What is Income Tax?

Income tax is a direct tax imposed by the Government of India on the income earned by individuals and businesses. The tax amount depends on annual income and applicable tax slabs.

Latest Income Tax Slabs (New Regime)

• Up to ₹3,00,000 – 0%
• ₹3,00,001 to ₹6,00,000 – 5%
• ₹6,00,001 to ₹9,00,000 – 10%
• ₹9,00,001 to ₹12,00,000 – 15%
• ₹12,00,001 to ₹15,00,000 – 20%
• Above ₹15,00,000 – 30%

Why Use Income Tax Calculator?

• Instant tax calculation
• Better financial planning
• Understand effective tax rate
• Helps in salary and investment planning

Who Should Use This Tool?

Salaried employees, freelancers, business owners, and taxpayers can use this online income tax calculator to estimate tax liability quickly.