Advanced Income Tax Calculator India (2024-25)

Advanced Income Tax Calculator
(FY 2024-25 / AY 2025-26)

New Tax Regime (Default)
Old Tax Regime

Income Details (Annual)

Deductions (Old Regime Only)

Max ₹75,000 (₹1L for senior citizens)
For salaried individuals

Tax Calculation Summary

Name:

Age:

Tax Regime:

Gross Total Income: ₹

Total Deductions: ₹

Taxable Income: ₹

Income Tax Before Rebate: ₹

Rebate Applied: ₹

Income Tax After Rebate: ₹

Health & Education Cess (4%): ₹

Total Tax Liability: ₹

Tax Saving Suggestions

Income Tax Calculator

Use our simple and accurate Income Tax Calculator to estimate your tax liability for the financial year. Plan better, save smarter, and stay compliant with ease.

How to Use Income Tax Calculator

  1. Select the financial year for which you want to calculate taxes.
  2. Enter your total annual income from all sources.
  3. Choose your applicable deductions and exemptions under various sections like 80C, 80D, etc.
  4. Click on the "Calculate" button to see your estimated tax amount.

Benefits of Using an Income Tax Calculator

  • Quickly estimate your tax liability without manual calculations.
  • Plan your investments to optimize your tax-saving potential.
  • Understand different tax regimes (old vs new) easily.
  • 100% free, fast, and mobile-friendly tool.

How Income Tax Calculation Works

Income tax is calculated based on your total taxable income and the applicable tax slabs set by the government. You can also claim deductions and exemptions to lower your taxable amount. Learn more about income tax basics at Income Tax Department of India.

Basic Income Tax Formula

The general formula for tax calculation is:

Tax Payable = (Total Taxable Income × Applicable Tax Rate) - Eligible Rebates

For detailed slab rates and rules, you can refer to the National Portal of India.

Frequently Asked Questions (FAQs)

Is this Income Tax Calculator free to use?

Yes, it’s completely free and accessible 24/7 from any device.

Does the Income Tax Calculator support both old and new tax regimes?

Yes, you can choose between the old regime and the new regime while calculating your tax liability.

Can this calculator handle multiple income sources?

Yes, you can include income from salary, house property, capital gains, business, and other sources.

Where can I learn more about tax-saving options?

For comprehensive guides on tax saving, you can visit Economic Times Wealth - Tax Section.

Explore More

PDF SAFEZONE