Income Tax Calculator 🇮🇳
Income Tax Calculator India (FY 2025–26) – Calculate Your Tax Instantly
Introduction
The Income Tax Calculator helps you estimate your tax liability based on your annual income, deductions, and tax regime. Whether you are a salaried employee or self-employed, this tool provides accurate results for both the old and new tax regimes in India.
Use this calculator to plan your taxes, compare regimes, and identify ways to save more money legally.
📊 What is Income Tax?
Income tax is a direct tax paid by individuals on their income earned during a financial year. The Government of India charges tax based on income slabs, which vary depending on the tax regime you choose.
⚖️ Old vs New Tax Regime
🟢 Old Tax Regime
- Allows deductions and exemptions
- Popular deductions:
- Section 80C (₹1.5 lakh)
- Section 80D (health insurance)
- NPS (₹50,000 extra)
🔵 New Tax Regime
- Lower tax rates
- No major deductions allowed
- Simpler and faster
👉 Use this calculator to compare both and choose the better option.
📈 Income Tax Slabs (FY 2025–26)
Old Regime:
- Up to ₹2.5 lakh → Nil
- ₹2.5L – ₹5L → 5%
- ₹5L – ₹10L → 20%
- Above ₹10L → 30%
New Regime:
- Up to ₹3 lakh → Nil
- ₹3L – ₹6L → 5%
- ₹6L – ₹9L → 10%
- ₹9L – ₹12L → 15%
- ₹12L – ₹15L → 20%
- Above ₹15L → 30%
💡 How to Save Income Tax
Here are some legal ways to reduce your tax:
- Invest in ELSS mutual funds
- Contribute to PPF
- Buy health insurance (80D)
- Invest in NPS (extra ₹50,000 benefit)
👉 Smart tax planning can save you thousands every year.
🧮 Example Calculation
If your annual income is ₹10,00,000:
- Standard deduction: ₹50,000
- Taxable income: ₹9,50,000
👉 Under old regime, tax may be higher unless you claim deductions
👉 Under new regime, tax may be lower with simpler structure
❓ Frequently Asked Questions (FAQ)
1. Which tax regime is better?
It depends on your deductions. If you claim many deductions, the old regime may be better. Otherwise, the new regime is simpler and often cheaper.
2. Is income up to ₹7 lakh tax-free?
Yes, under the new tax regime due to rebate under Section 87A.
3. What is standard deduction?
A flat deduction of ₹50,000 available to salaried individuals.
4. Can I switch between tax regimes?
Yes, salaried individuals can switch every year.
5. Is this calculator accurate?
This calculator provides close estimates based on current tax rules, but consult a tax advisor for exact filing.
📢 Conclusion
Use this Income Tax Calculator to make smarter financial decisions, compare tax regimes, and plan your investments effectively. Start calculating now and take control of your taxes.