Use the simple calculator below to determine your standard income tax. But if you hold actual assets, a standard calculation isn’t enough. Scroll down to the three dedicated asset panels to calculate the exact tax hit on your equity, land, and rental cash flow. No guesswork, just the math.
Income Tax Calculator for Salaried Employees
Estimate your income tax instantly under the New Tax Regime
Income Details
Quick salary adjustment
Examples: interest income, freelancing income, rental income
Tax Summary
Monthly Salary
Specialized Tax Calculators
Pick a category below to estimate tax on capital gains and rental income under the New Tax Regime.
Stocks, Mutual Funds & IPO Tax Calculator
Sec 111A / 112AAdd one row per sale — a stock sold on one date, an IPO allotment sold on another, each SIP instalment redeemed, etc. The calculator adds them all up and works out your combined tax.
Gains are calculated before brokerage, STT and other transaction costs.
The Asset Panels: Calculate Your Exact Liability
The tax code treats paper assets and hard assets differently. Use the three panels below to handle the heavy lifting for your specific portfolio.
Panel 1: Equity & Shares
Paper assets are liquid, which means the tax rules are immediate and strict. Use this panel to calculate the exact hit from Short-Term Capital Gains (STCG) and Long-Term Capital Gains (LTCG). Plug in your buy and sell prices to see exactly what percentage the government is taking from your market returns.
Panel 2: Land Sales
This is where real wealth is stored, and where tax calculations get complicated. Basic calculators fail here. Use this panel to handle the mechanics of real estate sales, factoring in indexation to adjust your original purchase price for inflation. This drastically reduces your taxable capital gains on hard assets.
Panel 3: Home Loans & Rental Cash Flow
Real estate isn't just about selling; it is about cash flow. If you are servicing a home loan while collecting rent, the taxman allows you to offset your interest payments against your rental income. Use this panel to calculate your net taxable income from property, ensuring you don't pay a rupee more than legally required on your rental yields.
Tax Calculation Examples for Salaried Employees with Additional Income
Example 1: Salary + Equity Investments
| Particulars | Amount | Tax Treatment |
|---|---|---|
| Salary | ₹18,00,000 | Taxed under normal slab rates (after standard deduction). |
| STCG (Listed Equity) | ₹80,000 | Taxed flat at 20% = ₹16,000. |
| LTCG (Listed Equity) | ₹3,00,000 | First ₹1.25 lakh is exempt. 12.5% on the remaining ₹1.75 lakh = ₹21,875. |
Example 2: Salary + Long-Term Capital Gain on Land
| Particulars | Amount | Tax Treatment |
|---|---|---|
| Salary | ₹12,00,000 | Taxed separately under standard slab rates. |
| LTCG on Land | ₹25,00,000 | Taxed under long-term provisions: 12.5% without indexation, or 20% with indexation where transitional rules apply. |
Example 3: Salary + Rental Income
| Particulars | Amount | Tax Treatment |
|---|---|---|
| Salary | ₹24,00,000 | Taxed under normal slab rates. |
| Annual Rent | ₹4,80,000 | Entitled to a flat 30% standard deduction, dropping taxable rent to ₹3,36,000. |
| Home Loan Interest | ₹3,50,000 | Fully deducted against the rental income, creating a net house property loss on paper. |
Example 4: Salary + Short-Term Sale of Land
| Particulars | Amount | Tax Treatment |
|---|---|---|
| Salary | ₹15,00,000 | Stacks normally in your tax brackets. |
| STCG on Land | ₹5,00,000 | Added directly to your total taxable income and taxed at your applicable slab rates. |
FREQUENTLY ASKED QUESTIONS
How are mutual fund and share capital gains taxed?
If you sell equity shares or equity mutual funds within 12 months, it is a Short-Term Capital Gain (STCG) taxed at a flat 20%. If you hold them for more than 12 months, it is a Long-Term Capital Gain (LTCG) taxed at 12.5% on gains exceeding ₹1.25 lakh in a financial year.
How does indexation work on land sales?
Indexation adjusts your original purchase price for inflation using the government's Cost Inflation Index (CII). By artificially raising your "purchase price" on paper, it lowers your total capital gains, which significantly reduces the final tax you pay when selling property. (Note: Recent 2024 budget changes have altered indexation rules for new properties, but historical holdings still require complex calculations).
Can I offset home loan interest against my salary?
Under the default New Tax Regime, no. If you live in the property (self-occupied), you cannot claim any deduction for your home loan interest. If you rent the property out, you are allowed to deduct the interest from your rental income—but if your interest exceeds your rent, you cannot set off that loss against your salary. To offset up to ₹2 lakh of home loan interest against your salary, you must actively opt out of the new system and file under the Old Tax Regime, which only makes mathematical sense if you are claiming several other deductions.