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Income Tax Calculator

Once the Government of India announces the Union Budget, you get to know if the income tax laws have been changed. ...Read More

Income Tax Calculator









value should be between 1 and 99,99,99,999
value should be between 1 and 99,99,99,999
value should be between 1 and 99,99,99,999
value should be between 1 and 99,99,99,999
value should be between 1 and 99,99,99,999
value should be between 1 and 99,99,99,999
Atleast one of the fields is required






Old Regime New Regime
Gross Income
Total Deduction (including Standard Deduction)
Net Taxable Income
Rebate under Section 87A
Tax Payable
Health and Education Cess
Taxes Already Paid
Net Tax Payable (Negative Value means Refund)

What Is an Income Tax Calculator?

An income tax calculator is a convenient, free and easy-to-use tool which you can use to efficiently compute your taxable income. This tool also helps to calculate your tax liabilities and provides accurate results.

With an online income and tax calculator, you can skip the hassle of manual calculations. It helps you avoid any chances for errors and saves time and effort. You can find similar calculators on many websites. However, consider checking whether it is aligned with the latest changes in the Union Budget.

Keep reading to understand how to calculate and organise your taxes with an online IT tax calculator. 

How to use Income Tax Calculator

You firstly would need to enter your birth details.


Further ahead, there will be sections that would require information about your income details such as:

  • Basic salary

  • HRA

  • Interest income

  • Profits from business, etc.


Enter the details as per applicable to you.


Once that is done, you need to add your income from house property


Moving on, you need to add the details of your deductions under 80C.


After that, you need to add the details of your section 80d.


Then the Calculator will ask you to add the details of any other deductions that you may have.


Once that is done, you shall be able to calculate your income tax as per the latest tax regimes and calculations.

How to Understand Income Tax Slabs? 

The income tax calculation in India happens following specific slabs. The slabs represent different taxpayer categories based on their annual income. With one glimpse of this slab, you can decipher that an increase in your income will result in higher tax rates. You will also see that there are two different tax slabs under the old and new regime.

To comprehend the tax slabs, you must be aware of three main categories in which taxpayers are divided under the old regime. These are:

  • Individual taxpayers under the age group of 60 years for all residents and NRI citizens of India
  • Resident senior citizens between 60 years to 80 years
  • Resident super senior citizen individuals are the ones above 80 years old

However, under the new tax regime, the income tax slabs are common for all the above three categories of individuals. Moreover, the tax slabs are different for individuals, HUFs, companies, partnership firms, etc.

India follows a progressive tax system to ensure fair taxation. This means only the part of your taxable income that falls under a higher tax slab gets taxed at a higher rate.

How to Calculate Income Tax FY 2023-24

To understand your potential tax liability, you first need to figure out your tax slab. People have to pay taxes based on their annual taxable income. By dividing individuals under income tax slabs, the Government ensures that people do not pay very heavy taxes. Currently, there are two tax regimes available in India, each with different taxations for each slab. Let’s take a look at what they are:

Income Tax Slab for New & Old Regime

Income Tax Slab for Old Regime (FY 2023 – 2024) differentiates between three age cohorts of tax-paying individuals.

Income Tax Slabs for Individuals below 60 years and HUF:

Income Tax Slab

Tax Rates

< INR 2,50,000


INR 2,50,001 to INR 5,00,000


INR 5,00,001 to INR 10,00,000


>INR 10,00,000




  • The exemption limit of income tax is up to ₹2.5 lakh for all individuals, HUF and individuals below 60 years and NRIs for FY 2023-24.
  • An additional 4% health and education cess is applicable on the tax amount.

Income Tax Slabs for Individuals aged between 60 years and 80 years :

Income Tax Slab

Tax Rates

< INR 3,00,000


INR 3,00,001 to INR 5,00,000


INR 5,00,001 to INR 10,00,000


>INR 10,00,000




  • The exemption limit on income tax is up to ₹3 lakh for senior citizens for FY 2023-24.
  • An additional 4% health and education cess is applicable on the tax amount.

Income Tax Slabs for Individuals above 80 years:

Income Tax Slab

Tax Rates

< INR 5,00,000


INR 5,00,001 to INR 10,00,000


>INR 10,00,000




  • The exemption limit on income tax is up to ₹5  lakh for super senior citizens for FY 2023-24.
  • An additional 4% health and education cess is applicable on the tax amount.

