Calculator
Tax Calculator
Calculate your income tax and net earnings. Compare old vs new tax regimes, add deductions, and see your effective tax rate instantly.
Section 80C, 80D, HRA, etc. (salaried employees get ₹50,000 standard deduction automatically)
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How to use the Tax Calculator
Using this free tax calculator is simple. Enter your gross annual income, choose your tax regime (old or new), add any deductions, and select your employment type. Click Calculate Tax to see your tax liability and net income.
The calculator supports both old and new tax regimes, automatically applies the standard deduction for salaried employees, and provides a detailed breakdown of your tax calculation.
What this calculator shows you
- ✓Tax amount — The total income tax you need to pay.
- ✓Net income — Your income after tax deduction.
- ✓Effective tax rate — The actual percentage of tax you pay on total income.
- ✓Taxable income — Income after applying deductions.
- ✓Tax slab breakdown — Detailed view of tax calculation under the new regime.
- ✓Tax insights — Quick tips and analysis of your tax situation.
How is the tax calculated?
Tax is calculated based on the chosen tax regime and applicable deductions. The formulas used are:
Taxable Income = Gross Income - Deductions
New Regime:
Tax is calculated progressively across slabs:
0-3L: 0% | 3-7L: 5% | 7-10L: 10% | 10-12L: 15% | 12-15L: 20% | 15L+: 30%
Old Regime:
Tax = Taxable Income × Tax Rate
Effective Rate = (Tax Amount ÷ Gross Income) × 100
New Regime:
Tax is calculated progressively across slabs:
0-3L: 0% | 3-7L: 5% | 7-10L: 10% | 10-12L: 15% | 12-15L: 20% | 15L+: 30%
Old Regime:
Tax = Taxable Income × Tax Rate
Effective Rate = (Tax Amount ÷ Gross Income) × 100