The Income Tax Calculator calculates taxes by considering your income, subtracting the eligible exemptions, allowances, deductions and applying the relevant tax slab rates on the remaining income. Having said that, the calculator calculates the tax liability under both the tax regimes i.e., old and new.

The Income Tax Calculator can only help you to know your tax liability. If you want to know ways of saving taxes, then you can use TaxHelpdesk’s Tax Saving Calculator.

No, it is not necessary to know all the allowances, exemptions or deductions before using the Income Tax Calculator. You can input whatever details you have for calculating the tax liability in the calculator.

Of course, yes! The Income Tax Calculator shows the tax liability under the old tax regime as well as the new tax regime.

Yes, the TaxHelpdesk’s Income Tax Calculator includes Health and Education Cess as well as surcharge for the purpose of telling you about the exact tax liability.

Yes, you can use the Income Tax Calculator if you have income from multiple sources. You just have to input the values of income from the multiple sources in its relevant column and the Income Tax Calculator will do its work.

You can make use of this Income Tax Calculator to calculate the tax liability of any person. You just need to know the details of their income and other relevant details required for calculating the income tax liability.

TaxHelpdesk believes in providing easy access to its valuable users. Therefore, all the calculators including this Income Tax Calculator are easy and free to use.

Yes, you can calculate your House Rent Allowance in Income Tax Calculator. Alternatively, you can also use TaxHelpdesk’s HRA calculator to know your HRA effectively.