5-in-1 Income Tax Calculator Online
Income tax slabs and surcharge regulations are updated periodically. This 5-in-1 Income Tax Calculator provides quick and accurate tax estimations based on standard mathematical rules and the latest tax brackets.
How the Calculator Modes Work
1. General Income Tax Calculator
Allows you to input your gross annual income under the New Tax Regime to calculate your net tax liability, factoring in standard deductions and the 4% health and education cess.
2. Old vs New Tax Regime Comparison
Compares your tax liability across both regimes based on your age category (Below 60, Senior, or Super Senior) and eligible Section 80C/80D deductions to help identify which option saves you more.
3. Salary Tax Calculator
Tailored for salaried employees to factor in HRA exemptions and standard deductions, giving a clear estimate of taxable salary and final tax due.
4. Capital Gains Tax Calculator
Separately computes tax obligations on stock, mutual fund, or equity investments, covering Short Term Capital Gains (STCG at 20%) and Long Term Capital Gains (LTCG at 12.5% above the exemption limit).
5. Tax Saving Estimator
Calculates the exact amount of tax you can save under the Old Tax Regime by claiming various deductions such as Section 80C and 80D.
Income Tax Slabs Rate Chart
| Income Slabs | New Regime Rate | Old Regime Rate (< 60 Yrs) |
|---|---|---|
| Up to ₹2.5L / ₹4L | NIL | NIL |
| ₹4L to ₹8L / ₹2.5L - ₹5L | 5% | 5% |
| ₹8L to ₹12L / ₹5L - ₹10L | 10% | 20% |
| Above ₹10L / ₹24L | 30% (Above 24L) | 30% (Above 10L) |
Frequently Asked Questions (FAQs)
Yes, due to the Section 87A tax rebate applicable under the New Regime, net taxable incomes up to ₹12 Lakhs result in zero tax liability.
Yes, salaried employees receive a standard deduction of ₹75,000 under the New Tax Regime and ₹50,000 under the Old Tax Regime.
A flat 4% Health and Education Cess is added on top of the final calculated income tax amount across all computations.