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Tax Estimator Calculator

Estimate your income tax in Indian Rupees () under the New Tax Regime for FY 2024-25.

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Calculate Your Income Tax

How Our Tax Estimator Calculator Works

Our Tax Estimator Calculator helps Indian users estimate their income tax under the New Tax Regime (FY 2024-25) in Indian Rupees (₹). It calculates total taxable income after deductions, applies tax slabs, adds 4% cess, and computes the effective tax rate. A bar chart compares annual taxable income, deductions, and tax liability for clarity.

Calculation Logic

For ₹15,00,000 income, 50,000 standard deduction, ₹1,50,000 80C, 25,000 80D, and ₹1,00,000 other income, total taxable income is ₹13,75,000. Tax is ₹1,15,000, cess is ₹4,600, total tax liability is ₹1,19,600, and effective tax rate is 8.70%. The bar chart shows ₹15,00,000 income, ₹2,25,000 deductions, and ₹1,19,600 tax.

Steps to Use

Enter your annual taxable income (e.g., ₹15,00,000).
Input deductions: standard (₹50,000), 80C (1,50,000), 80D (₹25,000).
Specify other income (e.g., 1,00,000).
Click "Calculate" to view taxable income, tax, cess, and rate.
Review the bar chart for income, deductions, and tax comparison.

Why Use Our Tax Estimator Calculator?

Navigating income tax calculations can be complex, especially with changing tax regimes in India. Our Tax Estimator Calculator, designed for Indian users, simplifies tax planning under the New Tax Regime (FY 2024-25) in Indian Rupees (₹). It estimates your tax liability, accounts for deductions, and provides insights into your effective tax rate. A bar chart visualizes your income, deductions, and tax for clarity. Heres why every Indian taxpayer should use it.

Plan Your Taxes Accurately

Accurate tax estimation helps you budget and avoid surprises during tax filing.

New Tax Regime: ₹1,19,600 tax for ₹13,75,000 taxable income.
Slab-Based Calculation: 0-₹3,00,000 at 0%, 3,00,001-7,00,000 at 5%, and so on.
Cess Included: 4% cess (₹4,600) on ₹1,15,000 tax.

Anjali, a Mumbai-based marketing manager, used our calculator to estimate ₹1,19,600 tax on ₹15,00,000 income, planning her finances better.

Maximize Deductions

Our calculator helps you optimize deductions to reduce taxable income.

Standard Deduction: ₹50,000 reduces ₹15,00,000 to ₹14,50,000.
Section 80C: ₹1,50,000 for PPF, ELSS lowers tax by ₹45,000 (30% slab).
Section 80D: 25,000 for health insurance saves ₹7,500.

Vikram, a Hyderabad-based engineer, maximized ₹1,50,000 80C and ₹25,000 80D, reducing his 10,00,000 taxable income to ₹8,25,000, saving ₹52,500 in tax.

Understand Your Tax Burden

The effective tax rate shows your true tax burden, aiding financial planning.

Effective Rate: 8.70% for ₹1,19,600 tax on ₹13,75,000 income.
Visual Insights: Bar chart compares ₹15,00,000 income, ₹2,25,000 deductions, ₹1,19,600 tax.
Plan Investments: Adjust 80C, 80D to lower effective rate.

Anjali lowered her effective rate from 10% to 8.70% by claiming 2,25,000 deductions, freeing up ₹30,000 for investments.

Tailored for Indian Users

Our calculator reflects Indian incomes (₹5-50 lakh), deductions (₹50,000-₹2,25,000), and the New Tax Regime. Its free and user-friendly.

Indian Context: ₹15,00,000 income suits urban professionals.
Flexible Inputs: Adjust ₹50,000-₹1,50,000 80C, ₹0-₹25,000 80D.
Accessible: Clear results and chart for all taxpayers.

From salaried employees to freelancers, our Tax Estimator Calculator empowers you to plan your taxes confidently. Start using it above to estimate your tax today!