Income Tax Calculator

I can help you with income tax calculations in India. The income tax calculation in India depends on various factors, including your income, deductions, and the applicable tax slabs. As of my last knowledge update in September 2021, the income tax slabs for individuals below 60 years of age are as follows:

  1. Income up to ₹2,50,000: No tax
  2. Income from ₹2,50,001 to ₹5,00,000: 5% of income exceeding ₹2,50,000
  3. Income from ₹5,00,001 to ₹10,00,000: 20% of income exceeding ₹5,00,000 + ₹12,500
  4. Income above ₹10,00,000: 30% of income exceeding ₹10,00,000 + ₹1,12,500

Please note that these tax slabs are subject to change, and there may be additional surcharges or cess applicable based on the total tax liability.