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The Income tax calculator is an easy-to-use online tool that helps you calculate your tax liability based on your income details. It also gives you a comparison of tax liability between the old and new tax regimes to help you decide which is more beneficial for you.
Use our income tax calculator to calculate tax payable on your income for FY 2024-25 (old tax regime vs new tax regime) as per Union Budget 2024, FY 2023-24, and FY 2022-23 in a few simple steps. Check how much income tax you need to pay
The Income and Tax Calculator service enables both registered and unregistered e-Filing users to calculate tax as per the provisions of Income Tax Act, Income-tax rules, Notifications etc. by providing inputs with respect to income(s) earned and deductions claimed as per the Act.
The Income Tax Calculator estimates the refund or potential owed amount on a federal tax return. It is mainly intended for residents of the U.S. and is based on the tax brackets of 2023 and 2024. The 2024 tax values can be used for 1040-ES estimation, planning ahead, or comparison.
Use this free income tax calculator to project your 2023-2024 federal tax bill or refund based on earnings, age, deductions and credits.
Viewers are advised to ascertain the correct position/prevailing law before relying upon any document. Disclaimer: The above calculator is only to enable public to have a quick and an easy access to basic tax calculation and does not purport to give correct tax calculation in all circumstances.
The Income Tax slab rates for the new tax regime, applicable to Individuals and HUFs for the Assessment Years 2024-25 and 2025-26, are as follows: Benefits of the New Tax Regime: Standard deduction of ₹50,000 for salaried employees. Attractive tax rates compared to the Old Tax Regime.