Income Tax Calculator for FY 2021-2022

PayHR Income tax calculator is an simple online tax calculator tool that helps you to estimate your tax based on your income. This tax calculator will show comparison of both tax regime.

To know more about Income tax saving guidelines, click here: Income Tax Saving Guidelines for Employee's

Select Your details

Below 60 years

60 to 80 years

80 years and above

You had selected age as :

Enter Your Income details

Your Total Gross Taxable Income is :

Enter Your Exemptions and Deduction details

Here is your Income Tax Calculation

Allowance | Deductions As per OLD Regime As per NEW Regime
1. Income From Salary (+)
2. Income From Other Source (+)
3. Interest Paid On Home Loan (-)
4. Total Gross Taxable Income (1+2-3)
5. HRA Exemption Amount (-)
6. LTA Exemption Amount (-)
7. Standard Deductions (-)
8. 80C Deduction Amount (-)
9. Individual contribution to NPS 80CCD (-)
10. Medical Insurance 80D (-)
11. Employer contribution to NPS 80CCD (-)
12. 80 Other Deductions (-)
13. Total Exemption & Deduction (5+6+7+8+9+10+11+12)
14. Total Taxable Income (4-13)
15.Total Tax
16. Surcharge
17. Health & Education Cess
18. Total Income Tax for FY 2020-2021 (15+16+17)
Is Marginal Relif Applicable?
Income Tax slab considers as per :

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