Use this free online income tax calculator to quickly estimate your tax liability in India under the New or Old tax regime. Enter your annual taxable income, choose a regime, and instantly see your slab-wise tax, health and education cess, total tax payable, and effective tax rate.
Simplified estimate for illustration only — not tax advice. Actual tax depends on deductions, exemptions, and the latest slabs notified by the Income Tax Department.
How to Use the Income Tax Calculator
Enter your annual taxable income in the "Annual Taxable Income (₹)" field.
Choose "New Regime" or "Old Regime" from the "Tax Regime" dropdown.
Click "Calculate Tax" to view your taxable income used, tax before cess, cess, total tax payable, and effective tax rate.
Frequently Asked Questions
For the New Regime, it first subtracts a flat ₹75,000 standard deduction from your annual income, then applies slab rates of 0% up to ₹3,00,000, 5% from ₹3,00,000-₹6,00,000, 10% from ₹6,00,000-₹9,00,000, 15% from ₹9,00,000-₹12,00,000, 20% from ₹12,00,000-₹15,00,000, and 30% above ₹15,00,000, taxing only the portion of income that falls within each slab.
Under the Old Regime, no standard deduction is applied in this tool — your full annual income is taxed at 0% up to ₹2,50,000, 5% from ₹2,50,000-₹5,00,000, 20% from ₹5,00,000-₹10,00,000, and 30% above ₹10,00,000.
After computing the tax based on the applicable slabs, the calculator adds a 4% Health and Education Cess on top of that amount to arrive at your Total Tax Payable, matching how cess is applied to slab-based tax in India.
No, this is a simplified, free estimate for illustration only and not tax advice. Your actual liability depends on deductions, exemptions, and the latest slabs notified by the Income Tax Department, so consult a tax professional or the official e-filing portal before filing.