Income Tax Calculator
Calculate your income tax liability in India using current tax slabs. Includes 4% education cess for accurate calculation.
Income Tax Breakdown
How to use Income Tax Calculator
Calculate your income tax liability in India using current tax slabs. Includes 4% education cess for accurate calculation. Enter realistic values, review the instant result, then use the comparison cards, chart and suggestions to understand the decision before you act.
Formula used
Tax tools use slab, deduction, exemption or GST rules based on the values entered. They estimate taxable income, tax, cess, invoice GST or deduction usage where applicable.
Result explained
Compare tax payable, monthly impact and the difference between scenarios. Keep proof, eligibility and regime rules in mind before acting on the estimate.
Example
For tax regime comparison, enter gross income and eligible deductions once, then test old and new regime outcomes. For GST, switch inclusive/exclusive mode to confirm invoice breakup.
Assumptions used
- Tax rules can change by financial year.
- The calculator cannot verify eligibility documents or special exemptions.
- Confirm filing, compliance and high-value transactions with a qualified professional.
- Results are rounded for readability and should be verified before major money decisions.
FAQs
Is this Income Tax Calculator accurate?
It is an educational estimate based on the values you enter and standard finance formulas. Actual bank, tax, investment or provider results can vary.
Can I change the assumptions?
Yes. Edit the inputs and compare scenarios. Conservative assumptions are usually better for important decisions.
Does this tool save my data?
Saved results stay in your browser only. The calculator works without login or backend storage.
Should I use this result as advice?
No. Use it as a planning guide and confirm major loan, tax or investment decisions with a qualified professional.
Related calculators
New Regime Tax Slabs (FY 2025-26 - Current):
• Up to ₹4 Lakhs: Nil (Exemption Limit)
• ₹4 - ₹8 Lakhs: 5%
• ₹8 - ₹12 Lakhs: 10%
• ₹12 - ₹16 Lakhs: 15%
• ₹16 - ₹20 Lakhs: 20%
• ₹20 - ₹24 Lakhs: 25%
• Above ₹24 Lakhs: 30%
Plus: 4% Health & Education Cess on total tax
Standard Deduction: ₹75,000
Tax-Free Income Limit: Up to ₹12 Lakhs (with Section 87A Rebate)
Frequently Asked Questions
What is the difference between New Regime and Old Regime?
The New Regime (introduced in FY 2023-24, default from FY 2024-25) offers lower tax rates and higher exemption limit (₹4 lakh) but doesn't allow deductions like HRA, 80C. The Old Regime allows tax-saving deductions (HRA, LTA, 80C, 80D) but has higher tax rates and lower exemption limit (₹2.5 lakh). Most salaried employees benefit from the New Regime. Use this calculator to compare both.
What is income tax?
Income tax is a tax levied on individuals and businesses based on their income. In India, tax rates vary based on income slabs and are progressive (higher income = higher rate).
What is education cess?
4% Health & Education Cess is levied on income tax. It's a surcharge used for healthcare and education development. Total tax = Income Tax + (4% Cess on Income Tax).
Is income up to ₹12 lakh tax-free under the new regime?
Yes! Under the New Regime for FY 2025-26, income up to ₹12 lakh is effectively tax-free due to Section 87A tax rebate. The basic exemption limit is ₹4 lakh, but the rebate covers up to ₹12 lakh, resulting in zero tax for most salaried employees earning up to ₹12 lakh.
What is the standard deduction?
Standard Deduction for FY 2025-26: ₹75,000 (New Regime) or ₹50,000 (Old Regime). This is deducted from salary income automatically for all salaried employees and pensioners, reducing taxable income without itemizing expenses.
How do I use this income tax calculator?
Enter the required values, review the instant result, and then use the updated insights and scenario cards to compare alternate cases before making a decision.