Income Tax Calculator
Estimate your income tax liability under both Old and New Tax Regimes
Tax Calculator
Enter your income details to calculate tax liability
₹0
Total Income:₹7,50,000
Tax Regime:
Tax Summary
Your estimated tax liability for AY 2025-26
Enter your income details and click "Calculate Tax" to see your tax liability
Old vs New Tax Regime
Compare tax slabs between Old and New Tax Regimes
Tax Slabs Comparison (AY 2025-26)
| Income Range | Old Regime | New Regime |
|---|---|---|
| Up to ₹2.5 Lakh | Nil | Nil |
| ₹2.5 Lakh to ₹3 Lakh | 5% | Nil |
| ₹3 Lakh to ₹5 Lakh | 5% | 5% |
| ₹5 Lakh to ₹6 Lakh | 20% | 5% |
| ₹6 Lakh to ₹9 Lakh | 20% | 10% |
| ₹9 Lakh to ₹10 Lakh | 20% | 15% |
| ₹10 Lakh to ₹12 Lakh | 30% | 15% |
| ₹12 Lakh to ₹15 Lakh | 30% | 20% |
| Above ₹15 Lakh | 30% | 30% |
Old Regime: Allows for various deductions and exemptions under Chapter VI-A (80C, 80D, etc.)
New Regime: Offers lower tax rates but requires forgoing most exemptions and deductions
Tax Saving Tips
Strategies to optimize your tax liability
Investment Options
Section 80C (₹1.5 Lakh)
- • PPF (Public Provident Fund)
- • ELSS (Equity Linked Saving Scheme)
- • Tax Saving Fixed Deposits
- • National Pension System (NPS)
- • Life Insurance Premium
- • Home Loan Principal Repayment
Other Deductions
- • Section 80D: Health Insurance
- • Section 80TTA: Interest on Savings
- • Section 80E: Education Loan Interest
- • Section 80G: Donations to Charity
- • Section 80CCD(1B): Additional NPS
Tax Planning Strategies
- House Rent Allowance (HRA): If you're paying rent, claim HRA exemption by submitting rent receipts to your employer.
- Home Loan: Claim deduction for interest paid (up to ₹2 lakh) under Section 24 and principal repayment under Section 80C.
- Health Insurance: Purchase health insurance for yourself, spouse, children, and parents to claim deduction under Section 80D.
- Tax-free Allowances: Utilize tax-free allowances like LTA, telephone reimbursement, and meal coupons offered by your employer.
- Capital Gains: Hold equity investments for more than 1 year to qualify for long-term capital gains with lower tax rates.
Pro Tips
- • Start tax planning at the beginning of the financial year, not at the end
- • Compare both tax regimes before making a decision
- • Invest in tax-saving instruments that align with your financial goals
- • Keep all documents and proofs organized for easy filing
- • Consider consulting a tax professional for complex tax situations
Disclaimer: The use of financial calculators is subject to inherent financial and calculation risks. It is recommended to always consult with your financial advisors prior to undertaking any financial actions.