Which countries are supported by this tax calculator?

Our calculator supports India, United States, United Kingdom, Canada, Australia, and Pakistan — using their latest tax slabs, deductions, and rules for FY 2024-25 and FY 2025-26.

How accurate is this income tax calculator?

We use the latest official tax rates and rules, but the results are estimates. For exact planning or complex cases, consult a registered tax professional.

What’s the difference between New and Old tax regime in India?

The New Regime uses lower tax rates but fewer deductions. The Old Regime allows deductions like 80C, 80D, etc., but has higher slab rates. Our calculator lets you compare both side by side for FY 2025-26.

Are senior citizen benefits included in the calculation?

Yes. Age-based benefits (for 60+ and 80+ in India) are included. Just select your age group to get accurate tax figures.

Can I calculate tax for multiple income sources?

Absolutely! Add incomes like salary, interest, rent, crypto, and others to get a full tax breakdown.

Is my financial data secure when using this calculator?

Yes — all calculations happen locally in your browser. We don’t store your data, ensuring complete privacy.

How do I claim deductions under the U.S. standard deduction?

The U.S. calculator adds the standard deduction automatically (e.g., $13,850 for single in 2024). You can still choose to itemize using Schedule A if it saves more tax.

When is the U.S. tax filing deadline?

In the U.S., the typical tax deadline is April 15 (unless it falls on a weekend or holiday). Late filers may face penalties. Use the calculator to estimate your tax due ahead of time.

Can I include HSA contributions in my U.S. tax calculation?

Yes — HSA (Health Savings Account) contributions are pre-tax. If you enter amounts under 'Other Deductions,' the calculator will adjust your U.S. tax accordingly.

What is the UK personal allowance in the calculator?

The UK tax calculator includes the personal allowance (£12,570 for 2024-25), meaning you pay no income tax under that threshold.

Can I use this calculator if I filed an extension in the U.S.?

Yes — the calculator shows estimated liability regardless of filing date. However, interest or late-filing penalties won’t be calculated automatically.

How do I add crypto (digital assets) income?

Simply enter gains or losses from digital assets under 'Other Income' (India) or 'Capital Gains' (USA) — the calculator applies appropriate tax treatment per country.

Free AI Income Tax Calculator

Calculate your income tax accurately for India, USA, UK, Canada, Australia & Pakistan. Get detailed tax breakdown with latest FY 2024-25 & 2025-26 tax slabs and country-specific deductions.

Basic Details

Income Details

Deductions

Results

Step 1: Basic Details

Financial Year

Country

Step 2: Income Details

Income from Salary

₹

Income from Interest

₹

Rental Income Received

₹

Income from Digital Assets

₹

Other Income

₹

Exempt Allowances

₹

Step 3: Deductions & Exemptions

Step 4: Tax Calculation Results

₹0

Total Income

₹0

Total Deductions

₹0

Tax Payable

Income Breakdown

Tax Calculation

Note: If you find any errors in the tax calculation or have suggestions for improvement, please contact us at contact@freeaicalculator.com. We aim to resolve issues as quickly as possible.

WhatsApp X Facebook LinkedIn Reddit

How Income Tax Calculator Works

Want to know how much tax you need to pay this year?

Our Free AI Income Tax Calculator Tool helps you figure it out instantly.

It supports multiple countries including India, USA, UK, Canada, Australia, and Pakistan, making it perfect for salaried employees, freelancers, and business owners.

This calculator uses the latest income tax slabs for FY 2024-25 and FY 2025-26 to give you an accurate estimate. You just need to:

1

Select your country

Choose from India, USA, UK, Canada, Australia, or Pakistan.
2

Enter your total annual income

Include salary, freelance income, and other earnings.
3

Add applicable deductions

Enter eligible deductions like 80C, 80D, HRA, etc.
4

Choose tax regime & age group

Pick between Old or New regime with age-based exemptions.

Within seconds, you'll get a full tax breakdown including:

Taxable income
Effective tax rate
Total tax payable
Net income after tax

Our system automatically applies age-based exemptions, tax regime benefits, and applicable surcharges as per your country’s law.

