Income Tax Calculator
Calculate tax liability for multiple financial years under both tax regimes
Tax Calculator
Enter your financial details to calculate tax liability for any financial year
Basic Information
Income Details
Deductions (Old Regime Only)
Only for Old Tax RegimeHRA Exemption (Optional)
Tax Calculation Results
Tax Slab Breakdown
Enter your income details to see slab-wise breakdown
Regime Comparison
How Tax is Calculated
Income tax is calculated based on your taxable income after applying deductions and exemptions.
New vs Old Regime
• Fewer deductions
• Standard deduction available
• Higher rebate limit
• HRA exemption
• Investment benefits
• Higher tax rates
About This Calculator
This comprehensive income tax calculator helps you estimate your tax liability for multiple financial years under both old and new tax regimes.
Accuracy & Speed
Get precise tax calculations instantly, eliminating manual errors and saving time.
Data Privacy
All calculations happen in your browser. Your financial data never leaves your device.
Budget Updates by Year
• No tax on income up to ₹12 lakh
• TDS limit on rent: ₹50,000/month
• New tax slabs introduced
• Rebate limit: ₹25,000
• Lower tax rates with fewer deductions
• Optional for taxpayers
New Tax Slabs (FY 2025-26)
Current tax slabs under the new regime for FY 2025-26:
Frequently Asked Questions
Choose the New Regime if your deductions are less than ₹3.75 lakh. Choose the Old Regime if you have substantial tax-saving investments, home loan interest, HRA exemption, or other deductions that exceed this amount. Use our calculator to compare both regimes.
Standard deduction of ₹75,000 is available under both regimes. It reduces your taxable income without requiring any proof of expenditure. This is automatically applied in our calculator for both regimes.
HRA exemption is the minimum of: (1) Actual HRA received, (2) Rent paid minus 10% of salary (Basic + DA), (3) 50% of salary for metro cities or 40% for non-metro cities. This exemption is only available under the Old Regime.
Yes, salaried individuals can choose between regimes each financial year. However, business professionals must stick to one regime once chosen. Our calculator helps you make the optimal choice each year.
