India Income Tax Calculator
This calculator helps you determine your income tax liability for the financial year 2025-26. It is designed for Indian taxpayers to compare the old vs. new tax regimes, including deductions under Section 80C, 80D, and more.
Calculate Your Tax
Results
Authoritative Data Source
Tutti i calcoli si basano rigorosamente sulle formule e sui dati forniti dal sito ufficiale del governo indiano: Income Tax Department.
The Formula Explained
For old regime: Tax = (Income - Deductions) * Tax Rate
For new regime: Tax = Income * Tax Rate
Glossary of Terms
- Annual Income: Total income earned in a financial year.
- Tax Regime: Choice between old and new tax structures.
- Deductions: Expenses that reduce taxable income.
- Tax Payable: Total tax owed to the government.
How It Works: A Practical Example
Suppose your annual income is ₹10,00,000. Under the old regime with deductions of ₹1,50,000, your tax is calculated as follows:
Tax = (10,00,000 - 1,50,000) * applicable tax rates
Frequently Asked Questions (FAQ)
What is the difference between the old and new tax regime?
The old tax regime offers more deductions, while the new regime provides lower tax rates with fewer deductions.
How do I calculate my taxable income?
Your taxable income is calculated by subtracting eligible deductions from your total income.
Can I switch between regimes?
Yes, you can choose your preferred regime every financial year.
What deductions are available under Section 80C?
Section 80C allows deductions for investments like PPF, EPF, NSC, and others, up to ₹1.5 lakh.
Is health insurance premium deductible?
Yes, under Section 80D, premiums paid for health insurance are deductible.