Income Tax Calculator Online

Enter your annual income and any deductions claimed under Section 80C, and the calculator instantly shows your taxable income, income tax liability, the 4% Health and Education Cess, and your total tax payable for the assessment year. This salary income tax calculator is built using the New Tax Regime slabs for FY 2024–25 (AY 2026–27), which is the default tax regime for salaried individuals in India. The standard deduction of ₹75,000 is automatically considered, and the rebate under Section 87A ensures that eligible taxpayers with taxable income up to ₹7 lakh have an effective tax liability of zero.

Your income tax liability affects your net take-home salary - which directly affects the personal loan amount you're eligible for. Lenders calculate your loan eligibility based on net monthly income (income after tax and other deductions), not gross salary. Using this salary income tax calculator helps you understand your actual post-tax income before approaching a lender. If your gross annual salary is ₹10 lakh and your total tax is ₹52,000, your net annual income after tax is approximately ₹9,48,000 - which translates to a monthly net income of roughly ₹79,000. Lenders use this net figure to assess your Fixed Obligation to Income Ratio (FOIR) and determine how much loan you can comfortably repay.