Whether you're calculating tax under the new regime or trying to compare between old vs new tax systems — it’s all just a click away.

This free tool follows official tax rules and uses real-time logic, so you always get the most accurate results.

Start planning your taxes smarter and faster with our online calculator — no spreadsheets or guesswork needed.

Need to know how to calculate income tax manually or want a PDF of your tax report? Scroll below to explore more tools and examples.

How to Use Our Free Income Tax Calculator Online

Figuring out how much income tax you need to pay can feel overwhelming — especially with all the rules and calculations involved. That’s exactly why we built this Free Online Income Tax Calculator.

Whether you're a salaried professional, freelancer, or run your own business, this AI tool makes it easy to get a clear, instant estimate of your tax – no confusing formulas required.

Wondering how to get started?

Here's a simple, step-by-step guide on how to calculate your income tax online using our intuitive and user-friendly calculator.

1. Select Financial Year & Country

Choose the relevant FY (e.g., FY 2025-26) and your country (India, USA, UK, Canada, Australia, Pakistan).

2. Pick Your Age Group or Tax Regime

Select between Old and New tax regime (India), and your age group to apply senior citizen benefits if applicable.

3. Enter Total Income

Include all sources like salary, freelance earnings, business income, rent, capital gains, or digital asset profits.

4. Add Deductions

Enter deductions like 80C, 80D, HRA, standard deduction, or other country-specific exemptions.

5. Click "Calculate Tax"

Get an instant breakdown of your taxable income, total deductions, and final tax payable.

6. Download or Share

Save your tax report as PDF or share it with your CA in just one click.

This tool supports the latest tax rules, slabs, and exemptions for multiple countries — making it ideal for global users looking to stay tax-compliant.

How to Calculate Income Tax on Salary With Example

Calculating income tax on your salary doesn't have to be complicated.

Whether you're a first-time employee or a seasoned taxpayer, understanding how your tax is calculated helps you plan better.

Let’s break it down with an easy step-by-step guide and a real-life example to make everything clear.

Step 1: Calculate Gross Salary

Add up your basic salary, HRA, special allowances, bonuses, and other benefits.

Step 2: Subtract Exemptions

Deduct tax-free components like HRA (if applicable), Leave Travel Allowance, and Standard Deduction (₹50,000).

Step 3: Apply Deductions

Claim deductions under sections like 80C (up to ₹1.5L), 80D (Health Insurance), and others as eligible.

Step 4: Find Taxable Income

Your taxable income = Gross Income – Exemptions – Deductions.

Step 5: Apply Tax Slabs

After figuring out your taxable income, just pick your tax regime—old or new—and apply the slab rates to see how much tax you’ll be charged.

Step 6: Add Cess

Once you calculate your total tax, simply add 4% as Health and Education Cess.

🇮🇳 Income Tax Example - India (FY 2025-26)

Annual Income: ₹10,00,000

Deductions (80C, 80D, etc.): ₹1,50,000

Taxable Income: ₹8,50,000

Old Tax Regime

₹0 – ₹2.5L: Nil
₹2.5L – ₹5L: 5% → ₹12,500
₹5L – ₹10L: 20% on ₹3.5L → ₹70,000
Total Tax: ₹82,500
+4% Cess: ₹3,300
Net Payable: ₹85,800

New Tax Regime

₹0 – ₹3L: Nil
₹3L – ₹6L: 5% on ₹3L → ₹15,000
₹6L – ₹9L: 10% on ₹2.5L → ₹25,000
₹9L – ₹12L: 15% on ₹0.5L → ₹7,500
Total Tax: ₹47,500
+4% Cess: ₹1,900
Net Payable: ₹49,400

🇺🇸 Income Tax Example - USA (2025)

Annual Income: $60,000

Standard Deduction (Single): $14,600

Taxable Income: $45,400

Federal Income Tax (Single Filer)

$0 – $11,600: 10% → $1,160
$11,600 – $45,400: 12% on $33,800 → $4,056
Total Tax: $5,216

*This is federal tax only. State tax (if applicable), Social Security, and Medicare taxes are separate.

