Income Tax 
Calculator

An income tax calculator helps you estimate your tax payable by considering your income, deductions, exemptions, and chosen tax regime. It subtracts eligible deductions to determine your taxable income and applies the relevant tax slab to show your total tax liability.

Here are some tips calculate income tax using this income tax planner:

• Choose the tax regime that offers a lower tax liability.
• Utilise deductions under Section 80C, 80D, and 80G of the Income Tax Act, 1961, for tax savings (for those opting for old regime)
• Ensure accuracy by entering all sources of income.

Using an income tax calculator for FY 2024-25 is simple. Just follow these steps:

• Select the financial year: In this case, FY 2025-25.
• Enter your income: Input salary, rental income, capital gains, and any other earnings.
• Choose tax regime: Choose either the new tax regime or old tax regime.
• Add deductions: Include eligible deductions like 80C, 80D and HRA (only applicable to old regime of Income Tax Act, 1961).
• View tax computation: The tool calculates your net taxable income and tax payable.

Compare tax regimes: Analyse tax liability under both regimes to choose a suitable option.

By following these steps, taxpayers can make informed financial decisions and optimize tax savings.

While the calculator does the work instantly, understanding the process helps you stay informed. Steps to calculate income tax:

1. Calculate gross income: Add salary, capital gains, rent, and other earnings.
2. Apply exemptions: Deduct standard deduction and eligible exemptions. Under the new regime, only limited deductions apply (Sections 24b, 80CCD(2), and 80CCH).
3. Find taxable income: Subtract exemptions from gross income.
4. Apply tax slabs: Identify the applicable slab.
5. Compute tax liability: Calculate total tax payable as per the chosen regime.

- Annual income including salary (minus HRA) and income from other sources: Rs. 10,00,000

• Deductions: Rs. 1,50,000 under Section 80C
• Standard deduction: Rs. 50,000
• Tax computation: Based on income tax slabs, the tax payable is Rs. 75,400 (with cess).

In this case, the new tax regime is beneficial for the individual. However, the computation can change if all the applicable deductions under the old tax regime are fully utilised.

• Annual income: Rs. 10,00,000
• Standard deduction: Rs. 75,000
• Taxable income: Rs. 9,25,000
• Tax computation: Based on income tax slabs, the tax payable is Rs. 44,200 (with cess).

Income tax in India is categorized into old and new tax regimes. Below is a comparison of income tax slabs in India:

Note:

• This table applies to individual taxpayers below 60 years of age.
• For AY 2026–27, tax slabs under the new regime have been revised to make incomes up to ₹4 lakh tax-free and lower rates applied across subsequent ranges.
• Different slabs and exemptions apply for senior citizens (60 years and above) and super senior citizens (80 years and above).

Quick estimates

No need for manual computations—the income tax calculator gives instant results.

Tax planning:

It acts as an income tax planner, showing potential savings under both tax regimes.

Easy comparison :

Users can compare tax liability under the new and old tax regime and make an informed choice.