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Income Tax Calculator

Calculate your income tax liability under both old and new tax regimes in India.

Income Tax Details

Enter your income and deduction details.

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Results

Total Tax Payable
₹28,600
Gross Income
₹10,00,000
Taxable Income
₹7,75,000
Income Tax
₹27,500
Health & Education Cess
₹1,100
Net Income
₹9,71,400

Calculation guide

How to use the Income Tax Calculator

Calculate your income tax liability under both old and new tax regimes in India. This tool is designed for Indian users who want a quick estimate before comparing options, speaking with an advisor, or committing money. It helps you estimate tax impact, compare regimes, and understand deductions before making salary or investment decisions.

Formula and methodology

Tax calculators apply slab-based rules, eligible deductions, exemptions, surcharge or cess assumptions where relevant, and then estimate net liability from the entered income details.

WealthWiseGrow keeps calculator inputs private in your browser wherever possible. The result should be treated as an educational estimate and reviewed against the official product terms, bank quote, fund document, tax rule, or salary structure that applies to your situation.

Example interpretation

For example, the new regime may look simpler, but the old regime can still work better for users with HRA, 80C, home loan interest, medical insurance, or other deductions. A calculator makes the comparison visible.

After calculating, compare at least two scenarios: a conservative case and an optimistic case. This helps you avoid planning around a single number that may not survive changes in income, interest rates, inflation, tax rules, or market returns.

Key assumptions

  • - Tax rules can change after the Union Budget or official notifications.
  • - The result is an estimate and should be verified with Form 16, AIS, or a qualified tax professional before filing.
  • - State-specific, employer-specific, or special-case rules may need manual adjustment.

Common mistakes

  • - Choosing a tax regime without comparing deductions.
  • - Assuming every allowance is automatically tax-free.
  • - Using outdated slab information after a Budget change.
Editorial note: Calculators on WealthWiseGrow are for education and planning. They are reviewed for formula accuracy, but they do not replace professional financial, tax, legal, or investment advice.

Tax Planning Tips

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Compare old vs new tax regime to save more.

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Maximize deductions under Section 80C, 80D.

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Plan investments for tax efficiency.