Income Tax Calculator
Estimate based on simplified slab rules for planning purposes.
Annual Gross Income
Total Deductions (Other than Standard Deduction)
Income Tax Summary
Taxable Income
₹ 15,25,000
Income Tax (Before Rebate)
₹ 1,08,750
Rebate
₹ 0
Health & Education Cess
₹ 4,350
Total Tax Liability
₹ 1,13,100
Net Income After Tax
₹ 16,86,900
Effective Tax Rate
6.3%
How Income Tax Is Calculated
Tax is computed using slab rates for the selected regime, then rebate and cess are applied.
Total Tax = (Slab Tax - Rebate) + 4% Cess
Taxable Income = Annual Income - Deductions - Standard Deduction
Standard deduction assumed: Rs 75,000 (new regime), Rs 50,000 (old regime)
Section 87A rebate assumptions: up to Rs 12,00,000 (new), up to Rs 5,00,000 (old)
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Disclaimer
This is an indicative calculator and not a legal or tax filing tool.
It does not include all tax provisions such as surcharge, special income rates, exemptions, and complex set-off rules.
Tax rules may change. Please verify with a qualified tax professional before filing.
Frequently asked questions
1. What does this income tax calculator estimate?
It estimates tax liability using slab-based computation with cess for selected regime based on your annual income and deductions.
2. Which tax regimes are supported?
Both old and new tax regimes are supported with separate slab and rebate assumptions.
3. Is this an official tax filing tool?
No. This is an indicative calculator for planning and should not be treated as a final tax filing output.
4. Does this include surcharge and all special income cases?
No. The estimate excludes complex cases like surcharge, capital gains special rates, and many section-level exceptions.
5. Which period assumptions are used here?
This implementation is configured around FY 2025-26 style slab structure with standard deduction assumptions, and should be verified with your tax advisor.
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