Income Tax Calculator

💡 What is an Income Tax Calculator?

An income tax calculator helps you estimate how much tax you owe based on your salary, deductions, and the tax regime you choose—old or new. It breaks down your total tax and liability so you can plan your finances better and avoid last-minute surprises when you filling the return.

📊 Old vs New Tax Regime: What’s the Difference?

In India, taxpayers can choose between two regimes:

• Old Regime: Offers exemptions and deductions like HRA, 80C, 80D, etc.
• New Regime: Lower tax rates, but most deductions are not allowed.

Our calculator compares both and shows which one saves you more based on your inputs.

🧮 How to Use This Calculator

Just fill in the following fields:

• Personal Details: Your age and chosen tax regime
• Income Details: Salary, rental income, other earnings
• Housing Info: HRA received, rent paid, and metro city status
• Loan Interest: Self-occupied or let-out property loan interest
• Deductions: 80C, NPS, medical insurance, donations, etc.

Click “Calculate Now” to see your estimated tax under both regimes.

✔️ Key Features

• 🔍 Compare old vs new tax regime instantly
• 💰 Shows which regime saves you more tax
• 📅 Works with latest FY 2024–25 income slabs
• ⚙️ Includes all major deductions: 80C, 80D, HRA, loans, and more

🙋 Common Questions

Q. Do I have to manually choose the regime?

No. If you select “Compare Both (Auto)”, the calculator picks the better option for you.

Q. Are the results accurate?

Yes, based on current tax rules. Actual tax may vary slightly depending on employer policies or future updates.

Q. What’s the benefit of entering HRA and rent paid?

These help calculate the HRA exemption under the old regime, which can lower your taxable income.

📌 Final Tip

Try different combinations of deductions and incomes to see how you can maximize your savings. Whether you're salaried, self-employed, or a senior citizen, this calculator gives a quick, clear snapshot of your tax outlook.