Introduction Take Control of Your Taxes with Ease

Filing income tax doesn’t have to be confusing or stressful. Whether you’re a salaried professional, freelancer, or business owner, knowing your tax liability ahead of time helps you plan better, save more, and avoid last-minute surprises.

That’s where our Income Tax Calculator comes in. It’s designed to give you an accurate estimate of your taxes payable, based on your income, deductions, exemptions, and chosen regime (Old or New). No complex forms, no tax jargon—just quick, clear answers to your most pressing tax questions.

Why Use an Income Tax Calculator?

Income tax rules are updated annually. Understanding how much tax you owe under the current financial year is essential. Here’s how the calculator helps:

• Calculates accurate tax liability based on income and deductions

• Compares Old vs. New Tax Regimes

• Helps identify tax-saving opportunities

• Assists in financial planning and budgeting

• Reduces errors before filing

It’s not just a tool—it’s your personal tax planning assistant.

How It Works Simple Inputs, Powerful Output

You just need to enter:

• Gross Annual Income

• Income Type (Salary, Business, Other)

• Age Group (Below 60, Senior Citizen, Super Senior)

• Deductions (like 80C, 80D, HRA, etc.)

• HRA Exemption (if applicable)

• Chosen Tax Regime (Old or New)

Output You’ll Get

• Total Taxable Income

• Tax Payable

• Tax Savings (compared across regimes)

• Surcharge and Cess (if applicable)

Our calculator uses official tax slabs as per the Finance Act, 2024 and supports calculations for both salaried and non-salaried individuals.

Income Tax Slabs for FY 2024–25 (AY 2025–26)

Old Regime (For Individuals < 60 Years)

New Regime (Optional)

💡 Note: Under the new regime, many deductions (like 80C, 80D, HRA) are not applicable.

Example: Comparing Old vs New Tax Regime

Imagine your gross annual income is ₹12,00,000, and you claim ₹1,50,000 under Section 80C and ₹25,000 under 80D.

• Old Regime Tax Payable: Approx ₹91,000

• New Regime Tax Payable: Approx ₹1,12,500

In this case, the Old Regime offers better tax savings. The calculator instantly shows such comparisons to help you choose wisely.

Key Use Cases of the Income Tax Calculator

For Salaried Employees

Plan monthly TDS deductions, avoid overpayment, and explore deduction opportunities under Section 80C, HRA, LTA, and NPS.

For Freelancers & Consultants

Estimate taxes without employer-provided Form 16 and identify tax-saving investment routes.

For Senior Citizens

Evaluate benefits under both regimes with age-specific exemptions and deductions like 80D for medical expenses.

For Startups & Business Owners

Understand income tax liability and reduce it legally through applicable deductions and tax-friendly investments.

Common Deductions That Impact Tax Liability

Knowing and applying these correctly can significantly reduce your tax burden.

Trusted Sources & References

• Income Tax Department India

• RBI – Tax Saving Guidelines

• ClearTax Guide to Regime Comparison

• ET Wealth: Old vs New Regime

Visual Aids for Deeper Insight

• Table: Old vs New Regime slab-wise comparison

• Chart: Impact of deductions on taxable income

• Infographic: Checklist of documents needed to file ITR

Internal Links (Navigation Strategy)

• FD Calculator

• RD Calculator

• Interest Calculator

• HRA Calculator

• EMI Calculator

Supporting Keywords for SEO

• Income Tax Calculator

• Tax Liability Estimator

• Old vs New Tax Regime Calculator

• Online Tax Filing Tool

• Income Tax Estimation FY 2024–25

All keywords are used contextually to maintain readability while enhancing visibility.

CTA: Don’t Wait for March – Calculate Now

Tax planning is a year-round job, not a last-minute hustle. Use our Income Tax Calculator today to know your exact tax liability, compare regimes, and unlock potential savings.