Income Tax Calculator
An income tax calculator is an online tool designed to estimate your income tax liability for a given financial year. It considers your income, age, residential status, and deductions claimed to provide an accurate calculation based on the provisions of the Income Tax Act. These calculators are generally updated with the latest tax changes proposed in the Union Budget.
Key Features and Uses
Tax Liability Calculation: Estimates the tax payable for a financial year, including surcharge and cess if applicable.
Old vs. New Regime Comparison: Helps compare tax liabilities under the old and new tax regimes to determine the more beneficial option. The new regime has lower rates but eliminates most deductions, while the old regime allows deductions like 80C, 80D, and HRA.
Supports Various Income Sources: Calculates tax liability for income from various sources, including salary, house property, capital gains, business/profession, and other sources.
Tax Planning and Management: Provides an early estimate of tax obligations, aiding in financial planning and decisions regarding tax-saving investments.
Convenience and Accuracy: Online calculators are accessible, user-friendly, and provide quick, accurate results, reducing the chance of human error compared to manual calculations.
આવકવેરા કેલ્ક્યુલેટર
Income Tax Calculator (FY 2024-25)
મહત્વપૂર્ણ: આ કેલ્ક્યુલેટર માત્ર અંદાજ આપે છે. ચોક્કસ ટેક્સ ફાઇલિંગ માટે, ટેક્સ પ્રોફેશનલની સલાહ લો.
Disclaimer: This calculator provides an estimate only. For exact tax filing, consult a tax professional. (Tax Slabs Last Updated: N/A)
ગણતરી સારાંશ / Calculation Summary
How to Use an Online Calculator
Select Financial Year and Age: Choose the relevant financial year (e.g., FY 2025-26) and your age group (tax liability differs based on age).
Enter Income Details: Input your salary (including allowances and exemptions like HRA and LTA, if applicable), interest income, rental income, and other sources of income.
Enter Deduction Details: Input tax-saving investments and deductions under various sections like 80C, 80D, 80G, 80E, 80TTA, and details like housing loan interest or professional tax. A standard deduction of Rs. 50,000 is available under the old regime, and Rs. 75,000 under the new regime.
View Tax Calculation: The calculator will display the estimated tax payable, often with a comparison between the old and new tax regimes.
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