Tax Calculator ESS Portal
The Tax Calculator in the Employee Self-Service (ESS) portal helps employees easily compare the Old Tax Regime and the New Tax Regime to decide which one suits them better.
The tax calculator uses the latest salary processed and declarations to give a precise estimate of how much income tax an employee may have to pay in the financial year.
What does the tax calculator do?
Projects annual income based on your processed salary
Estimates total deductions (as per your declarations)
Tax calculation according to both regimes
Calculates Surcharge (if applicable) and 4% Health and Education Cess
smHRt suggestion: Based on the above parameter the calculator suggests which regime will help you save more tax
How is the tax calculated?
The tax is calculated according to the following factors.
1. Gross Total Income
The calculator checks the number of months the salary is already processed, calculates the average and then projects it for the entire year.
For example,
If salary is processed for only April: ₹35,000 → Annual projection = ₹35,000 × 12 = ₹4,20,000
If salary is processed for April and March: Calculate Average → Annual projection = ₹4,20,000
2. Standard Deduction
₹50,000 under Old Regime
₹75,000 under New Regime
3. Declared Deductions
The Declared Deductions are fetched from employee declarations made via ESS or updated by HR on the cloud portal.
Note: Declared deductions are only applicable in the Old Regime.
4. Total Income
Total Income = Gross Income - Standard Deduction - Declared Deductions (if any)
5. Tax Slab Applied
Tax is calculated according to the respective tax regimes as seen below.
Old Regime: Income Range and Tax Rate
₹0 – ₹2,50,000: 0%
₹2,50,001 – ₹5,00,000: 5%
₹5,00,001 – ₹10,00,000: 20%
Above ₹10,00,000: 30%
New Regime: Income Range and Tax Rate
₹0 – ₹3,00,000: 0%
₹3,00,001 – ₹7,00,000: 5%
₹7,00,001 – ₹10,00,000: 10%
₹10,00,001 – ₹12,00,000: 15%
₹12,00,001 – ₹15,00,000: 20%
Above ₹15,00,000: 30%
6. Surcharge (if applicable)
Old Regime: Surcharge Rates
₹50L – ₹1Cr: 10%
₹1Cr – ₹2Cr: 15%
₹2Cr – ₹5Cr: 25%
Above ₹5Cr: 37%
New Regime: Surcharge Rates
₹50L – ₹1Cr: 10%
₹1Cr – ₹2Cr: 15%
Above ₹2Cr: 25%
7. Health & Education Cess
Health and Education Cess is calculated as 4% of the summation of tax and surcharges. 8. Total Tax Payable
Total Tax = Tax + Surcharge + Cess
smHRt Recommendation
The calculator clearly shows you how much you’ll save under each regime and gives you suggestion with precise number For example, “You will save ₹7,300 if you opt for the New Tax Regime”.
Why to use the tax calculator tool?
The tax calculator gives you:
Simple, accurate, and updated with the latest tax rules
Helps you make smart choices before submitting investment proofs
How can I compare taxes under the old and new tax regimes in the ESS portal?
Step 1: Log into the ESS portal, go to the ‘Profile’ menu and click on the ‘My Tax Details’ submenu.
Step 2: Go to the ‘Tax Calculator’ tab to check the comparison between your ‘Total Tax Payable’ under the Old Tax Regime and the New Tax Regime according to the latest tax rules. The system will also show you the exact amount you can save above the comparison table.
Note: The calculated according to the declared deductions and your salary.
Path: ESS Portal > Profile > My Tax Details > Tax Calculator
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