Estimate your income tax under new and old regimes with deductions – real‑time & multi‑currency.
Max ₹1.5L
Up to ₹25k/50k
How income tax is calculated in India – For individuals, tax is computed on total income after deductions, based on age and chosen regime.
No most deductions allowed (except standard deduction of ₹50,000 for salaried).
Slabs depend on age; deductions under Chapter VI-A (80C, 80D, etc.) can be claimed.
For below 60: 0–₹2.5L nil, 2.5L–5L 5%, 5L–10L 20%, above 10L 30%.
Senior citizens (60-80): exemption ₹3L, same slabs.
Super senior (80+): exemption ₹5L, slabs: 5L–10L 20%, above 30%.
Rebate under Section 87A: up to ₹12,500 if taxable income ≤ ₹5L (old) or ≤ ₹7L (new).
Health & Education Cess: 4% on tax amount.
⚠️ Important Disclaimer
This calculator provides simplified estimates. Actual tax liability may vary based on precise income components, surcharge, and applicable rules. Consult a tax professional. Finance Toolbajar is not liable for any financial decisions.
Income Tax Calculator India is a free tax calculator tool built for Indian salaried employees and taxpayers. Use it when you need to estimate taxable income and tax under old and new regimes without installing extra software or moving through a complicated workflow.
This page naturally answers long-tail searches such as free Income Tax Calculator India online, Income Tax Calculator India for Indian salary and tax planning, and tax calculation with clear breakdown. The goal is to give clear, useful context instead of repeating the same phrase again and again.
For best results, keep your inputs realistic, compare the output with related tools on Finance ToolBajar, and treat calculator results as helpful estimates unless a qualified professional or official source confirms the final number.
Use Income Tax Calculator India as a quick browser-based helper for this task: estimate taxable income and tax under old and new regimes. Enter accurate values, review the result, and compare it with your own records before making important decisions.
Yes. Finance ToolBajar provides this page as a free online resource that works in a modern web browser without forcing users through a complicated setup.
This page is useful for Indian salaried employees and taxpayers, especially when they need a simple explanation, practical context, and related resources in one place.