Tax Calculator
Old regime allows all deductions and exemptions
Income Sources
Deductions
Section 80 Deductions
Salary Components
Your Tax Summary
Total Taxable Income
₹0Tax Breakdown
Effective Tax Rate
Your effective tax rate is 0% of your taxable income
How Our Tax Calculator Works
Our advanced algorithm calculates your tax liability based on the latest tax slabs, deductions, and exemptions for the selected assessment year.
Dynamic Tax Rules
Automatically updates with latest tax laws and budget changes through our secure API.
Dual Regime Support
Calculates tax under both old and new regimes with clear comparisons.
Verified Calculations
Cross-verified with official tax department rules and Chartered Accountant reviews.
Automatic Updates
Regularly checks for tax law changes and updates calculations accordingly.
About Our Income Tax Calculator
Dynamic Tax Rule Updates
Our calculator connects to a secure API that automatically updates tax rules whenever there are changes in:
- Income tax slabs and rates
- Deduction limits under various sections
- Surcharge and cess percentages
- Budget announcements and circulars
- Changes in HRA exemption rules
Calculation Verification
To ensure accuracy, our system implements multiple verification layers:
- Official Sources: Rules are sourced directly from Income Tax Department notifications
- CA Review: Chartered Accountants review all calculation logic
- Test Cases: Extensive test cases against manual calculations
- User Feedback: Reporting system for users to flag discrepancies
Update Notification System
When tax laws change, our system:
- Automatically downloads the latest rules from our verified API
- Displays a notification about the changes to users
- Provides a changelog of what was updated
- Offers to recalculate existing scenarios with new rules
Frequently Asked Questions
Our calculator connects to a secure API that monitors official tax department notifications, budget announcements, and circulars. Whenever changes are detected:
- The system downloads the latest tax rules
- Calculation logic is updated automatically
- Users are notified about the changes
- A changelog is displayed showing what was updated
This ensures you always get calculations based on the most current tax laws.
We implement multiple verification layers to ensure accuracy:
- Official Sources: Rules are sourced directly from Income Tax Department notifications and circulars
- Professional Review: Chartered Accountants review all calculation logic and test cases
- Automated Testing: Over 500 test cases verify calculations against manual computations
- User Feedback: Discrepancy reporting system allows users to flag potential issues
While we strive for 100% accuracy, complex individual situations may require professional advice.
The key differences between the old and new tax regimes are:
Old Regime
- Allows all deductions (80C, 80D, HRA, etc.)
- Higher tax slabs but with exemptions
- Better for those with significant investments
- More complex calculations
New Regime
- Very few deductions allowed
- Lower tax slabs but without exemptions
- Simpler tax structure
- Better for those with minimal investments
Our calculator helps you compare both regimes to determine which is better for your situation.
Our update schedule ensures you always have the latest tax rules:
- Real-time monitoring: Our system checks for updates daily
- Budget updates: Implemented within 24 hours of announcement
- Circulars/notifications: Added within 48 hours of publication
- Annual updates: New assessment year rules added by April 1st each year
- Emergency updates: Critical changes implemented immediately
You'll always see a notification when updates are applied.
Yes, we provide full transparency about the tax rules being applied:
- Click the "View Current Tax Rules" button below the calculator
- See the exact slabs, rates, and deduction limits being used
- View the source of each rule (notification number and date)
- Access the last update timestamp
This allows you to cross-verify with official sources if desired.