Income Tax Calculator

The Income Tax Calculator helps salaried individuals and self-employed persons in India estimate their annual income tax liability quickly and easily. Whether you are choosing between the Old Tax Regime and the New Tax Regime, this tool helps you compare and decide what is best for your situation.

Tax Slabs — New Regime (FY 2025–26)

Under the New Regime, a standard deduction of ₹75,000 is available for salaried employees. Under the Old Regime, deductions like 80C (up to ₹1.5 lakh), HRA, 80D (health insurance), and home loan interest can significantly reduce taxable income.

Example Calculation

Assume a salaried person with gross income of ₹12,00,000 per year. Under the New Regime (with ₹75,000 standard deduction), taxable income = ₹11,25,000. Tax = ₹0 + ₹15,000 + ₹30,000 + ₹18,750 = ₹63,750 plus 4% cess = ₹66,300. Under the Old Regime, if they claim ₹1.5L under 80C, ₹25,000 under 80D, and HRA of ₹1.2L, the taxable income reduces considerably — making the Old Regime potentially beneficial.

How to Use This Calculator

1. Enter your gross annual income (CTC or total earnings).
2. Select your age group (below 60, 60–80, or above 80 — senior citizens get higher exemptions).
3. Choose your preferred tax regime — Old or New.
4. Enter applicable deductions if using the Old Regime (80C, 80D, HRA, etc.).
5. Click Calculate to see your estimated tax liability and take-home income.

Tips to Reduce Your Tax Liability

• Invest ₹1.5 lakh under Section 80C (PPF, ELSS, LIC, NSC, etc.) to save up to ₹46,800 in tax.
• Buy health insurance to claim deduction under Section 80D.
• Claim HRA exemption if you are living in rented accommodation.
• Consider the New Regime if you have fewer investments and deductions.