INCOME TAX
Income Tax Computation Tool
Build an annual computation across salary, business, property, capital gains and other income.
Browser-only calculation: your inputs stay in this browser. Educational estimates; verify eligibility and current official rules before acting.
Full tax computation
| Computation | Old regime | New regime |
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Detailed calculation breakdown
Explore the projection schedule
Illustrative values based on the assumptions above.
UNDERSTAND THE CALCULATION
How to use Income Tax Computation Tool
Build an annual computation across salary, business, property, capital gains and other income.
Inputs and definitions
Choose the income period, residency, taxpayer type and regime; enter salary-head income before Chapter VI-A, verified business/professional profits or eligible presumptive receipts, property facts, classified gains, other income and payments.
Method and formula
Compute income heads, apply permitted current and brought-forward losses and depreciation, then eligible deductions, period-specific slab and special rates, agricultural integration, rebate, surcharge and cess. Review the AMT comparison and source-by-source foreign-tax/treaty relief before subtracting Indian tax payments. Imports replace named inputs; eligibility, origin years and tax-attribution facts remain your responsibility.
Illustrative example
₹10 lakh salary-head income plus ₹2 lakh ordinary interest gives ₹12 lakh Gross Total Income before any supported deduction or other head. The salary head is already after eligible salary-head deductions; no second standard deduction is applied.
COMMON QUESTIONS
Before you use the result.
What is included in this computation?
Supported income from salaries, business or profession, up to five house properties, classified capital gains and ordinary other sources is brought together. The result separates Gross Total Income, special-rate income, eligible deductions, Total Income, tax, rebate, surcharge, cess and entered tax payments. It is an individual/HUF estimate, not a complete return-preparation system.
Should I enter gross salary or the amount after deductions?
Enter the salary-head amount after eligible salary exemptions and salary-head deductions, but before Chapter VI-A. You can import this from the Salary tool. Do not subtract another standard deduction here. HRA belongs in the salary calculation, housing-loan interest in the property calculation, and eligible 80C/NPS/80D amounts in the deduction section.
Does every business qualify for 6% or 8% presumptive income?
No. The resident eligible-business scheme has entity, activity, turnover, receipt-mode and previous-election conditions. Its ordinary turnover ceiling is ₹2 crore; from FY2023–24 it can be ₹3 crore where cash receipts do not exceed 5%. The 6% rate is for qualifying banking/electronic receipts received within the statutory time; 8% applies to the balance. Commission, brokerage, agency and specified professional activities need separate treatment. Confirm eligibility before using this route.
Can every professional declare only 50% of receipts?
The professional presumptive scheme is limited to specified professions and eligible resident persons. Its ordinary receipts ceiling is ₹50 lakh; from FY2023–24 it can be ₹75 lakh where cash receipts do not exceed 5%. Income is at least 50%, or the higher amount claimed. Expenses are not deducted again. This personal tool supports eligible individuals; firm taxation and lower-profit books/audit cases need separate review.
How are losses, special-rate income and foreign relief handled?
Enter each supported current or brought-forward loss separately with its type, origin year and filing conditions. The computation applies permitted set-off and shows used amounts and the remaining ledger. Special-rate capital gains, VDA and winnings stay in their own categories; losses cannot simply be netted against all income. Agricultural integration, AMT and foreign relief have separate inputs and confirmations. Foreign relief requires matching taxable income already included once and verified source-specific tax allocations; the tool does not interpret a treaty for you.
Read these answers with the selected period, calculation scope and official sources below.
Scope and limitations
Individual/HUF computation for the selected year, regime and verified ROR, RNOR or NR status. Import salary, classified gains and home-loan property facts; compute eligible presumptive profit, up to five Indian properties, ordinary and special-rate income, supported current and brought-forward losses, depreciation, agricultural integration, AMT and source-by-source verified foreign-tax/treaty relief. Eligibility confirmations and separate source-tax allocations are required where shown. Speculation, specified-business/race-horse losses, unexplained income, buybacks, company/firm tax and a complete return remain outside scope. Salary & Take-Home compares regimes.
These examples explain the method. The interactive result depends on the selected facts and period, and is not a filing or an eligibility confirmation.
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Sources
Tax Year 2026–27 uses the Income-tax Act, 2025. Earlier financial years use the Income-tax Act, 1961 with applicable amendments. The old and new tax regimes are separate choices within those laws.