Income Tax Calculator

Estimate your tax for the current financial year and the previous five, under both the new and old regimes, using the slab rates in force in each year. Enter your salary and the calculator shows the monthly TDS an employer would deduct, then how much advance tax is left and how to split it across your remaining instalments. Built for traders and investors: capital gains, business income and TDS all have a place.

This is an estimate, not advice. It covers the common cases and ignores some reliefs, exemptions and state-specific rules, and it assumes a resident individual below 60. It cannot tell you which regime to file under. Confirm with a chartered accountant before you pay or file.

Your income for the year

Gross amounts, before any deduction. Leave a field at zero if it does not apply.

Gross for the year, before deductions
Everything you claim, in one figure
Paid to your local body: old regime, up to ₹2,500
Tick if you earn a salary. This applies the standard deduction: ₹75,000 under the new regime, ₹50,000 under the old regime.
A resident aged 60 or more with no income from a business or profession is not required to pay advance tax at all. The tax is settled at filing. This affects the advance-tax verdict only; the slab rates here still assume a resident individual below 60, so enter your income as usual and check the senior slabs separately.
Choosing the presumptive scheme means the whole year's advance tax can be paid in one instalment by 15 March, instead of the four dates. The scheme is open to eligible businesses under s.44AD and professionals under s.44ADA, within the turnover limits those sections set. Check that your business qualifies before relying on it.

Figures assume a resident individual below 60 with no business turnover affecting the rebate. Capital gains are taxed at their special rates and do not go through the slabs; business income does. Surcharge and cess are applied after the section 87A rebate, which is set against slab tax only. It never reduces the tax on listed-equity LTCG or STCG. Both marginal reliefs are applied: the section 87A relief for new-regime income just above the rebate ceiling, and the surcharge relief where crossing ₹50 lakh, ₹1 crore, ₹2 crore or ₹5 crore would raise the tax by more than the extra income. One relief is not applied: surcharge on tax chargeable under sections 111A, 112, 112A and 115AD is capped at 15% instead of following the band, which bites only above ₹2 crore and only for a taxpayer with large listed-equity gains. For years before FY 2022-23, crypto gains have no flat rate and are treated as ordinary income here. Mid-year changes (the capital-gains rates from 23 July 2024, for example) are applied at the later rate. Check your figures against theIncome Tax Department before you pay.

Tax Computation File

Download the full working as an Excel workbook. The Tax computation sheet sets out gross income from every source, the deductions claimed, the regime applied and the slab rates for the year you selected, the tax down to the cess, and the TDS and advance tax paid and still to be paid with the instalment dates. The Month-wise TDS sheet splits the salary, bonus and TDS month by month for payroll. Payroll needs a fresh copy whenever a bonus is paid or the salary is revised, so re-run the calculator and download again; the figures follow whatever is on the form right now.

Downloads the Tax Computation File as an Excel workbook: gross income from every source, deductions, the regime and slab rates for the year selected, the tax computation, and TDS and advance tax paid and to be paid, with the month-wise TDS split.

Month-wise salary & bonus

Enter the gross salary and any bonus for each month ofthe selected financial year. The totals fill the Salary field.

Tip: drag the small square at the bottom-right of a field to copy its value down the column, and stop wherever you like.

MonthSalary (₹)Bonus (₹)

No amounts entered yet.

Deductions & exemptions

Enter each section separately. An amount over a section's cap is counted only up to the cap. The whole allowed total fills the Deductions field, and the part the new regime keeps is held beside it, so the new regime claims only what it allows.

SectionAmount (₹)Limit

The first group is allowed under the new regime as well as the old; the second group only under the old regime. The standard deduction is applied for you from the salaried checkbox.