Income Tax Calculator (India)
Calculate your income tax liability under the New and Old Tax Regime with slab-wise breakup, deductions, charts, and detailed explanations.
Tax Summary
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Income Tax
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Health & Education Cess (4%)
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Income vs Tax
Slab-wise Tax Breakdown
| Slab Range | Rate | Taxable Amount | Tax |
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How Income Tax Is Calculated in India
Income tax in India is calculated based on slab rates defined by the government. Taxpayers can choose between the New Tax Regime and Old Tax Regime depending on deductions and exemptions.
New vs Old Tax Regime
- New Regime offers lower tax rates but no deductions
- Old Regime allows deductions under sections like 80C and 80D
Frequently Asked Questions
The better regime depends on how much deductions you can claim.
Standard deduction is included under the Old Regime.
Salaried individuals can switch regimes every financial year.