Professional Income Tax Calculator

Calculate precise tax liabilities with the latest Budget updates. Compare Old vs. New Regimes, offset capital/trading losses, discover expected refunds, and identify the correct ITR form for your profile.

1. Employment Type

Salaried / Pensioner Self-Employed

Salaried individuals are granted a Standard Deduction (₹50k Old / ₹75k New).

Gross Annual Income (₹)

₹

Deductions & Exemptions (Only applicable for Old Regime)

Section 80C (Max ₹1.5L)

₹

Section 80CCD(1B) NPS (Max ₹50k)

₹

Other Deductions & Exemptions

₹

Sum of HRA, LTA, 80D (Health), Sec 24(b) Home Loan Interest, etc.

TDS / Advance Tax Already Paid

₹

1. Ordinary Income Sources

Income from Salary / Pension

₹

Business / Profession (Non-Speculative)

₹

Intraday Trading (Speculative)

₹

House Property (Rental Income)

₹

Other Sources (Interest, Dividends)

₹

Crypto / VDAs Gains (Flat 30%)

₹

No basic exemption or set-off allowed.

2. Capital Gains & Trading Losses (Use losses to automatically offset gains)

Short-Term Gains (STCG @ 20%)

₹

Short-Term Losses (Current or B/F)

₹

Long-Term Gains (LTCG @ 12.5%)

₹

₹1.25L statutory exemption applied automatically.

Long-Term Losses (Current or B/F)

₹

Business / Intraday Losses (B/F)

₹

3. Deductions (Mainly Old Regime) & Taxes Paid

Section 80C (Max ₹1.5L)

₹

Section 80CCD(1B) NPS

₹

Health Insurance (80D)

₹

Home Loan Interest (Sec 24b)

₹

HRA Exemption / LTA / Other

₹

TDS / Advance Tax Paid

₹

Recommended Strategy:

New Tax Regime

Saves you ₹0

Suggested ITR Form

ITR-1

Expected Refund

₹0

New Tax Regime

₹0

Total Tax Liability

Gross Total Income ₹0

Deductions Allowed ₹0

Taxable Income ₹0

Cap Gains & Crypto Tax ₹0

Base Tax (Slabs) ₹0

Health & Edu Cess (4%) ₹0

Old Tax Regime

₹0