Online Tax Calculator 2025-26

Tax Calculation for 2025-26

Estimate your total tax liability for the year 2025-26 based on your income and deductions.

Annual Income ($) Deductions ($) Tax Rate (%) Total Tax Payable ($)

function calculateTax(){ const income = parseFloat(document.getElementById(“annualIncome”).value); const deductions = parseFloat(document.getElementById(“deductions”).value); const rate = parseFloat(document.getElementById(“taxRate”).value) / 100; if(isNaN(income) || isNaN(deductions) || isNaN(rate) || income el.value = “”); document.getElementById(“totalTax”).value = “”; } function formatCurrency(n) { return “$” + n.toFixed(2); }

This online tax calculator helps you estimate your tax liability for the year 2025-26 based on your annual income, deductions, and applicable tax rate.

Example Calculation

If your annual income is $50,000 and your deductions are $15,000, with a tax rate of 25%, your total tax payable would be $8,750.

Why It Matters

Knowing your tax liability helps you plan your finances and avoid surprises at the end of the tax year.

Smart Strategy

Maximize your deductions to minimize your tax burden. Ensure you take advantage of all eligible deductions for 2025-26.

FAQs

Can I use this calculator for other years? This calculator is tailored for 2025-26, but the method remains the same for other years.

What if my income changes throughout the year? Enter your projected income for the year to get an estimate.

Tax Calculation for 2025-26

Example Calculation

Why It Matters

Smart Strategy

FAQs

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