Check how much income tax you need to pay
- 1 Basic details
- 2 Income details
- 3 Deductions
- 2024-25
- 2023-24
- 2022-23
- Below 60
- 60 - 80
- Above 80
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Check how much income tax you need to pay
Income tax is a tax that the government charges on your annual income. Every citizen has to pay this tax and the government can change the income slabs and tax rates every year in its Union Budget. An income tax calculator new regime can help you determine your tax liability under the latest rules and rates.
An income tax calculator online is an online tool that is used to compute the amount of taxes based on your annual income.
You can easily calculate the amount of income tax with the help of the Apkireturn income tax calculator by following the below-mentioned steps:
You need to fill out basic details, including:
After, filling in all the basic details, enter the details about your annual income, such as:
Fill out other information related to deductions (if any) such as
Calculating income tax using the Apkireturn Income Tax Calculator only takes 4-5 minutes.
What are the benefits of Using the Apkireturn Income Tax Calculator
For personalized assistance with your ITR calculation or filing income tax return, it’s always advisable to consult a tax advisor in Jaipur.
| Slab | New Tax Regime (Before Budget 2023 - until 31 March 2023) | New Tax Regime (After Budget 2023 - From 01 April 2023) |
|---|---|---|
| Rs. 0 to Rs. 2,50,000 | NIL | NIL |
| Rs. 2,50,000 to Rs. 3,00,000 | 5% | NIL |
| Rs. 3,00,000 to Rs. 5,00,000 | 5% | 5% |
| Rs. 5,00,000 to Rs. 6,00,000 | 10% | 5% |
| Rs. 6,00,000 to Rs. 7,50,000 | 10% | 10% |
| Rs. 7,50,000 to Rs. 9,00,000 | 15% | 10% |
| Rs. 9,00,000 to Rs. 10,00,000 | 15% | 15% |
| Rs. 10,00,000 to Rs. 12,00,000 | 20% | 15% |
| Rs. 12,00,000 to Rs. 12,50,000 | 20% | 20% |
| Rs. 12,50,000 to Rs. 15,00,000 | 25% | 20% |
| More than Rs. 15,00,000 | 30% | 30% |
| Income Tax Slab | Tax Rates |
|---|---|
| Up to Rs 2,50,000* | NIL |
| Rs 2,50,001 - Rs 5,00,000 | 5% |
| Rs 5,00,001 - Rs 10,00,000 | 20% |
| Above Rs 10,00,000 | 30% |
Not everyone is required to file income tax returns. Generally, individuals with income above a certain limit must file. However, those with income below Rs 2.5 lakh (old regime) or Rs 3 lakh (new regime) who wish to claim a tax refund must still file a return.
The new income tax rules often refer to updates or changes made in the tax regulations for a specific financial year. These rules may include revised tax slabs, new deductions, changes in exemptions, and updated compliance requirements.
For the latest and specific details, it’s best to consult a tax professional, as the rules can vary by year and jurisdiction.
You can calculate your tax liability for the assessment year that follows the financial year in which you earned your income. For example, if you earned income during the financial year 2023-24 (April 1, 2023, to March 31, 2024), you would calculate your tax liability for the assessment year 2024-25.
Yes, our income tax calculator is free to use.
Contact our team of experts at 766 515 6000 will guide you related to tax and planning.
No, our income tax calculator does not calculate TDS (Tax Deducted at Source).
Yes, we prioritize your privacy and ensure that all data entered into the calculator is securely processed and not stored without your consent.
You can use the Apkireturn calculator multiple times to update your income details and get an estimate of your tax liability.
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