Income Tax Calculator

Calculate your income tax liability with advanced deduction options

Enter Your Details

Financial Year i

Age Group i

Annual Income (₹) i

Deductions & Exemptions

Section 80C Deductions

Investments in PPF, ELSS, Life Insurance, etc. (Max: ₹1,50,000)

Section 80D (Health Insurance)

House Rent Allowance (HRA)

Other Deductions

Tax Calculation

Total Income: ₹8,00,000

Total Deductions: ₹2,35,000

Taxable Income: ₹5,65,000

Income Tax: ₹21,500

Health & Education Cess (4%): ₹860

Total Tax Liability: ₹22,360

Tax Breakdown

Up to ₹3,00,000 ₹0

₹3,00,001 to ₹6,00,000 ₹15,000

₹6,00,001 to ₹9,00,000 ₹6,500

Above ₹9,00,000 ₹0

Effective Tax Rate: 2.80%

Your tax liability is significantly reduced through deductions

Note: This calculator provides an estimate of your tax liability based on the information provided. Actual tax liability may vary based on specific circumstances and changes in tax laws. Consult a tax professional for precise calculations.