Income Tax Calculator (India)

This Income Tax Calculator is made using India's Taxation rules.

The Income Tax slabs, rates and other tax deduction benefits are almost same for the FY 2021-22 and FY 2022-23 respectively for the old tax regime.

So, for the FY 2022-23, both tax regimes will be functioning parallelly. A taxpayer has the option to choose his/her preferred tax regime once in a year.

Before using the Income Tax Calculator FY 2022-23 Excel, you must know specifically which tax regime is more beneficial to you. As there has not been any major income tax-related changes in Budget 2022, therefore, it is more or less the same with that of the FY 2021-22.

This excel-based calculator is a combination of both old and new tax regime. You don’t need to do anything extra. Just put all your income and deductions details and this calculator will automatically calculate your final tax liability at a glance under both regimes and it will help you in deciding which tax regime is beneficial for you.