Tax Calculator

Need a quick tax estimate? Our simple income tax calculator makes it easy. Just enter your income and deductions, and we’ll give you a quick, clear estimate to help you plan smarter.

The Income Tax calculator on this page is aligned with the updates announced in the Union Budget for FY 2025-26 and AY 2026-27

Basic Details
Income Details
Deduction Details
Summary

FY 2025-26 Latest Budget

(Return to be filed by 15th September 2025 (originally 31st July 2025)

Annual Income
Capital Gain Income
Other Income
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Enter your basic salary or pension amount as mentioned in your salary slips or pension statements.
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Enter the House Rent Allowance received from your employer. This is a component of your salary for which you can claim tax exemption.
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Enter any other taxable allowances you receive from your employer, such as leave travel allowance (LTA), dearness allowance (DA), etc.
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Enter the amount of professional tax deducted from your salary by your employer. This is a state-level tax.
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Enter the total rent you receive from any property you own and have rented out.
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Enter the profit from the sale of equity mutual funds or equity shares held for less than one year.
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Enter the profit from the sale of any other capital assets (like property, debt funds, etc.) held for a short duration as per tax laws
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Enter the profit from the sale of equity mutual funds or equity shares held for more than one year.
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Enter the profit from the sale of other capital assets (like property) held for a long duration, after adjusting for inflation (indexation).
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Enter the total interest earned from all your savings bank accounts during the financial year.
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Enter the total interest earned from all your fixed deposits, including tax-saving FDs.
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Use this for any other miscellaneous income that does not fit into the categories above.
80C Deductions
80D Deductions
Other Deductions
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Enter the premium paid for life insurance policies for yourself, your spouse, or your children. Deduction is available under Section 80C.
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Enter the amount contributed to your EPF account. This is a retirement savings scheme and is eligible for deduction under Section 80C.
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Enter your contribution to a PPF account. This is a long-term investment option with tax benefits under Section 80C.
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Enter the amount invested in ELSS mutual funds. These have a lock-in period of 3 years and are eligible for deduction under Section 80C.
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Enter the principal amount repaid on your home loan. This component is eligible for deduction under Section 80C.
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Enter the amount contributed to a pension fund. This is eligible for deduction, which is clubbed with the 80C limit.
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Enter the amount invested in a tax-saving fixed deposit, which has a 5-year lock-in period. Deduction is available under Section 80C.
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Enter the total interest paid on a loan taken for higher education for yourself, your spouse, or your children. The entire interest amount is deductible under Section 80E.
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Enter the tuition fees paid for the education of up to two children in India. This is eligible for deduction under Section 80C.
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Enter any other investments or payments that are eligible for deduction under Section 80C, such as National Savings Certificates (NSC), etc.

80D deduction (Mediclaim) - self and family

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Enter the premium paid for health insurance for yourself, your spouse, and dependent children. Deduction is available under Section 80D.
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Enter the amount spent on preventive health checkups. A deduction of up to ₹5,000 is available under Section 80D.
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Enter medical expenses for senior citizens (if not covered by health insurance). This is eligible for deduction under Section 80D.

80D deduction (Mediclaim) - Parents

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Enter the health insurance premium paid for your parents. A separate deduction is available for this under Section 80D.
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Enter your contribution to the National Pension System (NPS). An additional deduction of up to ₹50,000 is available under Section 80CCD(1B).
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Enter the contribution made by your employer to your NPS account. This is also eligible for deduction.
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Enter the amount donated to funds and charities that are eligible for 100% deduction under Section 80G (e.g., Prime Minister's National Relief Fund).
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Enter the amount donated to funds and charities that are eligible for 50% deduction under Section 80G (e.g., Jawaharlal Nehru Memorial Fund).
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Enter the total Tax Deducted at Source (TDS) from your income by your employer or others. This will be adjusted against your final tax liability.
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If you are not receiving HRA, you can claim a deduction for rent paid under Section 80GG. Enter the total rent paid annually.
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Enter the property tax paid for your rented-out property. This can be claimed as a deduction from your rental income.
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Enter the interest paid on a home loan for a property that you have rented out. This can be claimed as a deduction from your rental income.

Based on your Input these are the tax payable options for you:

Old Tax Regime

FY 2024-25

Tax Payable

₹ 0

New Tax Regime

FY 2024-25

Tax Payable

₹ 0

Airpay Money Suggests

Based on your input, these are the tax payable options for you

airpay money suggests:

You should opt for Old Tax Regime as it will provide you benefit of ₹ 40 over New Tax Regime

You can save more on taxes by investing in below suggested products.

80 C

Section 80C provides deductions on various investments up to ₹ 1.5 lakh per year from your taxable income.

Save ₹ 1,49,980 More
Invest in ELSS Funds

80 D Self + Spouse (Health Insurance)

A medical insurance premium paid for for self, spouse, children in any mode other than cash.

Save ₹ 24,996 More
Invest in Health Insurance

NPS

A government sponsored pension scheme. In addition to deductions under section 80CCD (1), subscribers are allowed up to Rs. 50,000 as deductions.

Save ₹ 50,000 More
Invest in NPS

80 D Parents

A medical insurance prenium paid for parents in any mode other than cash.

Save ₹ 1,49,980 More
Invest

What is a tax calculator?

A tax calculator is a financial tool that helps individuals accurately estimate their income tax liability based on their earnings, deductions, and applicable tax laws.


Why use this calculator?

The tax calculator helps simplify the process of calculating tax by allowing users to input key financial details such as annual income, deductions, exemptions and investments under tax-saving schemes. This calculator is especially useful for salaried professionals, freelancers, and business owners looking to plan their finances and file their taxes efficiently. You can gain clarity on your tax obligations, reduce the chances of errors, and make informed financial decisions throughout the year.


What is tax planning?

Tax planning is the process of strategically managing your income, expenses, and investments to minimise tax liability and maximise savings within the legal framework.


What is tax management?

While often used interchangeably, tax planning and tax management are two distinct yet essential aspects of effective financial management. Tax management involves the accurate & timely filing of income tax returns, payment of taxes, and ensuring full compliance with the latest income tax laws in India. It is about maintaining records, meeting deadlines, and avoiding penalties.

Together, these practices ensure better tax efficiency, legal compliance, and long-term financial health


How does this tax calculator work?

The calculator takes essential data from you, such as your age, profession, current city you reside in. You also need to fill in your annual income or pension, HRA, Capital Gains income, and any other incomes such as interest earned from your savings a/c, FDs, and interest earned from any other sources.

It also takes into consideration your 80C & 80D deductions like Life Insurance premiums, EPF, PPF, Pension Funds, Donations, Rent paid, Property Tax, etc.

And calculates your tax payable in both Old Tax Regime & New Tax Regime. Not just that, it also suggests how you can save more taxes under various sections via investments.

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