Income Tax
Income tax calculator.
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🧮 Income Tax Calculation
Tax = ∑(Income in Slab × Slab Rate) - Rebate - Deductions
Where: Gross income, applicable deductions (80C, 80D, etc.), tax slab rates per chosen regime, surcharge and cess at 4%
Frequently Asked Questions
Which is better - old or new tax regime?
The new regime offers lower rates but fewer deductions. If your total deductions (80C, 80D, HRA, etc.) exceed ₹3.75 lakh, the old regime may save more. Use our calculator to compare both.
What are the tax slabs for 2026?
Under the new regime (2026): 0-4L: Nil, 4-8L: 5%, 8-12L: 10%, 12-16L: 15%, 16-20L: 20%, 20-24L: 25%, Above 24L: 30%. Standard deduction of ₹75,000 applies.
How can I save income tax legally?
Key tax-saving options: Section 80C (up to ₹1.5L - PPF, ELSS, EPF), Section 80D (health insurance up to ₹25K), HRA exemption, NPS additional ₹50K under 80CCD(1B), home loan interest under Section 24.