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India Income Tax Calculator.
Estimate Indian income tax under old and new regimes with FY 2024-25 reference deductions
Set your values
Results update as you type.
This is an estimate for guidance only. Your actual liability depends on your full financial position — confirm with a tax professional.
Regime comparison
Under the New regime, your total tax liability is ₹85,800 with an effective rate of 7.1%. The new regime offers lower rates but no deductions. Switch to old regime if you have significant investments.
FAQs
Which tax regime is better for salaried employees?
The new regime has lower tax rates but no deductions. The old regime allows deductions (80C, 80D, HRA) which can reduce tax for those with significant investments.
What is the standard deduction for FY 2024-25?
The standard deduction is ₹50,000 for salaried individuals under both tax regimes.
What is the tax rebate under Section 87A?
If your taxable income is up to ₹7 lakh, you can claim a rebate of up to ₹25,000 under Section 87A in the new regime, making your tax zero.
Source: Income Tax Department of India (India)
Reviewer: Mathify content team
Notice: Tax calculations are general estimates. Tax rules, deductions, and personal circumstances vary. Consult a qualified tax professional before filing.
How to Use the India Income Tax Calculator
Estimate your income tax under the old and new regimes and compare which saves more.
- Enter your annual income.
- Enter eligible deductions (80C, HRA, etc.) for the old regime.
- Compare tax under both regimes.
- Choose the regime with the lower liability.
Real-World Use Cases
Regime Choice
Decide between old (with deductions) and new (lower rates) regimes.
Tax Planning
See how 80C investments change your liability.
Tips & Common Mistakes
Tips
- The new regime has lower rates but removes most deductions.
- The old regime can win if you claim large deductions (80C, HRA, home loan).
Common Mistakes to Avoid
- Picking a regime without comparing both.
- Forgetting the standard deduction and rebate.
Related Calculators
Cite this calculator
Canonical URL: https://mathify.one/en/finance/income-tax-india
Cite as: Mathify. (2026). India Income Tax Calculator. https://mathify.one/en/finance/income-tax-india
Use Cases
Estimate Your Annual Tax Liability
Quickly estimate how much income tax you owe for the financial year based on your total income. This helps in budgeting and tax planning.
Example: Enter your annual income of ₹12,00,000 to see the estimated tax.
Plan Your Tax Savings
Use the calculator to see how your tax changes with different income levels, helping you plan investments and deductions to reduce your tax burden.
Example: Compare tax on ₹10,00,000 vs ₹12,00,000 to decide on additional investments.
Frequently Asked Questions
- How does the Income Tax India Calculator work?
- The calculator estimates your income tax liability based on the income you enter. It applies the current Indian income tax slab rates to compute the tax amount. Please note that it provides an estimate and may not include all deductions or cess.
- What inputs do I need to use the calculator?
- You need to provide your total annual income. The calculator then uses this figure to determine your tax liability according to the applicable tax slabs. Ensure you enter your income accurately for a reliable estimate.
- Is the calculator suitable for all types of income?
- The calculator is designed for general income tax estimation. It may not account for special income types like capital gains, business income, or agricultural income. For comprehensive tax planning, consult a tax professional.
Tips & Common Mistakes
Tips
- Enter your total annual income before any deductions to get an accurate estimate.
- Remember that the calculator provides an estimate; actual tax may vary due to cess and surcharge.
- Use the result as a starting point for tax planning, not as a final tax return figure.
- Check the latest tax slabs and rules, as they may change each financial year.
Common Mistakes to Avoid
- Entering net income after deductions instead of gross income, leading to an underestimated tax.
- Assuming the estimate includes all deductions and exemptions, which it may not.
- Using the calculator for previous years without updating to current tax rates.
Last updated: August 13, 2026