Income Tax Calculator India – Old vs New Tax Regime

What is a TAX Calculator?

An Income Tax Calculator is an online tool that helps individuals compute their total taxable income, applicable tax liability, deductions, and exemptions based on salary, investments, and expenses. It provides a clear breakdown of tax obligations under both the old and new tax regimes. This tool is ideal for individuals and businesses looking to optimize tax planning and reduce their tax burden legally.

Real-World Use Cases for the TAX Calculator

Annual Tax Planning Optimization:Salaried professionals create strategic investment plans to minimize tax liability and maximize savings.
Comprehensive Deduction Strategy:Individuals explore various Section 80C and other tax deduction opportunities to reduce overall tax burden.
Salary Structure Analysis:Employees understand the tax implications of different salary components and potential restructuring options.
Multi-Income Source Tax Management:Professionals with diverse income streams develop holistic tax planning strategies using detailed income tax calculations.

Popular Calculators

How to Use the TAX Calculator (Step-by-Step Guide)

Follow these steps to calculate your income tax liability:

Enter Your Annual Income:

Input your total salary, business income, rental income, or any other taxable earnings.

Enter Eligible Deductions (Old Regime Only):

Section 80C: Investments in PPF, EPF, LIC, ELSS, etc. (Max ₹1.5 lakh).
Section 80D: Health insurance premiums.
Section 24(b): Home loan interest.
HRA Exemption: Rent paid (if applicable).
Other Deductions: Education loan interest (Section 80E), NPS (Section 80CCD), and donations (Section 80G).