Latest Tax Slabs (FY 2024‑25 & 2025‑26)

Our calculator uses the most up-to-date tax slabs and rates for accurate results. Here’s a quick summary for the India and USA systems:

🇮🇳 India - New Tax Regime (FY 2025‑26)

0%: up to ₹4,00,000
5%: ₹4,00,001 – ₹8,00,000
10%: ₹8,00,001 – ₹12,00,000
15%: ₹12,00,001 – ₹16,00,000
20%: ₹16,00,001 – ₹20,00,000
25%: ₹20,00,001 – ₹24,00,000
30%: above ₹24,00,000

🇺🇸 USA - Federal Tax (2025, Single Filers)

10%: up to $11,925
12%: $11,926 – $48,475
22%: $48,476 – $103,350
24%: $103,351 – $197,300
32%: $197,301 – $250,525
35%: $250,526 – $626,350
37%: above $626,350

Our calculator also supports other systems like the UK's personal allowance model, Canada’s federal tax structure, Australia’s tax + Medicare levy, and Pakistan’s salaried tax slabs.

Old vs New Tax Regime in India – Which Is Better for You in 2025?

Choosing the right tax regime depends on your income structure, investments, deductions, and financial habits.

Here's a side-by-side comparison to help you decide which one works better for you in India.

Feature	Old Tax Regime	New Tax Regime
Income Tax Slabs	₹2.5L–₹5L: 5% ₹5L–₹10L: 20% Above ₹10L: 30%	₹0–₹3L: 0% ₹3L–₹6L: 5% ₹6L–₹9L: 10% ₹9L–₹12L: 15% ₹12L–₹15L: 20% Above ₹15L: 30%
Standard Deduction	₹50,000 allowed	₹50,000 allowed (from AY 2024–25)
80C, 80D, HRA, etc.	Available	Not available
Rebate u/s 87A	For income up to ₹5L	For income up to ₹7L
Flexibility	More beneficial for those with deductions	Best for those with no/little deductions
Filing Complexity	More documentation needed	Simpler and faster

✅ Verdict: Choose the Old Regime if you claim significant deductions and exemptions. Opt for the New Regime if you prefer a simplified structure with lower rates and no deductions.

Income Tax Calculation Formula (With Step-by-Step Breakdown)

Want to know how income tax is calculated on your salary?

Below is a simple formula, a clear step-by-step method, and a worked example so you can follow the math easily.

Use this to verify the results from your income tax calculator online.

Core formula:

Taxable Income = Gross Income − Exemptions − Deductions

(Exemptions = HRA, LTA etc. — Deductions = 80C, 80D, standard deduction, etc.)

Step	Description
1. Calculate Gross Income	Total annual earnings (salary + allowances + bonuses + other income).
2. Remove Exemptions	Any tax-exempt parts (for example HRA if you claim it). This reduces the amount considered for tax.
3. Apply Deductions	Subtract eligible deductions (80C, 80D, NPS, standard deduction, etc.) to get Taxable Income.
4. Apply Slab Rates	Split the taxable income across tax slabs (old or new regime) and compute tax for each slab, then sum up. See official slab rates below.
5. Add Surcharge & 4% Cess	After base tax, add any applicable surcharge and then add 4% Health & Education Cess to (tax + surcharge).
6. Apply Rebate (Section 87A)	Rebate may reduce tax to zero for lower incomes (thresholds differ by regime and year). Always check current rebate limits.

Worked Example (India)

Inputs:

Gross Annual Salary: ₹10,00,000
Standard Deduction: ₹50,000
80C Deductions: ₹1,50,000

Step A — Taxable Income:

Taxable Income = ₹10,00,000 − ₹50,000 − ₹1,50,000 = ₹8,00,000

Step B — Old Regime Calculation

(example slabs: 0–2.5L: 0%, 2.5–5L: 5%, 5–10L: 20%) — compute slab-wise:

Tax on ₹0–₹2,50,000 = ₹0
Tax on ₹2,50,001–₹5,00,000 → amount = ₹2,50,000 → 5% of ₹2,50,000 = ₹12,500
Tax on ₹5,00,001–₹8,00,000 → amount = ₹3,00,000 → 20% of ₹3,00,000 = ₹60,000

Base tax (Old Regime) = ₹12,500 + ₹60,000 = ₹72,500

Add 4% Health & Education Cess: 4% of ₹72,500 = ₹2,900 → Total tax = ₹75,400.

