Income Tax Calculator
Calculate your Indian income tax liability for the current financial year. Plan your tax savings efficiently with our comprehensive online tax calculator.
Income Details
Enter your income and deductions to calculate tax
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Current Indian Tax Slabs (FY 2025-26, AY 2026-27)
| Income Tax Slabs | Income Tax Rates |
|---|---|
| Up to Rs. 4 lakh | Nil |
| Rs. 4 lakh to Rs. 8 lakh | 5% |
| Rs. 8 lakh to Rs. 12 lakh | 10% |
| Rs. 12 lakh to Rs. 16 lakh | 15% |
| Rs. 16 lakh to Rs. 20 lakh | 20% |
| Rs. 20 lakh to Rs. 24 lakh | 25% |
| Above Rs. 24 lakh | 30% |
Source: Government of India, FY 2025-26 (AY 2026-27)
How to Use the Income Tax Calculator
👉 Step-by-step guide
Input your total gross annual income in the provided field. Ensure this includes all taxable income sources for the current financial year.
Fill in eligible tax deductions under Section 80C, 80D, and others. This significantly helps reduce your overall taxable income.
Choose your age group and select the New or Old Tax Regime. Note that income tax slabs and Section 87A rebate benefits differ based on your choice.
Click the Calculate Tax button to instantly view your estimated tax liability and tax savings for the current financial year.
About Income Tax Calculator
What is the Income Tax Calculator?
The Income Tax Calculator is a digital tool that calculates your tax liability based on the latest tax slabs applicable for FY 2026-27. It considers your gross income, tax deductions, and age group while calculating the exact amount of tax you need to pay.
Benefits
- Plan your taxes efficiently and increase your take-home salary.
- Calculate your tax liability under the New and Old Tax Regime.
- Make the right financial decisions for the current assessment year.
Key Parameters
- Annual Income: Your total taxable income for the year from all sources.
- Deductions: Tax-saving investments you can claim under sections 80C or 80D.
- Age Group: Specific income tax slabs applicable for senior citizens.
What Makes Our Income Tax Calculator Unique?
- Dual Regime Support: Our calculator supports both New and Old Tax Regime calculations with the latest ₹12.75 Lakh tax-free limit applicable for salaried employees.
- Interactive Sliders: Use the interactive sliders on our calculator to easily estimate your income tax with the help of sliders.
- Instant Error Feedback: Our Income Tax Calculator instantly shows you any incorrect or missing information you may have entered.
- Tax Breakdown Visualization: (Coming Soon) Get a better understanding of your tax liability and surcharge with the help of easily interpretable charts.
- Mobile Optimized UI – Enjoy a seamless experience on all devices, including smartphones, tablets, and desktops.
- Real-time Results – Get instant calculations for taxes as you type, eliminating the need for any calculations.
- Accurate Calculation – Stay updated with the latest Indian tax slabs for FY 2026-27.
Use Cases for Income Tax Calculator
- Salary Planning – Employees can use the calculator to estimate the taxes and plan the salary structure to maximize the salary.
- Investment Planning – Investors can use the calculator to see the effect of deductions and investments under 80C.
- Retirement Planning – Senior citizens can use the calculator to see the tax slabs and specific benefits for their age group.
- Tax Filing Preparation – Individuals can prepare for ITR filing with the knowledge of the taxes they will pay.
- Financial Advising – Financial advisors can use the calculator to show different scenarios to clients.
Income Tax Calculation Formula
The income tax payable is calculated based on the taxable income after considering eligible deductions and the chosen tax regime (New or Old). The formula is:
Taxable Income = Annual Income - Deductions
Income Tax = Tax calculated as per applicable slabs
Total Tax Payable = Income Tax + Cess (4%)
Income Tax Calculation Table
Example: If your annual income is ₹8,00,000 and you claim ₹1,50,000 in deductions under the New Regime
Taxable Income: ₹6,50,000 (New Regime)
| Slab No. | Income Range (₹) | Tax Rate | Taxable Amount in Slab (₹) | Tax for Slab (₹) |
|---|---|---|---|---|
| 1 | 0 – 4,00,000 | 0% | 4,00,000 | 0 |
| 2 | 4,00,001 – 8,00,000 | 5% | 2,50,000 | 12,500 |
| 3 | 8,00,001 – 12,00,000 | 10% | 0 | 0 |
| Total Tax | ₹12,500 | |||
| Cess (4%) | ₹500 | |||
| Total Tax Payable | ₹13,000 | |||
💡 Your taxable income will be ₹6,50,000, resulting in a total tax payable of ₹13,000 including cess.
Frequently Asked Questions (FAQ)
The calculator uses the latest Indian tax slabs and rules for FY 2025-26. Results are estimates and may vary based on actual filing and exemptions.
This calculator is designed for FY 2025-26. For previous years, refer to the respective tax slabs and rules.
Major deductions like 80C, 80D are considered. For complex exemptions, consult a tax professional or refer to official guidelines.
No, your inputs are processed locally and not stored or shared.
Anyone - salaried individuals, pensioners, self-employed, and financial advisors - can use this tool for quick tax estimation.