Income Tax Slab for New Regime (FY 2023 – 2024)  

Income Tax Slab

Income Tax Rates Applicable for FY 2023-24 as per the new regime for HUF and all Individuals

< ₹ 3,00,000

No Tax

₹ 3,00,001 to ₹ 6,00,000

5% on the income above ₹ 3,00,000

₹ 6,00,001 to ₹ 9,00,000

₹ 15,000 + 10% on the income above ₹ 6,00,000

₹ 9,00,001 to ₹ 12,00,000

₹ 45,000 + 15% on the income above ₹ 9,00,000

₹ 12,00,001 to ₹ 15,00,000

₹ 90,000 + 20% on the income above ₹ 12,00,000

> ₹ 15,00,001

₹ 1,50,000 + 30% on the income above ₹ 15,00,000


Individuals with a net taxable income of up to ₹ 7 lakh will be eligible for tax rebate u/s 87A under the new tax regime. The rebate limit remains at ₹ 5 lakh for individuals who choose to pay tax under the old regime.

An additional 4% health and education cess is applicable on the tax amount.

Surcharge (applicable for Old & New Tax Regime):

Surcharge is levied over and above the tax subject to marginal relief at following rates if total income exceeds specified limits:

  • 10% of Income Tax for income > ₹50 lakh
  • 15% of Income Tax for income > ₹1 crore
  • 25% of Income Tax for income > ₹2 crore
  • 37% of Income Tax for income > ₹5 crore

The enhanced surcharge of 25% & 37%, as the case may be, is not levied, from income chargeable to tax under sections 111A, 112A and 115AD. Hence, the maximum rate of surcharge on tax payable on such incomes shall be 15%.

The maximum rate of surcharge on tax payable on dividend income or capital gain referred to in Section 112, shall be 15%. The surcharge rate for an Association of Persons (AOP) with all members as a company shall be capped at 15%.

It is to be noted that relevant marginal relief from surcharge is available.

Health and education cess at 4% is to be applied on amount of surcharge also.

Once you understand your tax slab based on your income, age and eligible tax deductions, you can use the slab amounts given above to calculate your tax. Let’s assume a 50-year-old man earns INR 10, 80,000 per year. He invests in a ULIP with a premium of INR 2,55,000. Since he falls under the old tax regime, he first needs to calculate his taxable income. After making the eligible deductions, his taxable income works out to INR 8, 80,000. Based on his age and taxable income, he needs to pay INR 12,500 + 20% of (8, 80,000 – 5, 00,000) as income tax. The amount works out to INR 88,500 plus Health and Education cess of INR 3,540 (88,500*4%), so his total tax liability is INR 92,040.

Let’s assume the man did not make any investments or deductions. His taxable income would be INR 10, 30,000 after the standard deduction of INR 50,000. As per the income tax slabs in the new regime, he would have to pay INR 45,000 + 15% of (10, 30,000 – 9, 00,000). In this scenario, the income tax amount works out to INR 64,500 plus Health and Education cess of INR 2,580.

How to Calculate Gross Income from Different Sources of Income?

To calculate gross income from different income sources with an online income tax calculator, you must know the 5 different sources (or heads) of income. Each of these sources is taxed differently. The different heads of income under the Income Tax Act, 1961 are:
Income From Business

Income from Business or Profession

This category asks citizens to provide details of all their income from any form of business or entrepreneurship profession. Any sort of trade, company or manufacturing facility is considered a business. The word ‘profession’ refers to gaining specialised knowledge for use in commercial activity. 

Salaried Income

Income from Salary

This section is for those citizens who are salaried employees under a firm. The income from your salary will be composed of certain components like Dearness Allowance, basic pay, HRA, gratuity, travel allowance and any other allowances. You will find a detailed overview of all the components of your salary in your salary slip or payroll to calculate your gross income. 

Capital Gains

Income from Capital Gains

This category looks at your profits from capital assets like stocks, real estate and mutual funds. You can further divide capital gains into two categories, which are Long Term Capital Gains and Short Term Capital Gains. Your earnings are categorised as LTCG and STCG depending on the holding period of securities. 

Income From Rent

Income from House Property

This category involves the income which you might earn by renting, selling or leasing any commercial or residential property. This might include independent houses, apartments, hostels and office spaces. 

Other Income Sources

Income from Other Sources

Any income which does not fall under the above categories comes under the umbrella of income from other sources. This can involve bank interests, lottery, income from dividends, pensions, royalties, etc. 

