(1B) allows an additional ₹50,000 for NPS contributions — total ₹2L of deductions. This is one of the most valuable deduction combinations available to salaried taxpayers under the old regime.

Yes. Bonus is part of your salary income and subject to TDS. In the month your bonus is paid, TDS may be higher because your annual income projection increases. Some employers spread the TDS impact across remaining months; others deduct it all in the bonus month.

Your employer will deduct TDS without considering any deductions. Your monthly take-home is lower, but you'll claim a refund at filing if you actually invested. To avoid this, either submit proofs or choose the new regime (which doesn't need proofs).

No. If your taxable income is below the basic exemption limit (₹4L new, ₹2.5L–₹5L old depending on age) or covered by the Section 87A rebate (up to ₹12L under new regime), your employer won't deduct TDS. You can also file Form 15G/15H for certain types of income if you qualify.

No. India has a separate taxation system — each individual is taxed on their own income. There's no concept of joint filing or income splitting. However, you can optimise household tax by allocating investments to the lower-earning spouse, and by claiming deductions for family members where eligible (e.g., parents' health insurance under 80D).

Yes, and it's more generous than the old regime. Under the new regime, Section 87A eliminates tax entirely if taxable income is up to ₹12L (rebate up to ₹60,000). For salaried employees, this means gross income up to ₹12.75L is effectively tax-free (after the ₹75K standard deduction). Under the old regime, the rebate is only ₹12,500, applicable up to ₹5L taxable income.

If the tax difference is under ₹10,000, yes — the new regime is much simpler (no proofs, no rent receipts, no home loan certificate). But if the difference is ₹30,000+, the old regime's extra paperwork is worth it. Run the numbers each year.

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