Income Tax Calculator India – EasyCalculate.net

Calculating income tax manually can often feel confusing and time-consuming, especially when multiple tax slabs, deductions, and regime options are involved. That’s why using an online income tax calculator is the easiest way to simplify the process.

The EasyCalculate Income Tax Calculator helps you quickly estimate your tax liability based on your annual income, applicable slab rates, and eligible deductions. It makes tax planning smoother and allows you to compare both the New Tax Regime and the Old Tax Regime instantly.

Learn how this calculator works, its advantages, and how it can support better financial planning.

 

What is an Income Tax Calculator?

An Income Tax Calculator is an online tool designed to evaluate the amount of tax an individual may have to pay based on their income level and the tax slab they fall under.

Taxpayers earning above the exemption limit are required to pay a portion of their yearly income as tax. In India, individuals can choose between:

• Old Tax Regime (with exemptions and deductions)

• New Tax Regime (with lower slab rates but fewer deductions)

The calculator helps you determine tax payable under both regimes so you can choose the most beneficial option.

Income tax is generally paid through:

• TDS (Tax Deducted at Source) from monthly salary, or

• Self-assessment tax payment via the Income Tax Department portal managed by the CBDT.

Online tax payment options ensure that taxpayers can easily pay dues arising from salary, interest income, rental earnings, or other sources.

The Income Tax Calculator available on this page is updated as per the latest provisions applicable for FY 2025–26 (AY 2026–27).

---

Budget 2025 Highlights for Income Tax (FY 2025–26)

The Union Budget 2025 introduced important updates in the new tax regime. Some of the key changes include:

• The income tax rebate limit has been increased, offering greater relief for middle-income taxpayers. This means individuals with income up to a higher threshold may have zero tax liability under the new regime.

• The monthly rent TDS threshold has been raised for FY 2025–26, reducing compliance burden for small taxpayers.

• Senior citizens now enjoy a higher deduction limit on interest income, providing additional tax benefits.

• Under the RBI Liberalized Remittance Scheme (LRS), the TCS threshold on foreign remittances has been enhanced, and certain education loan-related remittances have been exempted.

These updates make the new regime more attractive for many taxpayers.

---

Revised Income Tax Slabs – New Regime (FY 2025–26)

Below are the updated slab rates under the New Tax Regime:

Use the EasyCalculate Income Tax Calculator to check your exact tax payable instantly under these latest slab rates.

 

Frequently Asked Questions

How do I find out how much income tax I need to pay?

You can calculate your tax payable easily using the EasyCalculate Income Tax Calculator. Just enter your annual income, deductions, and investment details, and the tool will instantly estimate your total tax liability for the selected financial year.

 

Is filing an Income Tax Return mandatory for everyone?

Not necessarily. If your total income is below the basic exemption limit, filing an ITR may not be compulsory. However, you should still file a return if you want to claim a refund, report losses, or meet other compliance requirements.

 

Does this calculator include TDS calculations?

No, this calculator does not directly compute Tax Deducted at Source (TDS). It provides an estimate of your overall tax liability. To calculate TDS separately, you may need a dedicated TDS calculator.

 

Will the calculator apply surcharge, cess, and rebate automatically?

Yes. Once you enter your income details, the calculator automatically considers applicable components such as health & education cess, surcharge (if relevant), and rebate under Section 87A.

 

How can I calculate tax on salary arrears or previous year income?

If you have received salary arrears, you can add them to your salary income while using the calculator. It will include the arrears amount in the total taxable income and compute tax accordingly.

 

What is the key difference between Old and New Tax Regime?

The Old Regime allows various exemptions and deductions such as HRA, 80C, and 80D. The New Regime offers reduced tax slab rates but does not allow most deductions. Our calculator helps you compare both regimes to choose the better option.

 

Is this calculator enough to file my Income Tax Return?

The calculator helps you estimate your tax liability, but filing your Income Tax Return must still be done through the official Income Tax Department portal or an authorised tax filing platform.

 

Is this calculator enough to file my Income Tax Return?

The calculator helps you estimate your tax liability, but filing your Income Tax Return must still be done through the official Income Tax Department portal or an authorized tax filing platform.