Tax Calculator

Estimate your income tax based on different tax rates and deductions.

Tax Calculation

Enter your annual income, deductions, and select a tax bracket to estimate your tax.

Tax Calculator

Formula Used:

The income tax is calculated using the formula:

Taxable Income = Annual Income - Deductions

Tax Amount = Taxable Income × (Tax Rate / 100)

  • Taxable Income: Income after deductions
  • Tax Rate: Percentage based on selected tax bracket
  • Tax Amount: Final tax liability