Financial tools

Income Tax Calculator

Income Tax Calculator quickly compares the new regime slabs (0–30% up to ₹24L+) and the old regime with deductions, adding a 4% cess for salaried taxpayers in FY 2025–26.

Reference and tools

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Tax liability depends on the filing period, regime, income categories and deductions. Use the department’s calculator for those inputs.

Income Tax Department calculator View original Stockify page

From the Stockify archive

Calculator guide

Income tax is the tax you pay to the government on your Income (such as salary and other earnings) if you fall under the taxable income bracket.

Individuals can pay their taxes through TDS from their salary or by filing their income tax returns online (CBDT).

Manual tax calculation can be lengthy, time-taking, and complex because that involves a lot of work. Your final income tax paying liability will depend on your total income, slab rates, and eligible deductions/exemptions (especially in the old regime).

You can use an online income tax calculator to save time and calculate your tax liability faster than normal. Income Tax calculation using the online calculator enables you to plan your investments and avoid mistakes that happen when you do the math by hand.

What is the calculator for income tax?

An income tax calculator is an online tool you can use online to calculate how much tax you owe based on your income, tax bracket, and deductions. It works for both old and new tax systems.

It helps you figure out your taxes and how much you owe in taxes for a given year with just a few pieces of information.

Income Tax Slab:

Tax Slab	Applicable Tax Rate	Amount
Up to ₹4 Lakhs	Nil	₹0
More than ₹4 Lakhs and up to ₹8 Lakhs	5%	₹20,000
More than ₹8 Lakhs and up to ₹12 Lakhs	10%	₹40,000
More than ₹12 Lakhs and up to ₹16 Lakhs	15%	₹60,000
More than ₹16 Lakhs and up to ₹20 Lakhs	20%	₹32,000
Income Tax		₹1,52,000
Health & Education Cess	4% of the tax amount	₹6,080
Total tax to be paid		₹1,58,080

How does the Income Tax calculator help you?

It helps you figure out your taxes in a systematic way: first, calculate your taxable income, then apply slab-wise rates, and finally, add cess to get the total amount of tax you owe.

Formula

Taxable Income = (Income from salary + other Income) − deductions/exemptions (if they apply).

Income Tax = the total of the slab-wise tax on taxable income according to the chosen regime (old or new).

The final tax you have to pay is the income tax plus the health and education cess, which is usually 4% of the tax.

Example

If your salary is: ₹18,00,000

Your standard deduction is: ₹75,000

Your income from other sources is: ₹35,000

Then your salary after the standard deduction is: ₹17,25,000

Total taxable income is: ₹17,60,000.

With the new regime slab example,

The total income tax is ₹1,52,000,

the Health & Education Cess at 4% is ₹6,080,

so the total tax is ₹1,58,080.

How to use the Stockify Income Tax Calculator

Follow these simple steps to calculate the Income Tax using the Stockify's calculator:

1. Select the assessment year and the age group.

2. Optionally, choose whether they live in a metro area or not.

3. Next, enter your salary and other income, choose between the old and new regimes.

4. Add any deductions (which are mostly important in the old regime), and see your estimated tax bill right away.

Advantages of Stockify's Income Tax Calculator

These are the advantages of Stockify’s Income Tax Calculator:

Accurate estimation:

Cuts down on mistakes made by hand when figuring out taxes from slabs and deductions.

Convenience:

It works anywhere and anytime and gives you results faster than calculations on paper.

Better tax planning:

Calculator helps you figure out how much you owe ahead of time and make better decisions about how to save money on taxes.

Privacy-friendly:

Doesn't show financial information on paper and lets you make private estimates when used online.

Questions

Frequently asked questions

Can I figure out how much tax I am liable to pay for both the old and new systems?

Yes, you can pick between the old and new systems, which have different tax rates and deductions.

Will Stockify's income tax calculator work for the fiscal year 2025–26?

The competitor positioning says that Stockify's online income tax calculator is in line with updates of the Union Budget for FY 2025–26 and AY 2026–27.

How do people in India pay their income tax (in the case of salary)?

You can pay your income tax through TDS when you get your monthly salary or through the income tax returns portal.

What do I need to enter in the income tax calculator so it can figure out my tax?

To figure out how much tax you are liable to pay, it usually needs some information. You need to enter the information like: 1) about your income 2) the right slab 3) any deductions or exemptions that apply.

How much tax will be deducted from my salary?

The amount of tax you pay will depend on your income level. To get a better idea of this, you can look at the income tax brackets and rates above.

Does everyone have to file their income tax?

To get the rebate under Section 87A, you must file an ITR. People who make more than ₹4 lakh but less than ₹12 lakh will not automatically get the Section 87A rebate if they don't file their ITR starting next year.