Income Tax Calculator
Tax Calculation Summary
Gross Income
₹60,000.00Deductions
₹2,000.00Taxable Income
₹58,000.00Total Tax Due
₹8,560.00What is an Income Tax Calculator?
An Income Tax Calculator helps you estimate your annual tax liability based on your gross income, applicable deductions, and the current tax slab rates. It gives you a clear picture of your take-home pay and effective tax rate.
How to Use This Calculator
- Enter your total annual income from all sources.
- Input any eligible tax deductions (like Section 80C investments, standard deductions).
- Select the relevant tax regime or rules if applicable.
- Click Calculate Tax to see your net taxable income and total tax due.
Frequently Asked Questions
What is the difference between gross and net income?
Gross income is your total earnings before any taxes or deductions are removed. Net income (take-home pay) is what remains after all taxes and standard deductions have been subtracted.