Resources/Calculators/Income Tax Calculator

Income Tax Calculator

Calculate 80G

Deductions must be less than Gross Income.

Income Tax Calculator illustration
Step-by-Step Guide

How to Use Income Tax Calculator

Finace India’s Income Tax Calculator helps you estimate your income tax using the details you enter. To get started, select the relevant assessment year and complete the fields shown in the calculator. The result is an estimate based on your inputs, so review your details carefully before relying on it.

Important: The Income Tax Calculator provides an estimate for informational purposes. The result may not reflect every individual circumstance or tax provision. Verify the applicable rules and your figures before making tax filing or payment decisions. Consult a qualified tax professional if you need advice specific to your situation.

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  1. 1
    Step 1 of 5

    Select the assessment year Choose the assessment year for which you want to estimate your tax. The calculator currently displays AY 2026–27, 2025–26, 2024–25 and 2023–24. Select the year that applies to the income you are calculating.

  2. 2
    Step 2 of 5

    Choose your taxpayer category Select the category that matches your taxpayer status, such as Individual, HUF, Firm, LLP, Domestic Company, Foreign Company, AOP/BOI, Cooperative Society or Trust. The available calculations may differ by category.

  3. 3
    Step 3 of 5

    Enter your residential status and age group Choose the relevant residential status and age group from the options displayed. These details can affect which tax rules apply to your calculation.

  4. 4
    Step 4 of 5

    Enter your income and deductions Enter your estimated annual income and complete the deduction fields available in the calculator, including Chapter VI-A deductions and 80G deductions where applicable. Check the figures before calculating; the page displays a validation message if the 80G deduction is greater than gross income.

  5. 5
    Step 5 of 5

    Calculate and review your estimate Select Calculate Now to view the result. If you need to correct any input, update the relevant field and calculate again. Use the Reset option if you want to clear the form and start over.

FAQ

Frequently Asked Questions

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