🧾 What is a Tax Calculator?

A Tax Calculator helps you estimate how much income tax you need to pay based on:

• Income
• Tax slabs
• Deductions

👉 It shows:

• Total tax payable
• Net income (after tax)

🎯 How to Use a Tax Calculator

1. Enter Your Annual Income
   • Example: ₹8,00,000
2. Select Tax Regime
   • Old Regime / New Regime
3. Enter Deductions (Optional)
   • Example: ₹1,50,000 (80C, etc.)
4. Click “Calculate”
5. View Result
   • Total tax
   • Income after tax

📊 How It Works

👉 Tax is calculated based on income slabs (India)

Example (New Regime – simplified)

• Up to ₹3,00,000 → 0%
• ₹3,00,001 – ₹6,00,000 → 5%
• ₹6,00,001 – ₹9,00,000 → 10%
• ₹9,00,001 – ₹12,00,000 → 15%
• ₹12,00,001 – ₹15,00,000 → 20%
• Above ₹15,00,000 → 30%

📊 Example

👉 Income = ₹8,00,000

➡️ Tax ≈ ₹35,000 – ₹45,000 (approx)
➡️ Net Income ≈ ₹7.5 lakh+

⚡ Common Uses

• 💼 Salary tax planning
• 🧾 Income tax filing
• 📊 Financial planning
• 💰 Budget management