This Income Tax Calculator helps you estimate your income tax liability in India based on your annual income under the New Tax Regime. It provides a quick approximation of tax payable and helps individuals understand their tax burden for basic financial planning.
🔔 Note: Logic can be extended later to include old regime, deductions, cess, slabs updates, etc.
Income Tax Calculator
🔹 FAQs
Q1. Which tax regimes are supported?
Both Old and New Tax Regimes are supported.
Q2. Is Section 87A rebate included?
Yes, rebate is applied where applicable.
Q3. Are deductions like 80C included?
No. This version uses gross income only.
Q4. Does it include cess?
Yes, 4% Health & Education Cess is included.
Q5. Is this calculator exact?
No. It provides an estimated tax liability.
🔹 Disclaimer
This income tax calculator provides estimated results for general information only and does not constitute legal or tax advice.