Income Tax Calculator

Select the financial year for which you want to calculate your tax liability. FY 2025-26 includes the latest tax slabs and provisions.

Your age group determines the tax slabs applicable. Senior citizens (60-80) and super senior citizens (above 80) have higher exemption limits and lower tax rates.

Enter your annual salary before deducting exemptions like HRA, LTA, etc. If LTA deduction is applicable, reduce it from salary and enter the net figure.

Enter total exempt allowances including House Rent Allowance (HRA), Leave Travel Allowance (LTA), and other exempted allowances. These reduce your taxable salary income.

Total interest income from savings accounts, fixed deposits, bonds, and other interest-bearing investments. This is taxable under "Income from Other Sources".

Annual rental income from property. This is taxable under "Income from House Property". Standard deduction of 30% is applicable on rental income.

Interest paid on home loan for rented property. This can be deducted from rental income to reduce taxable income. Maximum deduction allowed is ₹2 lakh per year.

Interest paid on home loan for self-occupied property. Maximum deduction allowed is ₹2 lakh per year under Section 24(b). This reduces your taxable income.

Net income from digital assets (cryptocurrency, NFTs, etc.). Enter net income = Sale consideration minus Cost of Acquisition. Taxed at 30% under new provisions.

Investments eligible for deduction under Section 80C (PPF, ELSS, NSC, Life Insurance Premium, Principal repayment of home loan, etc.). Maximum deduction: ₹1.5 lakh per year. Available only in old regime.

Health insurance premium paid for self, spouse, children, and parents. Maximum deduction: ₹25,000 (self/family) + ₹25,000 (parents) = ₹50,000. For senior citizens: ₹50,000 + ₹50,000 = ₹1 lakh. Available only in old regime.

Donations made to eligible charitable institutions and funds. Deduction ranges from 50% to 100% depending on the type of donation. Available only in old regime.

Interest paid on education loan for higher studies (self, spouse, or children). No maximum limit. Available for 8 years from the year interest starts being paid. Available only in old regime.

Interest income from savings account. Maximum deduction: ₹10,000 per year. Available only in old regime.

Select if you are a salaried individual. Salaried individuals are eligible for standard deduction of ₹75,000 in the new tax regime (FY 2025-26).