Income Tax Estimator
Calculate your income tax liability under old and new tax regimes. Includes deductions, exemptions, and tax planning.
Income Tax Calculator (India)
Income Tax Information
Calculate your income tax liability under both old and new tax regimes in India. Our calculator considers all major deductions and exemptions to help you choose the most beneficial tax regime.
Tax Regimes Comparison (FY 2024-25):
| Income Slab | Old Regime | New Regime |
|---|---|---|
| ₹0 - ₹2.5L | 0% | 0% |
| ₹2.5L - ₹5L | 5% | 5% |
| ₹5L - ₹7.5L | 20% | 10% |
| ₹7.5L - ₹10L | 20% | 15% |
| ₹10L - ₹12.5L | 30% | 20% |
| ₹12.5L - ₹15L | 30% | 25% |
| Above ₹15L | 30% | 30% |
Disclaimer: This calculator provides estimates based on current tax laws.
Consult a tax professional for accurate tax planning and filing.
Quick Tax Info
Financial Year: April 1 to March 31
Assessment Year: Next year after FY
Due Date: July 31 (Individual)
ITR Forms: ITR-1 to ITR-7
TDS: Tax Deducted at Source
Section 80C Options
- ✓ PPF (Public Provident Fund)
- ✓ ELSS Mutual Funds
- ✓ Life Insurance Premium
- ✓ EPF (Employee Provident Fund)
- ✓ NSC (National Savings Certificate)
- ✓ 5-Year Tax Saver FD
- ✓ Home Loan Principal
- ✓ Children's Tuition Fees
Tax Saving Tips
- Maximize 80C deductions (₹1.5L limit)
- Claim health insurance under 80D
- Plan salary structure for HRA
- Choose optimal tax regime
- Keep investment proofs ready