Income Tax Calculator
Calculate your Indian Income Tax liability for the financial year. Plan your taxes efficiently with our comprehensive calculator.
Income Details
Enter your income and deductions to calculate tax
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% |
How to Use the Income Tax Calculator
👉 Step-by-step guide
About Income Tax Calculator
What is Income Tax Calculator?
The Income Tax Calculator is a tool designed to estimate your tax liability as per the latest Indian tax slabs. It considers your income, deductions, and age group to provide an accurate tax calculation.
Benefits
- Plan your taxes efficiently
- Understand your tax liability
- Make informed financial decisions
Key Parameters
- Annual Income: Your total income for the year
- Deductions: Eligible deductions under various sections
- Age Group: Tax slabs differ by age
What Makes Our Income Tax Calculator Unique?
- Dual Regime Support: Calculates tax for both New and Old regimes, including age-based slabs.
- Interactive Sliders: Adjust income and deductions with easy-to-use sliders for quick estimation.
- Instant Error Feedback: Highlights invalid or missing inputs in real-time.
- Tax Breakdown Visualization: (Coming Soon) Visualize your tax liability with charts.
- Mobile Optimized UI: Seamless experience across devices.
- Real-time Results: Instant calculation as you type
- Accurate Calculation: Follows latest Indian tax slabs
Use Cases for Income Tax Calculator
- Salary Planning: Employees can estimate annual tax and optimize salary structure.
- Investment Decisions: Investors can check tax impact of deductions and investments.
- Retirement Planning: Seniors can compare tax slabs and benefits for their age group.
- Tax Filing Preparation: Individuals can prepare for filing by knowing their liability in advance.
- Financial Advising: Advisors can quickly demonstrate tax 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.