Free Online Income Tax Calculator – Compare Old & New Regime (India)
Calculate your income tax liability instantly with our Free Online Income Tax Calculator designed for Indian taxpayers. Enter your income from salary, house property, business or profession, capital gains, and other sources, and choose between the Old Tax Regime and the New Tax Regime to see accurate tax estimates with deductions (like 80C, 80D), standard deduction, rebate under Section 87A, surcharge and cess applied. Whether you’re a salaried employee, freelancer, business owner, contractor or entrepreneur, our tax calculator simplifies tax planning for the current financial year and upcoming assessment years, helping you understand your tax obligations and optimise your tax savings.
Income Tax Calculator
Enter your income and deduction details to compare regimes.
Navigate Your Taxes with Confidence
Understanding India's income tax system is essential for financial planning. Our Income Tax Calculator is a comprehensive tool designed to demystify tax calculations for salaried individuals, freelancers, professionals, and business owners. It provides a clear, side-by-side comparison of the Old and New Tax Regimes, helping you make an informed decision about which one is more beneficial for your financial situation.
For Every Kind of Income
This calculator supports all five heads of income as per the Indian Income Tax Act. You can input details from your Salary (including HRA and allowances), income or loss from House Property, Capital Gains (both short-term and long-term), and Other Sources like interest income.
Business & Professional Tax Simplified
For business owners and professionals, the calculator offers two modes. You can either enter your gross receipts and expenses for a Regular Business calculation or use the simplified Presumptive Taxation scheme under sections 44AD and 44ADA. Our tool automatically applies the correct rates and limits based on the latest config-driven rules.
Deductions & Final Tax
Easily enter your investments and expenses under popular sections like 80C, 80D, 80CCD(1B), and more. The calculator automatically applies these deductions only to the Old Regime, providing a true comparison. It then computes your tax liability under both regimes, factoring in rebates, surcharge, and cess, and clearly highlights which regime helps you save more tax.
Frequently Asked Questions
Disclaimer
Important Information Regarding This Calculator.
This calculator provides estimated results for informational purposes only and is not a substitute for professional tax advice. The calculations are based on the tax laws for the selected assessment year and the data you provide.
- For Estimation Only: The figures generated are estimates. The actual tax liability may vary based on your specific circumstances and the final interpretation of tax laws.
- Consult a Professional: We strongly recommend consulting with a qualified Chartered Accountant (CA) or tax professional before making any financial decisions or filing your income tax return.
- No Liability: We are not liable for any discrepancies in the tax calculation or for any financial decisions made based on the results from this tool. Use of this calculator is strictly at your own risk.
- Law Updates: Tax laws are subject to change. While we strive to keep our configuration updated, always refer to the latest official government notifications and the Income Tax Act for final authority.