Step C — New Regime Calculation

(example slabs: 0–3L: 0%, 3–6L: 5%, 6–9L: 10%) — compute slab-wise:

Tax on ₹0–₹3,00,000 = ₹0
Tax on ₹3,00,001–₹6,00,000 → amount = ₹3,00,000 → 5% of ₹3,00,000 = ₹15,000
Tax on ₹6,00,001–₹8,00,000 → amount = ₹2,00,000 → 10% of ₹2,00,000 = ₹20,000

Base tax (New Regime) = ₹15,000 + ₹20,000 = ₹35,000

Add 4% Cess: 4% of ₹35,000 = ₹1,400 → Total tax = ₹36,400.

Quick takeaway:

In this example, the New Regime gives a lower tax (₹36,400) compared to the Old Regime (₹75,400) because the taxpayer claimed large deductions under 80C & standard deduction — but the absolute result depends on your exact deductions and income pattern. Always compare both.

Notes:

4% Health & Education Cess is added on (tax + surcharge).
Surcharge applies for very high incomes (check current surcharge slabs when taxable income crosses thresholds).
Section 87A rebate can reduce tax to zero for low incomes — check current rebate limits for old vs new regime.
Use our Advance Income Tax Calculator FY 2025-26 to compare old vs new instantly — it runs this exact formula and shows side-by-side results.

Tax Deductions You Can Claim to Save More (Section 80C, 80D, etc.)

Use these tax-saving deductions to lower your taxable income — practical options for salaried and self-employed taxpayers.

80C

Section 80C — Up to ₹1.5L

Invest in PPF, ELSS, EPF, life insurance, or tax-saving FDs to claim up to ₹1,50,000 deduction.

80D

Section 80D — Health Insurance

Deduct premiums for self, family, and parents. Useful LSI keyword: health insurance tax deduction.

24(b)

Section 24(b) — Home Loan Interest

Own a home? Claim up to ₹2,00,000 tax deduction on loan interest for self-occupied property.

80E

Section 80E — Education Loan

Deduction for interest on education loans (no maximum limit). Helpful for parents & students.

80G

Section 80G — Donations

Donations to eligible charities can give partial or full deduction. Keep receipts for proof.

Other Useful Deductions

Explore various tax saving options such as interest earned on savings accounts, eligible charitable donations, and contributions to the National Pension System (NPS).

💡

Tip: Keep proofs (receipts, premium statements, bank challans) handy at ITR time. Compare old vs new regime using the calculator to see which saves you more tax.

Who Should Use This Income Tax Calculator?

This calculator is built for anyone who wants a quick, accurate estimate of their tax liability — no complex formulas needed. It is especially helpful for:

Salaried Employees

Check how much tax will be deducted from your salary, verify payroll calculations, and plan investments to save tax.

Freelancers & Gig Workers

Estimate tax on freelance income, include professional expenses, and set aside the right amount for quarterly payments.

Small Business Owners & Self-Employed

Quickly calculate taxable income after business deductions and compare tax under different regimes (where applicable).

Expats & Multi-Country Earners

Estimate tax for India, USA, UK, Canada, Australia, and Pakistan — useful for cross-border tax planning and comparisons.

Mool tools: salary income tax calculator, freelance tax calculator, tax estimator, compare old vs new tax regime.

Benefits of Using an Online Income Tax Calculator

Fast & Accurate Estimates

Get instant tax calculations that apply the latest slabs, cess, and surcharge rules — saves time and reduces manual errors.

Compare Regimes & Plan Savings

Easily compare the old vs new tax regimes, test different deduction scenarios (80C, 80D, home loan interest), and choose the best tax strategy.

Better Financial Planning

Use the calculator to forecast after-tax income, plan investments, and budget for tax payments or refunds.

Downloadable Reports & Shareable Results

Save or share a PDF/summary with your accountant — handy during ITR filing or when seeking professional advice.

Useful tools: online income tax calculator, calculate tax on salary, tax calculator India, tax savings calculator.