Income Tax Calculator – Estimate Your Tax
Estimate income tax from gross income, tax rate and optional deductions. Simplified model for quick planning. Net income = Gross − Tax.
Income Tax Calculator
Simplified income tax: taxable income = gross − deductions; tax = taxable × rate.
Formula
Taxable = max(0, Gross − Deductions), Tax = Taxable × Rate%, Net = Gross − Tax
Understanding income tax
Income tax is levied on earnings from work, investments, and other sources. Most countries use progressive brackets: higher income is taxed at higher rates. This calculator uses a single effective rate for simplicity. For accurate estimates, use official tax calculators or consult a professional.
Deductions and credits can significantly reduce your tax. Common deductions include retirement contributions, health savings, and mortgage interest. Use our salary calculator and paycheck calculator to see take-home pay after tax and other deductions.