Salary Income Tax Calculator

For Individuals (FY 2024-25 & FY 2025-26)

1. Basic Information

2. Annual Salary Components

3. Deductions & Exemptions (Old Regime Only)

Sec 80D: Max ₹25,000 for self/family (₹50,000 for senior citizens). Additional ₹25,000 for parents (₹50,000 for senior citizen parents).
Sec 80CCD(1B): Additional deduction up to ₹50,000 for NPS contributions.
Sec 80G: Donations to certain funds/institutions. Deduction percentage varies (50% or 100%) and some have qualifying limits. Enter the eligible amount after considering limits.
Sec 24(b): Interest on housing loan for self-occupied property is deductible up to ₹2,00,000. For let-out property, the full interest is deductible (subject to loss set-off limits). Enter the actual interest paid.
Sec 80E: Deduction for interest paid on education loan for self, spouse, or children. No limit on amount, but for 8 consecutive assessment years.
Enter any other eligible deductions under Chapter VI-A (e.g., 80DD, 80U, 80TTA, etc.) not covered above.

4. Tax Deducted at Source (TDS)

Calculation Summary

Gross Salary (Annual) ₹ 0
Less: Exemptions ₹ 0
Income from Salary (Before Deductions) ₹ 0
Less: Standard Deduction ₹ 0
Less: Chapter VI-A Deductions (Old Regime) ₹ 0
Net Taxable Income (Old Regime) ₹ 0
Net Taxable Income (New Regime) ₹ 0