Income Tax Calculator for India
Income Tax Calculator
Use our Income Tax Calculator to estimate your annual tax liability under Indian tax slabs. Input your gross income and deductions, and get an accurate breakdown of tax, cess, and total payable amount. Whether you’re salaried, self-employed, or a consultant, this tool helps you plan tax-saving investments and budget effectively. Plan your finances better today using our India-specific Income Tax Calculator.
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💡 Smart Financial Tips for Indian Users
- Maximize your 80C investments (e.g., ELSS, PPF) up to ₹1.5 lakh to lower taxable income.
- Opt for health insurance under 80D to claim up to ₹25,000 deduction—₹50,000 if you’re a senior citizen.
- Use the National Pension Scheme (NPS) under Section 80CCD(1B) for an extra ₹50,000 deduction.
- Maintain rent receipts and HRA proofs if you live in rented accommodation to claim exemptions.
- Invest in tax-saving fixed deposits under Section 80C for guaranteed returns and deductions.
- Consider the new tax regime if your deductions are minimal; compare both regimes carefully.
- File your income tax return before the deadline to avoid penalties and interest.
👥 Example Scenarios
Arjun earns ₹12 lakh annually and invests ₹1.5 lakh in ELSS and ₹25,000 in health insurance. His calculator shows a total tax liability of ₹84,600.
Priya earns ₹8 lakh and claims ₹1 lakh under 80C and ₹15,000 under 80D. She’ll pay around ₹47,200 as total tax.
🔍 Current Tax Slabs (FY 2024–25)
| Income Range (₹) | Tax Rate |
|---|---|
| 0 – 2,50,000 | Nil |
| 2,50,001 – 5,00,000 | 5% |
| 5,00,001 – 10,00,000 | 20% |
| Above 10,00,000 | 30% |
The above table shows how Indian tax slabs are structured. Use this to understand how your taxable income is divided across rates.
🛠️ How to Use
- Gather Your Financial Information: Note your gross annual income and total deductions under Sections 80C, 80D, and any other eligible sections.
- Enter Your Inputs: Fill in each field with accurate numbers. Fields accept only positive values—errors will appear if left blank or invalid.
- Click “Calculate”: Once all inputs are valid, the Calculate button activates. On click, the script computes tax slab by slab, adds cess, and displays the result.
- Review & Download: View your total tax liability and slab breakdown. Use “Copy Results” to copy the output text or “Download PDF” to save a formatted report.
- Repeat & Refine: Try different deduction scenarios to optimize your tax-saving strategy. Fine-tune investments and project annual tax liability.
Use this calculator as often as needed to fine-tune your financial decisions and reach your goals faster.
❓ Frequently Asked Questions
This calculator uses government-published tax slabs and standard cess rates. It gives a close estimate but should not replace professional tax advice.
Currently, this tool calculates under the old regime with deductions. We plan to add new regime comparisons in a future update.
You can claim deductions under Section 80C, 80D, and any other “Other Deductions” you enter. Ensure they’re within government limits.
No data is stored or transmitted. All calculations happen locally in your browser.
Health and Education Cess (4%) is levied on total tax. It’s calculated after slab tax.
Click “Download PDF” once it’s enabled. A jsPDF script generates your inputs, results, and tips in a formatted file.
We use the latest Finance Act-approved slabs for FY 2024–25 as notified by the Government.
Bonus Advice: Stay consistent, track your financial habits, and let data-driven tools like this guide your wealth journey in India.