Income Tax Calculation

We can understand how to calculate an individual’s income tax liability by using an example. Amit, a 45-year-old, earns INR 12, 00,000 per year. As per his income break-up, he gets HRA of INR 45,000 per month even though he pays monthly rent of INR 60,000. Additionally, he purchased a life insurance policy for himself, with a premium of INR 3, 00,000. He also pays the premiums for health insurance plans for himself and his mother, who is 70. Let’s take a look at how Amit should calculate his income:

Total Income: INR 12, 00,000

Standard Deduction: INR 50,000

HRA: INR 45,000

Interest on Home Loan- Self Occupied: INR 2, 00,000

Section 80C Deduction: INR 1, 50,000

Section 80D Deduction: INR 75,000

Amit’s total taxable income works out to: INR 6, 80,000.

His income tax liability is INR 12,500 + 20% of the taxable income above INR 5, 00,000

= INR 12,500 + 20% (6, 80,000 – 5,00,000)

= INR 12,500 + 20% of 1, 80,000

= INR 12,500 + 36,000

= INR 48,500 + INR 1,940 (48,500*4%)

So, the total tax Amit has to pay works out to INR 50,440

Now, let’s take a look at Varun’s situation. Varun earns INR 12, 00,000 per year. He does not make any investments, so he follows the new tax regime. After the standard deduction, his total taxable income is INR 11, 50,000.

As per the new tax regime, his income tax liability is INR 45,000 + 15% of the income above INR 9, 00,000

= INR 45,000 + 15% (11,50,000 – 9,00,000)
= INR 45,000 + 15% of 2,50,000
= INR 45,000 +  37,500
= INR  82,500+ INR  3,300 ( 82,500* 4%)

So, the total tax Varun has to pay works out to INR 85,800


Steps to Calculate Income Tax of a Salaried Employee? 

The calculation of income tax for salaried employees requires an elaborate process. You can do this manually yourself or seek help from an expert. You can also opt for an income tax calculator available online to compute the taxes for a salaried employee.

To calculate income tax for salaried employees, you can consider following the steps below.

1 Step 1: Start with Calculating Your Gross Income

In the space provided, enter your total income along with your allowances in the Income Tax Calculator. Certain allowances are tax-exempt; hence, they are not included in your total salary. The important components of your salary are Leave Travel Allowance (LTA) and House Rent Allowance (HRA). These will be excluded from your gross income subject to certain conditions.

To calculate the HRA, take the lowest value among the following points.

  • Actual rent must be 10% of Basic Pay + DA monthly salary
  • House Rent Allowance that your employer provides
  • 40% of your basic salary, if your workplace is in non-metro cities or 50% of your basic salary, for metro cities

You should mention your income from different sources like capital gains or deposits. The final result will be your gross income. With the online income tax calculator, you can evaluate your gross pay by filling in the details of your income. 

2 Step 2: Compute Your Net Taxable Income

To calculate your taxable income, you have to add all applicable deductions under Chapter VI-A of the Income Tax Act. This includes all deductions from Section 80C to Section 80U. Most of these deductions are available under the old tax regime while the new tax regime only allows a select few of them.

You can also claim a standard deduction of Rs. 50,000 from your annual salary FY 2023-24. Note that this is applicable only to salaried employees. 

The points below will provide a brief idea of the tax-saving instruments mentioned in this section.

1. Equity Linked Savings Scheme (ELSS)

2. Life Insurance

3. Public Provident Fund (PPF)

4. Mutual Fund

5. National Pension Savings Scheme (NPS)

6. Unit Linked Insurance Plan (ULIP)

The points below will take you through the sections in the Income Tax Act that allow you to avail different tax deductions.

  • Section 80CCD (1B)
    This section allows both salaried and self-employed citizens of India to avail an additional tax deduction of Rs. 50,000. You can combine the benefits of this section with Section 80C for a total maximum deduction of Rs. 2 lakh/year. Under this section, you can also provide your NPS contribution to calculate the NPS deduction from your taxable amount.

  • Section 80CCD(1)
    If you are contributing towards your retirement in the National Pension Scheme, this deduction is for you. The Section 80 CCD(1) offers a tax deduction for your NPS investment. To have a detailed idea about the deducted amount, you can use the income tax calculator available online.
    According to this section, a salaried employee will receive a 10% tax deduction if his/her gross salary is below Rs. 1.5 lakh.  

