Income Tax Calculator
Estimate your tax liability based on your income and deductions for the financial year.
Tax Calculation Inputs
Your Tax Summary
Taxable Income
₹0
Total Tax Payable
₹0
Potential Savings
₹0
Tax Breakdown
| Income Slab | Tax Rate | Tax Amount |
|---|---|---|
| Final Tax + Cess | ₹0 | |
Understanding Income Tax
Income tax is a mandatory contribution to the government based on your income. India has two tax regimes: the old regime with various exemptions and deductions, and the new regime with lower tax rates but fewer deductions.
Key Tax-Saving Instruments
Section 80C
Allows for deductions up to ₹1.5 lakh on investments like PPF, ELSS, and life insurance premiums.
Section 80D
Deductions on health insurance premiums paid for yourself, your family, and your parents.
House Rent Allowance
Exemption for the rent you pay for your accommodation, subject to certain conditions.
Home Loan
Deductions on both the principal and interest components of a home loan.
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