Calculate your income tax liability for FY 2025-2026 (AY 2026-27)
The Income Tax Calculator is an online tool that helps you calculate your tax liability for a financial year based on your income, deductions, and applicable tax slabs. It simplifies complex tax calculations and helps you plan your taxes effectively.
Simply enter your annual income, select your age group and tax regime, add any deductions you're eligible for, and click Calculate. The calculator will show your total tax liability including cess.
The old tax regime allows you to claim various deductions and exemptions (like HRA, 80C, 80D, etc.) but has higher tax rates. The new tax regime offers lower tax rates but eliminates most deductions and exemptions.
Common deductions include Section 80C (up to ₹1.5 lakh), Section 80D (health insurance), Section 80G (donations), HRA, and others. Enter the total amount of all deductions in the calculator.
Yes, our calculator follows the Income Tax Act, 1961 and uses the latest tax slabs and rates. However, for complex tax situations, we recommend consulting with a tax expert.