  • Section 80C
    Section 80C allows both HUF and individual citizens of India to claim deductions of up to Rs. 1.5 lakh in a financial year. You can access this benefit by investing in instruments like Life insurance policy, Public Provident Funds, National Savings Certificates, PPF, ELSS, and home loan repayment.

  • Section 80D
    You can receive deductions for the premium amount that you pay towards your health insurance under this section. To calculate the maximum tax deduction amount under Section 80D, you must consider the following points:
  • A deduction of Rs. 25,000 is available on medical insurance for self, spouse or children
  • An additional deduction of Rs. 25,000 is allowed for health insurance for parents below 60 years
  • An additional deduction of Rs. 50,000 is allowed for self and parents belonging to the age group of 60+ years of age

    It is important to note that the total tax deduction under this section cannot exceed Rs. 1 lakh. Also, you must make online payments of your premium to avail tax benefits under this section.

  • Section 80E

    Individuals paying interest towards education loans can avail tax deductions under this section. However, a person can enjoy tax deduction under Section 80E for a limited period which is 8 years. 

  • Section 80DD

    Under this section, individuals and HUFs can opt for deductions for bearing the medical expenses of their dependent or disabled family members. However, you can avail  a tax benefit up to Rs. 1.25 lakh depending on the person's disability. 

3 Step 3: Select the Tax Slab Based on Your Net Income

The tax slabs for FY 2023-24 have remained the same for the old regime. However, the 2023 Budget has made changes to the income tax slab under the new regime. Under it, the basic exemption limit has been increased to Rs. 3 lakh and the rebate under Section 87A has been doubled.

Once you are done subtracting your deductions from your annual income, you can evaluate your net taxable income under either of these regimes. Now, assess the result with the existing tax slab rates. This will let you know the income tax category you belong to.

You can get help from online income tax calculators to know your correct tax slab rate. 

4 Step 4: Calculate the Tax

After you have located the tax slab suiting your income, it is now time to pay net taxable income according to the tax slab. The calculation of your net income must rely on the following points.

Old Tax Regime

This is the only tax regime that was prevalent before the introduction of the new tax regime in FY 2023-24.

● Income Tax Slabs for Individuals and HUF

Tax Slabs

Age Less than 60 years

Age 60 years to 80 years

Age More than 80  years

Up to Rs. 2,50,000




Rs. 2,50,001 to Rs. 3,00,000

5% (Tax rebate u/s 87A)



Rs. 3,00,001 to Rs. 5,00,000


5% (Tax rebate u/s 87A)


Rs. 5,00,001 to Rs. 10,00,000




Above Rs. 10,00,000




New Tax Regime

The new tax regime has common tax rates for every individual and HUF taxpayer, unlike the old regime which differentiates taxpayers on the basis of their age. This regime was revamped in the Union Budget 2023. The new tax regime for FY 2022-23 FY 2023-24 is given below.

Tax Slabs

Income Tax Rates

Up to Rs. 3,00,000


Rs. 3,00,001 - Rs.6,00,000

5% (tax rebate under section 87A)

Rs. 6,00,001 - Rs. 9,00,000

10% (tax rebate under section 87A below Rs. 7 lakh)

Rs.9,00,001 - Rs.12,00,000


Rs. 12,00,001 - Rs.15,00,000


Above Rs. 15,00,000


Up to Rs 50 lakh


More than Rs 50 lakh but up to Rs 1 crore


More than Rs 1 crore but up to Rs 2 crore


More than Rs 2 crore


*Health and Educational cess of 4% tax will be applicable on the sum of income tax liability and surcharges of all cases.


Finally, you can seek a tax rebate under Section 87A of the Income Tax Act. A tax rebate is like an incentive that the government provides to individuals whose income falls below a specific limit. In this case, if your taxable income is below Rs. 5 lakh, you can claim a tax rebate of Rs. 12,500 under Section 87A.

Under the new tax regime, Section 87A allows rebates of up to Rs. 25,000 for a taxable income of up to Rs. 7 lakh. If your taxable income is above these limits, you will have to pay 4% health and education cess on the tax amount. With this, you can calculate your final taxable income.

Also, people whose income bracket falls within Rs. 50 lakh to Rs. 1 crore must pay a 10% surcharge. The highest surcharge rate is 37% applicable on income above Rs. 5 crore. 

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Income Tax Calculator Made Easy for Tax Filing

You can follow the simple steps below to calculate your payable income tax using an income tax calculator.

