Income Tax Calculator

Estimate your income tax liability for the current financial year.

Your Income Details

Annual Income (Gross)

₹

Enter your total annual income before deductions.

Deductions (e.g., 80C, 80D)

₹

Total amount of eligible tax deductions.

Age Group

Net Taxable Income

₹ 0

Total Tax Liability

₹ 0

Average Tax Rate

0 %

Tax Breakdown

Income Slab	Tax Rate	Tax Amount

Understanding Income Tax in India

Our Income Tax Calculator helps you understand your tax liability based on the latest tax regulations.

What is Income Tax?

Income tax is a type of tax that governments impose on income generated by individuals and businesses within their jurisdiction. It is a key source of revenue for governments, used to fund public services and expenditures.

In India, income tax is levied by the Central Government and is governed by the Income Tax Act, 1961.

How Income Tax is Calculated

Income tax calculation involves several steps:

Determine Gross Total Income
This includes income from salary, house property, business or profession, capital gains, and other sources.
Subtract Deductions
Various sections of the Income Tax Act (e.g., 80C, 80D, 80G) allow for deductions from gross total income.
Arrive at Net Taxable Income
Gross Total Income minus eligible deductions gives you the Net Taxable Income.
Apply Tax Slabs
The net taxable income is taxed as per the applicable tax slabs, which vary based on age group and the chosen tax regime (old vs. new).
Add Surcharge and Cess
A surcharge may be applicable for high-income earners, and a health and education cess is levied on the total tax liability.

Note: This calculator uses the Old Tax Regime for its calculations. Tax laws are subject to change by the government.

Current Income Tax Slabs (Old Regime - FY 2024-25 / AY 2025-26)

The tax slabs for individuals vary based on their age:

For Individuals Below 60 Years

Income Slab	Tax Rate
Up to ₹2,50,000	Nil
₹2,50,001 to ₹5,00,000	5%
₹5,00,001 to ₹10,00,000	20%
Above ₹10,00,000	30%

Note: A tax rebate under Section 87A is available for total income up to ₹5,00,000, reducing tax to nil.

For Senior Citizens (60 years to 80 years)

Income Slab	Tax Rate
Up to ₹3,00,000	Nil
₹3,00,001 to ₹5,00,000	5%
₹5,00,001 to ₹10,00,000	20%
Above ₹10,00,000	30%

Note: A tax rebate under Section 87A is available for total income up to ₹5,00,000, reducing tax to nil.

For Super Senior Citizens (Above 80 years)

Income Slab	Tax Rate
Up to ₹5,00,000	Nil
₹5,00,001 to ₹10,00,000	20%
Above ₹10,00,000	30%

No rebate under Section 87A for super senior citizens as their nil tax slab is higher.

Disclaimer: Tax laws are complex and subject to change. This calculator provides an estimate and should not be considered professional tax advice. Consult a tax professional for personalized guidance.

Frequently Asked Questions

The Old Tax Regime allows taxpayers to claim various deductions (like 80C, HRA, LTA) and exemptions to reduce their taxable income. The New Tax Regime offers lower tax rates but requires taxpayers to forgo most deductions and exemptions.

Section 80C of the Income Tax Act allows a maximum deduction of ₹1.5 lakh from your taxable income. It covers investments like EPF, PPF, ELSS mutual funds, life insurance premiums, home loan principal repayment, and more.

Yes, a Health and Education Cess of 4% is mandatory and is levied on the total income tax liability (including surcharge, if any). It is not subject to any exemptions.