Calculate Your Income Tax Online for 2024-25 & 2025-26
Filing income tax is an annual obligation for every earning individual in India. With evolving tax rules and two tax regimes — Old and New — calculating your income tax can seem complex. Fortunately, online tax calculators simplify this process significantly for Financial years 2024-25 and 2025-26.
What is an Income Tax Calculator?
An income tax calculator is an online tool provided by various financial websites and the Income Tax Department of India. It helps individuals estimate their tax liability based on their income, age, deductions, and the chosen tax regime.
Online Income Tax Calculator for Financial Year 2024-25 & 2025-26
is given on the following Links/Websites:
News4You – News & Views On Personal Finance & Share Market
MoneyInsight – We Provide Insight to Your Money
Steps to Calculate Income Tax Online:
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Choose the Assessment Year: Select either AY 2024-25 or 2025-26.
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Select Tax Regime: Opt for the old regime (with deductions like 80C, 80D, HRA) or the new regime (lower slab rates, but no deductions).
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Enter Income Details: Include salary, rental income, business income, capital gains, and other sources.
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Input Deductions: Under the old regime, enter applicable deductions such as investments under Section 80C, health insurance (80D), NPS contributions, etc.
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Calculate: The calculator will instantly display your estimated tax liability.
Why Use an Online Calculator?
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Accuracy: Reduces the chances of manual errors.
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Convenience: Saves time and effort with instant results.
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Comparison: Helps you compare tax payable under both regimes to make an informed decision.
With the Union Budget 2024 continuing to favor the new tax regime, salaried individuals and professionals are encouraged to compare both regimes before filing. Using an online tax calculator is the first step toward efficient tax planning.
Note: Apart from the Links/Websites mentioned above, Online Income Tax Calculator is also given on this Website itself on the Bottom of this Page