Select the assessment year to calculate the tax. For instance, if you are paying tax for FY 2023-24, choose AY 2024-25. 


Choose your age from the next field. 


Click on the income field and enter the required details like gross salary, and income from other sources if any. 


In the next field, enter the details of various deductions like standard deduction, rebate under 87A and deductions under the sections 80C, 80D, 80E, 80G, 80GG, 80 TTA, 80TTB, etc. Also, consider entering details of interests from educational loans and deposits in savings accounts. 


Enter details about your salary components like basic salary, DA, HRA and total rent, if you are paying any. 


Finally, select your residential place and whether it is a metro city or not and tap on the 'Calculate' icon to compute your tax dues.

Benefits of Filing Income Tax Online

Every individual who earns more than the basic exemption limit must file their Income Tax Returns (ITR). Even if your taxable income is less than the exemption limit, you need to file a nil return. Today, you can file your ITR online. Let’s take a look at the benefits of filing your ITR online:
  • Filing Income Tax Online is Quick Process

    You can complete the process quickly at your convenience

  • Faster electronic refunds with Online ITR Filing

    Online filing allows faster electronic refunds

  • Instant confirmation of filing with Online ITR Filing

    You can get instant confirmation of filing and real-time updates on your ITR status

  • Online ITR Filing is Safe and very secure

    The process is completely safe and very secure

  • ITR serves as income and address proof

    ITR serves as income and address proof and can be used to apply for visas, loans and insurance

  • Online ITR filing

    Online ITR filing helps you avoid any late fee or penalty since you can do it well before the cut-off date by yourself

Eligibility Criteria to File Income Tax

The individuals who are eligible to file income tax returns in India include:

Hindu Undivided Family HUF

Hindu Undivided Family (HUF)

Associations of Persons AoP

Associations of Persons (AoP)

Resident citizens

Resident citizens

Local authorities

Local authorities

Corporate firms

Corporate firms



Body of Individuals (BoI)

Body of Individuals (BoI)

Artificial Juridical Persons

Artificial Juridical Persons

Charitable and Religious Trusts

Charitable and Religious Trusts

Income Tax Exemptions for Salaried Individuals

Let’s take a closer look at the income tax exemptions salaried individuals can enjoy under the old tax regime:


Standard deduction or INR 50,000


House Rent Allowance or HRA


Leave Travel Allowance or LTA for domestic travel only


Work-related expenses including telephone bills


Deductions under various sections of the Income Tax Act, 19611, such as:


-Sections 80C and 80CCD(1) for contributions to NPS, life insurance premium, ELSS, tuition fee, tax-saving FDs, etc.

-Section 80D for health insurance premiums

-Sections 80C, 24B and 80EEE or 80EEA against repayments for their home loan

-Section 80E for education loan interest payments

-Section 80G for contributions to valid charitable organisations

-Section 80TTA for the interest accrued on a savings account

Incomes That Are Exempt from Income Tax Under the New Tax Regime

According to the new tax regime, from April 1, 2023, you can claim the standard deduction of Rs. 50,000 on your salary. You can also avail an additional deduction under Section 80 CCD (2) of the Income Tax Act.

Besides this, few more income sources are tax-exempt under the new tax regime. Given below are some of the incomes that are exempt from taxation under the new regime. 


  • -Withdrawal of funds from NPS on maturity or premature withdrawal

  • -The amount which you will receive after your PPF matures along with the annual interest that it accumulates

  • -The maturity amount and interest that you receive by investing in Sukanya Samriddhi Yojana

  • -Any kind of scholarship to meet educational expenses is tax-exempt

  • -Any leave encashment that you would receive at the time of resignation or retirement is also tax-exempt

  • -Interests that you receive from a Post Office Savings Account with an annual balance of up to Rs. 3,500 for each individual are tax-free

  • -As per section 10 (D), any bonus which you receive on surrender or maturity of life insurance is tax-free

  • -Deduction for family pension income under Section 57(iia)

Frequently Asked Questions


1 When can you file your income tax returns?

A person can file their annual ITR as soon as the new financial year begins, i.e., 1st of April every year. The due date by which you must complete the ITR filing procedure is July 31 of the same year. 

2 What is the difference between exemption and deduction?

Tax deduction happens when you make certain investments that help lower or deduct your taxable income. The Government of India allows many deductions to encourage people to participate in retirement planning and long-term health plans. On the other hand, certain parts of a person's income are tax-free or tax-exempt from the very beginning. These are tax exemptions. 

