Start Your ITR Filing Process
Complete our 4-step guided process to calculate your tax, identify your form, and get expert filing support.
Understanding Income Tax Calculation in India
Income tax calculation in India involves determining your total taxable income after considering various sources like salary, business, and investments. With the introduction of the New Tax Regime alongside the Old Tax Regime, taxpayers now have the flexibility to choose the system that minimizes their tax liability.
Old Tax Regime
Allows various deductions like 80C, 80D, and HRA. Ideal for those with significant investments and home loans.
New Tax Regime
Offers lower tax rates but removes most deductions. Simplified and often beneficial for those with fewer investments.
Who should use this calculator?
- Salaried Professionals
- Business Owners
- Freelancers
- Senior Citizens
Our tool is designed for anyone looking to compare tax liabilities for FY 2025-26 and FY 2026-27 instantly.
Step 1 — Calculate Your Income Tax
Note: For Old Regime, enter deductions separately. For New Regime, deductions are generally not applicable.
Estimated Tax Liability
Enter your details and click calculate to see your estimated tax.
Step 2 — Identify Your ITR Type
Step 3 — Submit Your Documents
✓Documents to Email
- Form 16 (Salary Certificate)
- AIS / TIS Statement
- Bank Statements (Full FY)
- Investment Proofs (80C/80D)
- Capital Gains Statements
- Other Income Proofs
Please email the above documents to our secure processing desk. Our experts will review them and get back to you within 24 hours.
Security Assurance
Your data is encrypted and handled with strict confidentiality. We never share your financial information with third parties.
Step 4 — Book Expert Consultation
Income Tax FAQs
How is income tax calculated in India for FY 2025-26?
Income tax is calculated by applying the relevant slab rates to your net taxable income. For FY 2025-26, you can choose between the Old Regime (with deductions) and the New Regime (lower rates, no deductions). Our calculator automates this comparison for you.
Which tax regime is better: Old vs New?
The 'better' regime depends on your total income and eligible deductions. Generally, if your total deductions (like 80C, HRA, etc.) are high, the Old Regime might be beneficial. If you have minimal investments, the New Regime usually results in lower tax.
What deductions are allowed under the Old Tax Regime?
Common deductions include Section 80C (LIC, PPF, ELSS up to ₹1.5L), Section 80D (Health Insurance), HRA, Home Loan Interest (Section 24), and Standard Deduction for salaried individuals.
Can I switch between Old and New regimes every year?
Salaried individuals can choose the regime every year at the time of filing. However, individuals with business or professional income have limited flexibility and can generally switch back to the Old Regime only once in their lifetime.
How do I identify which ITR form to file?
ITR-1 is for simple salary income. ITR-2 is for capital gains or foreign income. ITR-3/4 are for business income. Use our Step 2 tool above to identify the correct form based on your income sources.
Is it safe to share my financial documents for ITR filing?
At Compliance Katta, we use secure processing protocols and maintain 100% confidentiality. Your data is handled only by certified tax experts to ensure accurate and safe filing.