Income Tax Calculator – Know Your Tax Liability Instantly

Our Income Tax Calculator helps you quickly estimate your tax liability under the latest Income Tax slabs and rules. By entering your annual income, deductions, exemptions, and applicable tax regime, you can calculate the exact amount of tax payable for the financial year. This tool makes tax planning easy and transparent for salaried individuals, business owners, and professionals alike.

Stay compliant and make informed financial decisions by understanding how various deductions under Section 80C, 80D, 80E, and other provisions impact your taxable income. Our calculator is designed to provide accurate results quickly, helping you plan your investments, savings, and expenses effectively while maximizing tax benefits.

Income Tax Calculator

Tax Year

Age Group

Income from Salary

Income from Interest

Rental Income Received

Income from Digital Assets

Exempt Allowances

Interest on Home Loan - Self Occupied

Interest on Home Loan - Let Out

Other Income

Basic Deductions - 80C

Medical Insurance - 80D

Interest on Housing Loan - 80EEA

Employer’s Contribution to NPS - 80CCD(2)

Interest from Deposits - 80TTA

Donations to Charity - 80G

Employee’s Contribution to NPS - 80CCD

Any Other Deduction

Tax Liability Summary

Old Regime: ₹0

New Regime: ₹0

You save: ₹0

We recommend New Regime ✅

Income Summary

Total Income: ₹0

Total Deductions: ₹0

Taxable Income: ₹0

How to Use the Income Tax Calculator Effectively

The Income Tax Calculator is a powerful tool that helps you understand your tax liability quickly and accurately. It considers your annual income, deductions, exemptions, and the tax regime you choose (Old or New) to calculate the exact tax payable. Whether you are a salaried employee, self-employed professional, or business owner, this calculator simplifies your tax planning process.

Step-by-Step Guide

Enter Your Total Income: Include your salary, business income, rental income, and other sources.
Add Applicable Deductions: Enter deductions under sections like 80C (investments in PPF, ELSS, NSC), 80D (health insurance premium), 80E (education loan interest), and others.
Choose the Tax Regime: Select between the Old Tax Regime with exemptions/deductions or the New Regime with lower slab rates but limited deductions.
Calculate Tax: Click on the “Calculate” button to instantly view your total tax liability, including cess and surcharges if applicable.

Example Calculation

Suppose you are a salaried individual with an annual income of ₹10,00,000. You invest ₹1,50,000 in PPF and ELSS under Section 80C and pay ₹25,000 as health insurance premium under Section 80D.

Step 1: Total Income = ₹10,00,000
Step 2: Total Deductions = ₹1,50,000 + ₹25,000 = ₹1,75,000
Step 3: Taxable Income = ₹10,00,000 - ₹1,75,000 = ₹8,25,000
Step 4: Income Tax (Old Regime) = Calculated as per applicable slabs → ₹62,500 + cess → ₹65,625 approx.

This calculation shows how small, planned investments in tax-saving instruments can significantly reduce your tax burden. Using the Income Tax Calculator regularly helps you make informed financial decisions and ensures compliance with the latest tax rules.

Benefits of Using This Calculator

Instantly know your tax liability under Old and New tax regimes.
Plan investments to maximize deductions and tax savings.
Understand the impact of health insurance, education loans, and other exemptions.
Stay updated with the latest Income Tax rules for accurate calculations.