3 What are the major tax provisions introduced in the budget for Individual taxation?

Budget 2023 introduced a tax rebate in the new tax regime on income of up to Rs. 7 lakh. This means you do not have to file an ITR if your income is below Rs. 7 lakh. You will also receive a standard deduction of Rs. 50,000 under the new regime. The highest surcharge for people with income of more than Rs. 5 crore is also reduced to 25% from 37%. 

4 Which deductions/exemptions are not available under the new tax regime?

Standard deduction, leave travel allowance, minor child income allowance, professional tax and entertainment allowance, house rent allowance and children education allowance are not allowed. Moreover, nearly all deductions under Chapter VI A of the IT Act are not allowed. 

5 Is the Section 10(10D) exemption available under the new tax regime?

The exemption under Section 10 (10D) encompassing life insurance payouts is available under the new tax regime, subject to conditions mentioned in the section. 

6 How will the new tax regime work for an individual?

According to the new tax regime, if your income is below Rs. 3 lakhs, there is no tax rate applicable to you. Further, rebate under Section 87A is also available upto taxable income of Rs 7 lakhs. This new tax regime is better for individuals with comparatively lower incomes with less number of investments than the old tax regime. It is also better for anyone who does not want to do complex calculations as it is the default option. 

7 Is the new tax regime optional? Can I change the option once selected for any financial year?

The Government of India will consider the new tax regime as the default one. However, individual taxpayers can choose between the old or new tax regime at their convenience. A salaried individual can easily switch between new and old tax regimes every year while filing an ITR. On the other hand, if you are a self-employed taxpayer, you cannot switch between tax regimes. 

8 Does my investment in insurance and pension still be eligible for tax benefits?

Yes, Section 80CCC investments in pension and life insurance are still eligible for tax benefits under the old regime. For the new regime, only family pension income u/s 57 (iia) is allowed as a deduction. 

9 What new budget proposals apply to salaried individuals for the current financial year 2023-24?

From Section 80CCC investments in pension and life insurance are still eligible for tax benefits under the old regime. For the new regime, only family pension income u/s 57 (iia) is allowed as a deduction.

10 Whether there is any TDS on dividend income in the budget proposal?

Yes, dividends above Rs. 5,000 have a 10% TDS charge applicable since the 2020 Union Budget. 

11 What details do I need to provide while e-filing my ITR?

To file an ITR, you must provide documents like an Aadhaar Card, PAN card, Form 16, bank account details, home loan statement, tax saving instruments, rental income and details about capital gains, dividend income, and foreign income. 

12 Does everybody have to file their income tax returns?

If your taxable income exceeds the basic exemption limit in the income tax slab, you must file your income tax returns. Companies and firms must file their income tax returns regardless of their total income. 

13 Does the income tax calculator calculate TDS?

No, the income tax calculator does not calculate TDS. However, it can compute your tax liabilities for any given assessment year.

14 What is the Income Tax Certificate?

An income tax certificate is a document issued by tax authorities stating its owner has cleared all his/her outstanding taxes. 

15 How does income tax affect my credit score?

Income Tax payments do not directly affect your credit score. However, regular filing of ITR can have a positive impact on your credit report regarding your financial management.

16 How can I calculate my income tax liability online?

You can opt for any income tax calculators available online to calculate your due taxes. All you need to do is choose the appropriate tax slab and enter the necessary fields. Following this, the tax calculator will compute your payable tax.  

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  1. Tax benefits & exemptions are subject to conditions of the Income Tax Act, 1961 and its provisions. Tax Laws are subject to change from time to time. Customer is requested to seek tax advice from his Chartered Accountant or personal tax advisor with respect to his personal tax liabilities under the Income-tax law.
  2. If the policyholder has exercised the option to change premium payment term, Total Premiums Paid will include premiums paid only from the date of converting to Limited Pay
  3. In-built Terminal Illness cover under Life & Life plus plan options. In-built Accidental Death cover under Life Plus option. Optional benefit of Waiver of Premium on Total and Permanent Disability or diagnosis of Critical Illness.
  4. Guaranteed Income: This option offers a guaranteed regular income for a fixed term of 10 or 12 years.
  5. For Single premium, the special addition is 1% of the Single premium at inception only

ARN - INT/MC/12/23/7245