Income Tax Calculator

About the Income Tax Calculator

Filing taxes can be complicated, but our Income Tax Calculator makes it simple. With just a few inputs like your annual income, deductions, and exemptions, you can instantly estimate how much tax you owe under the latest income tax slabs. This helps you plan better, save more, and avoid last-minute surprises.

Key Features of the Income Tax Calculator

  • Calculates tax liability based on income slabs.

  • Allows inputs for deductions (80C, 80D, HRA, etc.).

  • Supports both old regime and new regime calculations.

  • Provides net taxable income and total tax payable.

  • Useful for salaried employees, freelancers, and business owners.

Income Tax Calculator

Example Tax Calculation (India – FY 2024-25)

  • Annual Income: ₹8,00,000

  • Deductions (80C + 80D): ₹1,50,000

  • Net Taxable Income: ₹6,50,000

  • Tax Payable (New Regime): ₹24,960 (including cess)

Why Use Our Income Tax Calculator?

  • Saves time by eliminating manual tax calculations.

  • Helps in financial planning and investment decisions.

  • Gives a clear picture of whether you should choose the old regime or new regime.

  • Useful tool for employees, self-employed professionals, and consultants.

Income Tax Calculator - India (FY 2024-25)

Income Tax Calculator – India (FY 2024–25)

Calculate your tax liability under the New Tax Regime

Please enter a valid positive number

Deductions (New Regime)

Automatically applied for salaried individuals
Employer's contribution to NPS (up to 10% of basic salary)
Income from agriculture that can be set off
Health insurance premium for self, spouse, children and parents
Interest paid on education loan for higher studies
Gross Income: ₹0
Standard Deduction: ₹0
Total Deductions: ₹0
Taxable Income: ₹0
Total Tax Payable: ₹0

Tax Slab Rates (New Regime):

Up to ₹3,00,000 0%
₹3,00,001 - ₹6,00,000 5%
₹6,00,001 - ₹9,00,000 10%
₹9,00,001 - ₹12,00,000 15%
₹12,00,001 - ₹15,00,000 20%
Above ₹15,00,000 30%

Who Should Use It?

  • Salaried professionals to plan salary structure.

  • Freelancers & business owners to estimate advance tax.

  • Tax planners & financial advisors for quick client calculations.

  • Students & beginners learning about personal finance.

Stay stress-free this financial year with our Income Tax Calculator and take control of your money smartly.