Tax Breakdown (Slab-wise)
Old vs New Regime Comparison
Spouse/Family Comparison
What-if Scenario Planner
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Tip: Compare both regimes, use What-if planner, and check personalized tips below!
Glossary
- FY: Financial Year (e.g., 2025-26)
- AY: Assessment Year (e.g., 2026-27)
- Salary Income: Income from employment
- House Property: Net income from house property
- Capital Gains: Profits from sale of assets
- Business/Profession: Net profit from business or profession
- Other Sources: Interest, lottery, etc.
- Deductions: Eligible deductions under 80C, 80D, etc.
- Regime: Old or New tax regime
- NRI: Non-Resident Indian
Need Help? Ask our TaxBot!
How to Use Income Tax Calculator
- Enter your total annual income and deductions.
- Select your age group.
- Click Calculate to see tax, breakdown, chart, and copy/download/print options.
FAQ
Q: How is income tax calculated in India?
A: Income tax is calculated based on income slabs, deductions, and the chosen regime (old or new).
Q: Which is better: old or new tax regime?
A: It depends on your income and deductions. This calculator compares both for you.
Q: What is the assessment year for FY 2025-26?
A: AY 2026-27.
A: Income tax is calculated based on income slabs, deductions, and the chosen regime (old or new).
Q: Which is better: old or new tax regime?
A: It depends on your income and deductions. This calculator compares both for you.
Q: What is the assessment year for FY 2025-26?
A: AY 2026-27.