⚡ Quick Overview: What is an Income Tax Calculator?

• ✅Annual income
• ✅Applicable deductions (like Section 80C, 80D, etc.)
• ✅Age and residential status
• ✅Tax regime (Old or New)

📜 It shows: Taxable income, Income tax payable, Effective tax rate, Comparison of Old vs. New regime

📜 Who Can Use Our Indian Income Tax Calculator?

• ✅Salaried Employees
• ✅Freelancers and Consultants
• ✅Self-employed Professionals
• ✅Business Owners
• ✅Pensioners
• ✅NRIs with Indian income

No matter your profession or age bracket, the Expand Tools Income Tax Calculator will give you a personalized tax calculation.

🧠 How Our Online Income Tax Calculator Works

• 1Enter your annual gross income
• 2
  Choose your age category:
  Below 60 years, Senior Citizen (60-80 years), Super Senior (80+ years)
• 3
  Select the applicable tax regime:
  Old Regime (with exemptions & deductions), New Regime (lower slabs, fewer deductions)
• 4Input your deductions (if choosing the old regime)
• 5Hit "Calculate" to get your income tax breakup

Our calculator provides a side-by-side comparison between both regimes to help you choose the best one.

🧾 Income Tax Slabs (FY 2024–25)

📊 Income Tax Calculator: New Regime vs. Old Regime

One of the biggest tax planning questions today is:

• ✅Allows deductions (e.g., 80C, 80D, HRA, home loan interest)
• ✅Better for those with high exemptions/investments

• ✅Lower tax rates
• ✅Simple structure
• ✅No paperwork or proof of investments needed

Our Indian income tax calculator clearly compares both and tells you which regime saves you more.

🔍 What Deductions Are Allowed Under Old Regime?

• ✅Section 80C - ELSS, PPF, life insurance (up to ₹1.5L)
• ✅Section 80D - Health insurance premiums
• ✅House Rent Allowance (HRA)
• ✅Home Loan Interest
• ✅Standard Deduction of ₹50,000
• ✅Section 80E - Education loan interest
• ✅Section 80CCD(1B) - NPS contributions

📈 Example: Tax Calculation (FY 2024–25)

Under Old Regime:

• ✅Standard Deduction: ₹50,000
• ✅80C: ₹1,50,000
• ✅80D: ₹25,000
• ✅Taxable: ₹9,75,000
• ✅Tax: ₹1,12,500 + cess

New Regime:

• ✅No deductions
• ✅Taxable Income: ₹12,00,000
• ✅Tax: ₹1,50,000 + cess

💡Result:
Old Regime saves ₹37,500 in this case.

🛡️ Benefits of Using Our Income and Tax Calculator

• ✅
  Precision Without Complexity
  No formulas. No guesswork. Just plug in your income and get instant tax results.
• ✅
  Time-Saving
  No need to manually apply slab rates or deductions.
• ✅
  Free of Cost
  Our online income tax calculator is completely free to use, forever.
• ✅
  Optimized for All Users
  Salaried, freelance, or business income – our calculator works for everyone.
• ✅
  Mobile Friendly
  Accessible from desktop, tablet, or smartphone.

📉 Is Your Data Safe?

Absolutely. We don’t collect or store any personal information. Everything is calculated client-side and stays private.

📉 Plan Tax-Saving Investments Easily

• ✅Max out Section 80C investments
• ✅Evaluate benefits of health insurance
• ✅Factor in education loan interest
• ✅Use NPS contributions for added relief

Make smarter, well-informed tax decisions.

📋 Additional Features You'll Love

• 📈
  Tax Breakup
  See how much tax you pay in each slab.
• 📊
  Effective Tax Rate
  Understand your real tax burden as a % of income.
• 🔄
  Regime Switch Recommendation
  The calculator will suggest which regime saves more.
• 📝
  Save or Print Reports
  Download or print your calculation summary.

📌 Common Mistakes to Avoid

• ✅Not choosing the right regime
• ✅Forgetting bonus or interest income
• ✅Skipping deductions under 80C & 80D
• ✅Incorrect HRA or standard deduction claims
• ✅Using outdated tax slabs

Our tool helps you avoid these errors with smart logic and clear inputs.

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Our tool helps you avoid these errors with smart logic and clear inputs.