Income Tax Calculator: Estimate Your Tax Before Filing

# Income Tax Calculator: Estimate Your Tax Before Filing

Filing income tax returns doesn't have to be stressful. Use our calculator to estimate your tax before the deadline.

Income Tax Slabs FY 2025-26

New Tax Regime (Default) | Income | Tax Rate | |--------|----------| | Up to ₹3,00,000 | Nil | | ₹3,00,001 - ₹7,00,000 | 5% | | ₹7,00,001 - ₹10,00,000 | 10% | | ₹10,00,001 - ₹12,00,000 | 15% | | ₹12,00,001 - ₹15,00,000 | 20% | | Above ₹15,00,000 | 30% |

Old Tax Regime | Income | Tax Rate | |--------|----------| | Up to ₹2,50,000 | Nil | | ₹2,50,001 - ₹5,00,000 | 5% | | ₹5,00,001 - ₹10,00,000 | 20% | | Above ₹10,00,000 | 30% |

How to Use the Calculator

1. Go to Income Tax Calculator
2. Enter your annual income
3. Select old or new regime
4. Add deductions (if using old regime)
5. View your estimated tax

Key Deductions (Old Regime)

| Section | Deduction | Limit |
|---------|-----------|-------|
| 80C | PPF, ELSS, LIC, EPF | ₹1,50,000 |
| 80D | Health Insurance | ₹25,000-50,000 |
| 80CCD(1B) | NPS | ₹50,000 |
| 24(b) | Home Loan Interest | ₹2,00,000 |
| 80E | Education Loan Interest | No limit |

Which Regime Is Better?

• New regime — lower rates but no deductions
• Old regime — higher rates but many deductions available
• Rule of thumb — if total deductions > ₹3.75L, old regime is usually better

Conclusion

Estimate your tax today with ToolPilot's Income Tax Calculator and plan your deductions wisely.

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