Tax Calculator

Calculate income tax, take-home salary, tax saving investments under old and new tax regime with latest tax slabs

Max: ₹1.5 lakh (Old regime only)
80D, 80G, HRA, etc.

Income Tax Analysis

₹0.00 Total Tax Payable
₹0.00 Income Tax
₹0.00 Cess & Surcharge
Taxable Income: ₹0.00
Effective Tax Rate: 0.00%
Take Home Income: ₹0.00
Employee PF contribution

Salary Tax Breakdown

₹0.00 Monthly Take Home
₹0.00 Monthly Tax
₹0.00 Annual Tax
HRA Exemption: ₹0.00
Standard Deduction: ₹75,000
Tax Saving Needed: ₹0.00
Section 24(b) - Max ₹2 lakh

Tax Regime Comparison

₹0.00 Tax Savings (Better Regime)
₹0.00 Old Regime Tax
₹0.00 New Regime Tax
Better Regime: --
Savings Percentage: 0.00%
Monthly Savings: ₹0.00

How to Use the Tax Calculator

Our comprehensive tax calculator provides essential tools for income tax planning and optimization:

📊 Income Tax Calculator

Calculate income tax using current tax slabs. New regime FY 2025-26: 0% up to ₹3 lakh, 5% (₹3-7 lakh), 10% (₹7-10 lakh), 15% (₹10-12 lakh), 20% (₹12-15 lakh), 30% above ₹15 lakh. Old regime: 0% up to ₹2.5 lakh, 5% (₹2.5-5 lakh), 20% (₹5-10 lakh), 30% above ₹10 lakh. Add 4% health and education cess on total tax.

💼 Salary Tax Calculator

Calculate take-home salary after tax deductions. Standard deduction: ₹75,000. HRA exemption: Lowest of (HRA received, Rent paid - 10% basic salary, 50%/40% basic salary for metro/non-metro). PF contribution up to ₹1.8 lakh per year exempt. Professional tax varies by state: Maharashtra ₹2,500, Karnataka ₹2,400, West Bengal ₹2,500 annually.

⚖️ Tax Regime Comparison

Compare old vs new tax regime benefits. New regime offers lower tax rates but no major deductions except standard deduction. Old regime allows Section 80C (₹1.5 lakh), 80D (₹25,000-₹1 lakh), HRA, home loan interest (₹2 lakh), but higher tax rates. Choose based on your deduction eligibility and income level. Generally, new regime better for income below ₹15 lakh with minimal deductions.

Tax Planning Tips: Invest in ELSS, PPF, NSC for Section 80C. Take health insurance for 80D benefits. Plan salary structure with HRA, LTA, meal allowances. Consider NPS for additional ₹50,000 deduction under 80CCD(1B). File ITR by July 31st to avoid penalties. Keep investment proofs and Form 16 ready for filing.

Frequently Asked Questions

What are the current income tax slabs for FY 2025-26?
New regime: 0% (up to ₹3 lakh), 5% (₹3-7 lakh), 10% (₹7-10 lakh), 15% (₹10-12 lakh), 20% (₹12-15 lakh), 30% (above ₹15 lakh). Old regime: 0% (up to ₹2.5 lakh), 5% (₹2.5-5 lakh), 20% (₹5-10 lakh), 30% (above ₹10 lakh). Add 4% health and education cess on total tax. Senior citizens get higher basic exemption limits.
Which tax regime should I choose - old or new?
Choose new regime if: Income below ₹15 lakh with minimal deductions, no home loan, limited investments in 80C. Choose old regime if: Significant deductions like HRA, home loan interest, high 80C investments, medical insurance premiums. New regime is default but you can opt for old regime while filing ITR. Use tax calculator to compare both regimes for your income.
How is HRA exemption calculated?
HRA exemption is lowest of: (1) Actual HRA received, (2) Rent paid minus 10% of basic salary, (3) 50% of basic salary for metro cities (Mumbai, Delhi, Chennai, Kolkata) or 40% for non-metro cities. If rent exceeds ₹1 lakh annually, landlord PAN required. HRA exemption only available in old tax regime.
What investments qualify for Section 80C deduction?
Section 80C investments (max ₹1.5 lakh): PPF, ELSS mutual funds, life insurance premium, EPF, NSC, tax-saving FD, principal repayment of home loan, tuition fees for children, Sukanya Samriddhi Yojana. ELSS has shortest lock-in (3 years). PPF offers highest returns (7.1%) with 15-year lock-in. Only available in old tax regime.
When should I file income tax return and what are the penalties?
ITR filing due date: July 31st (individuals), September 30th (audit cases). Late filing penalty: ₹5,000 (income above ₹5 lakh), ₹1,000 (income below ₹5 lakh). If filed after December 31st, penalty increases to ₹10,000/₹5,000 respectively. Interest charged at 1% per month on unpaid tax. File even if no tax due for claiming refunds and maintaining compliance records.