Indian Salary Tax Calculator
Simplify your tax planning with our easy-to-use calculator. Get accurate estimates of your income tax liability based on the latest Indian tax regulations.
Quick Calculation
Get instant tax estimates with minimal inputs
Updated Tax Rules
Based on the latest Indian tax regulations
Save & Share
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Simplify your tax calculations with our user-friendly tool
Salary Tax Calculator
Income Details
Enter your monthly basic salary
House Rent Allowance
Deductions & Tax Regime
Max ₹1,50,000 per year
Max ₹50,000 per year
Max ₹2,00,000 per year
New regime has lower tax rates but fewer deductions
Quick Tax Info
Old Regime Tax Slabs (FY 2023-24)
- Up to ₹2.5 Lakh Nil
- ₹2.5 Lakh to ₹5 Lakh 5%
- ₹5 Lakh to ₹10 Lakh 20%
- Above ₹10 Lakh 30%
New Regime Tax Slabs (FY 2023-24)
- Up to ₹3 Lakh Nil
- ₹3 Lakh to ₹6 Lakh 5%
- ₹6 Lakh to ₹9 Lakh 10%
- ₹9 Lakh to ₹12 Lakh 15%
- ₹12 Lakh to ₹15 Lakh 20%
- Above ₹15 Lakh 30%
Important Notes
- 4% Health & Education Cess applicable
- Standard Deduction of ₹50,000 for salaried
- New regime has more slabs but fewer deductions
How to Use the Tax Calculator
Follow these simple steps to calculate your income tax liability accurately
Enter Your Income Details
Input your monthly basic salary, HRA, special allowance, and annual bonus in the respective fields.
Add Your Deductions
Enter your investments under Section 80C, health insurance premiums, and housing loan interest.
Select Tax Regime
Choose between the old regime (more deductions) or new regime (lower tax rates but fewer deductions).
Calculate and Review
Click the "Calculate Tax" button to see your annual tax liability, monthly tax, and effective tax rate.
Step 1: Enter your income details
Step 2: Add your deductions
Step 3: Select tax regime
Step 4: Calculate and review
Results
View your detailed tax calculation breakdown
Tax Calculation Summary
Income Details
Deductions
Taxable Income
Tax Calculation (Old Regime)
Annual Tax
₹43,160
Monthly Tax
₹3,597
Effective Tax Rate
4.03%
Tax Regime Comparison
Old Regime
₹43,160
New Regime
₹49,920
Recommendation: The Old Regime is better for you, saving ₹6,760 annually.
Tax Saving Tips
- Maximize your 80C investments (EPF, ELSS, PPF)
- Consider NPS contributions for additional tax benefits
- Claim HRA benefits if you're paying rent
- Purchase health insurance for family members
FAQ
Frequently asked questions about Indian income tax calculation
The old tax regime offers various deductions and exemptions (like HRA, 80C investments, etc.) but has higher tax rates. The new tax regime has lower tax rates but eliminates most deductions and exemptions. Choose based on your investment and deduction profile.
HRA exemption is the minimum of: (1) Actual HRA received, (2) 50% of basic salary for metro cities (40% for non-metros), or (3) Actual rent paid minus 10% of basic salary. Our calculator automatically applies these rules to maximize your tax benefits.
Section 80C allows deductions up to ₹1.5 lakh for various investments and expenses, including:
- Employee Provident Fund (EPF) contributions
- Public Provident Fund (PPF)
- Equity-Linked Savings Scheme (ELSS)
- Life insurance premiums
- National Savings Certificate (NSC)
- Tax-saving fixed deposits (5-year lock-in)
- Home loan principal repayment
- Tuition fees for children (maximum 2)
Annual bonus is added to your total taxable income and taxed according to your income tax slab. There's no separate tax rate for bonuses. Our calculator includes your bonus amount in the annual income calculation to provide accurate tax estimates.
All salaried employees are eligible for a standard deduction of ₹50,000 from their gross salary under the old tax regime. This is automatically included in our calculator. Under the new tax regime, this standard deduction is not available.
Section 80D allows deductions for health insurance premiums. The calculator applies the following limits: Up to ₹25,000 for self, spouse, and children; an additional ₹25,000 for parents (₹50,000 if parents are senior citizens). The maximum possible deduction is ₹75,000.
Yes, our calculator is regularly updated to reflect the latest tax rules and regulations announced in the Union Budget. The current version incorporates all tax changes for the financial year 2023-24 (assessment year 2024-25).
Ask a Question
Download
Save and share your tax calculation results
Download Options
Download Your Tax Calculation
Save your tax calculation results in various formats for your records or to share with your financial advisor.
Share Your Results
Share your tax calculation results with others via various platforms.
Save for Later
Create an account to save your calculation history and access it anytime.
Why Save Your Tax Calculation?
- Keep records for future reference and tax planning
- Share with your tax consultant or financial advisor
- Compare tax liability across different financial years
- Track your tax savings strategies over time
Sample Tax Report
Tax Calculation Summary
Tax Regime Comparison
Old Regime
₹43,160
With deductions & exemptions
New Regime
₹49,920
With lower tax rates
Recommendation: Old Regime saves you ₹6,760
Tax Planning Recommendations
Based on your tax calculation, here are some personalized recommendations to optimize your tax liability:
- Maximize your Section 80C investments (₹1.5 lakh limit)
- Consider NPS contributions for additional tax benefits
- Explore health insurance options for Section 80D benefits
- Stick with the Old Tax Regime based on your deduction profile
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What Users Are Saying
"This calculator saved me hours of manual calculations. The comparison between old and new tax regimes helped me make an informed decision."
"Very intuitive interface. I appreciate the detailed breakdown of tax calculations and the tax-saving recommendations."
"The best tax calculator I've used. The ability to download and share results is extremely helpful for planning with my CA."
