How can I calculate my income tax?

1) How is income tax calculated? Income tax is calculated on the basis of applicable tax slab. FAQs.

Individuals aged below 60years
Income Tax Rate
₹ 2,50,001 to ₹ 5,00,000 5%
₹ 5,00,001 to ₹ 10,00,000 ₹ 12,500 + 20% of Income exceeding ₹ 500,000.
Above ₹ 10,00,000 ₹ 1,12,500 + 30% of Income exceeding of ₹10,00,000.

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