This income tax calculator helps Indian taxpayers estimate their tax liability under the Old and New Tax Regimes for the selected financial year. It is designed for quick planning and basic understanding before filing returns.
In today's time, making your Financial Planning is very important. Because as the Indian economy is growing, the Bharat government changes tax rules and slabs in the budget every year. If you are a salaried employee, whether you are in state or central govt or in private, this applies to everyone. So, using Income Tax Calculator India 2026-27 becomes mandatory for you so that you can know how much money will actually come into your bank account at the end of the year.
Often people get confused between their Gross Salary and Net Salary. When you join a new company, you are offered a CTC (Cost to Company). But do you get that full money? Absolutely not. This is where Tax Calculator India helps you. This tool tells you how much money will be left with you after various government deductions.
Because without correct information it is difficult to make a budget, so using the right This Calculator is the smart way.
Using our Tax Calculator India is very easy. This tool is designed to provide you with a detailed breakdown of your taxes and help you Calculate Take Home Pay India accurately. Here is how the calculation works behind the scenes:
First, choose the Financial Year (e.g., FY 2026-27). This is important because tax slabs change every year. Then, select your age group. In India, senior citizens (above 60) and super senior citizens (above 80) get higher tax exemption limits under the Old Tax Regime.
In the Income from Salary field, enter your total annual gross salary. Our India Salary Calculator also allows you to add other sources of income like Interest Income (from savings/FDs), Rental Income, and Digital Asset Income (Crypto).
If you choose the Old Tax Regime, you can reduce your taxable income using fields for Section 80C (up to ₹1.5 Lakh), Section 80D (Health Insurance), and Home Loan Interest. This helps the this Hand Salary Calculator India give you a more precise result.
Currently, two types of tax regimes are running in India. During the Calculate Income Tax in India process, you have to choose which tax filling is profitable for you:
In this, tax rates are higher, but you can claim exemptions like Section 80C (LIC, PPF), 80D (Health Insurance), and HRA.
In this, tax rates are lower, but you have to leave most of the exemptions available on investments.
Here is a detailed table that will help you understand the process of Tax on Income Calculator India:
| Total Annual Income | Tax Rate (New Regime) | Tax Rate (Old Regime) |
|---|---|---|
| ₹0 - ₹3,00,000 | Nil | Nil |
| ₹3,00,001 - ₹5,00,000 | 5% (0 with Rebate) | 5% |
| ₹5,00,001 - ₹7,00,000 | 5% (0 with Rebate) | 20% |
| ₹7,00,001 - ₹10,00,000 | 10% | 20% |
| ₹10,00,001 - ₹12,00,000 | 15% | 30% |
| ₹12,00,001 - ₹15,00,000 | 20% | 30% |
| ₹15,00,000 and above | 30% | 30% |
When you are looking for a new job, the most popular search is this Calculator in India. The reason for this is that companies show a huge CTC, but the amount coming in hand can be very less. And because of this reason, you start thinking that you have come to the wrong company. You might have to face a lot of financial loss.
1. EPF (Employee Provident Fund): 12% part of your basic salary. This is your long-term saving.
2. Professional Tax: Which is usually ₹200-₹300 per month.
3. TDS (Tax Deducted at Source): This is the tax deducted by the company based on your income.
Suppose your annual gross salary is ₹12,00,000. According to Take Home Salary Calculator India, its calculation will be something like this:
Standard Deduction: ₹75,000 (Expected in New Regime).
Professional Tax: ₹2,500.
Income Tax: ₹90,000 (Estimated).
So, according to your annual Take Home Salary Calculator India, the net income will be around ₹10,32,500, which means ₹86,041 per month.
Using a good India Salary Calculator is very simple. You just have to fill in some of your information:
1. Enter your annual gross salary.
2. Choose your age (because rules are different for senior citizens).
3. Fill in your investment information (if choosing the old regime).
4. As soon as you press the button, you will get your monthly net salary.
Just using Tax on Income Calculator India is not enough, you should also learn to save tax. Here are some ways:
Section 80C: Invest up to ₹1.5 lakh in PPF, ELSS, or LIC.
Section 80D: Get tax exemption on health insurance for yourself and your parents.
Home Loan Interest: If you have taken a loan for a house, you can get an exemption of up to ₹2 lakh on interest.
NPS (National Pension Scheme): For an extra saving of ₹50,000.
Yes, most This tools available on the internet are completely free and anyone can use them to calculate their income.
Most online calculators are based on government rules, so they are 99% accurate. However, there can be slight changes due to cess and surcharge.
Yes, the government is now promoting the new tax regime. If you do not choose any option, your tax will be deducted in the New Regime according to the rules of Calculate Income Tax in India.
According to In Hand Salary Calculator India, this is the amount that is deposited in your bank account after deducting all tax, PF, and professional tax.
