Income Tax Calculator
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What is an Income Tax Calculator?
An Income Tax Calculator is an easy-to-use online tool that helps individuals estimate their income tax liability based on their annual income, deductions, and applicable tax regime. It provides a quick breakdown of taxable income, tax payable, and potential savings under both the Old Tax Regime and the New Tax Regime, helping taxpayers make informed financial decisions.
How to Use This Calculator?
Using the Income Tax Calculator is simple and requires the following steps:
Enter Your Gross Annual Income: Input your total earnings before deductions, including salary, rental income, interest, and other sources.
Add Deductions & Exemptions: Enter eligible deductions such as HRA, Section 80C (Investments), Section 80D (Health Insurance), Home Loan Interest, and NPS Contributions.
Select the Tax Regime: Choose between the Old Regime and New Regime to compare tax liabilities.
Click Calculate: The tool will instantly display the total taxable income and tax payable for both regimes.
Optimize Your Tax Savings: Use the results to decide the best tax regime and explore potential tax-saving investment options.
Difference Between the New Regime and Old Regime
Old Regime allows various deductions and exemptions, such as HRA, Section 80C, 80D, and home loan interest.
New Regime offers lower tax rates but eliminates most deductions and exemptions.
Which One to Choose? If you have high deductions, the Old Regime may be beneficial. If not, the New Regime may offer lower taxes.
Benefits of Using an Income Tax Calculator
1. Quick & Accurate Tax Calculation
The calculator automates tax computation, reducing manual errors and ensuring accuracy.
2. Comparison Between Tax Regimes
Users can instantly compare their tax liability under both regimes and choose the most beneficial one.
3. Helps in Tax Planning
By understanding taxable income, individuals can strategically plan investments in tax-saving instruments like ELSS, PPF, and NPS.
4. Saves Time & Effort
No need for complex tax calculations—get results in seconds with minimal inputs.
5. Maximizes Tax Savings
The tool provides actionable insights into deductions and exemptions, helping users reduce their tax burden legally.
Start Calculating Your Taxes Now!
Use our Income Tax Calculator to make smarter tax decisions and optimize your financial planning. Stay ahead in your tax game and maximize your savings effortlessly!
Bond Yield Calculator – Calculate YTM & Returns Instantly
For investors looking to earn steady returns from fixed-income securities, a Bond Yield Calculator is an essential tool. Bonds are a preferred investment option for those who seek stable and predictable returns, making them ideal for low-risk investors, retirees, and portfolio diversifiers.
When investing in bonds, understanding key metrics like Yield to Maturity (YTM), Current Yield, and Total Returns is crucial. A Bond Yield Calculator helps investors assess the profitability of a bond investment and make informed financial decisions.
What is a Bond Yield Calculator?
A Bond Yield Calculator is a financial tool designed to estimate the returns on a bond investment based on inputs such as:
Face Value (Par Value) of the Bond
Market Price of the Bond
Coupon Rate (Annual Interest Paid)
Years to Maturity
By analyzing these parameters, the calculator provides:
1. Annual Coupon Payment
2. Current Yield (Returns based on market price)
3. Yield to Maturity (YTM) (Total expected return if held until maturity)
4. Total Estimated Returns
It helps investors evaluate whether a bond is undervalued or overvalued based on the expected yield.
How Does a Bond Yield Calculator Help?
A Bond Yield Calculator is invaluable for investors because it:
Calculates YTM & Current Yield Instantly – Get an accurate estimate of returns before investing.
Compares Bonds Easily – Evaluate different bonds and choose the best one for your portfolio.
Helps in Decision Making – Determine if a bond aligns with your investment strategy.
Optimizes Fixed-Income Investments – Understand the true return potential of a bond.
How Does a Bond Yield Calculator Work?
A Bond Yield Calculator uses financial formulas to estimate the bond’s Yield to Maturity (YTM) and Current Yield:
1. Current Yield Formula
Current Yield = (Annual Coupon Payment / Market Price of the Bond) * 100
For example, if a bond has a ₹1,00,000 face value, a 7.5% coupon rate, and is currently priced at ₹95,000, the Current Yield is:
(7,500 / 95,000) * 100 = 7.89%
2. Yield to Maturity (YTM) Formula
The YTM formula is more complex as it accounts for coupon payments, the bond’s price, and time to maturity:
YTM= (C+((F-P)/N))/((F+P)/2)
Where:
C = Annual Coupon Payment
F = Face Value of Bond
P = Current Market Price
N = Years to Maturity
Using the same bond example, the YTM would be 8.78%, which is higher than the Current Yield due to the bond’s discounted price.
The Bond Yield Calculator simplifies these calculations, allowing investors to make quick, informed investment decisions without manual computations.
Why Use a Bond Yield Calculator?
1. To estimate the potential returns from bond investments.
2. To compare yields across different bonds and issuers.
3. To assess whether a bond is worth investing in based on its YTM.
4. To make smarter fixed-income investment decisions with minimal risk.
Using a Bond Yield Calculator ensures you choose the right bond for your portfolio and maximize your fixed-income returns with accurate, data-driven insights.
Why Invest via Grip Invest?
₹1,000
Minimum Investment
₹1,000
Minimum Investment
4 Lac+
Trusted Investors
4 Lac+
Trusted Investors
Upto 14%
Fixed Returns
Upto 14%
Fixed Returns
Why Invest via Grip Invest?
₹1,000
Minimum Investment
₹1,000
Minimum Investment
4 Lac+
Trusted Investors
4 Lac+
Trusted Investors
Upto 14%
Fixed Returns
Upto 14%
Fixed Returns
Why Invest via Grip Invest?
₹1,000
Minimum Investment
4 Lac+
Trusted Investors
Upto 14%
Fixed Returns
Start Investing Now
FAQ's on Income Tax Calculator
What is an Income Tax Calculator, and how does it work?
An Income Tax Calculator is an online tool that helps you estimate your income tax liability based on your annual income, deductions, and exemptions. It calculates your tax based on the latest income tax slabs and provides insights into tax-saving opportunities.
What is an Income Tax Calculator, and how does it work?
An Income Tax Calculator is an online tool that helps you estimate your income tax liability based on your annual income, deductions, and exemptions. It calculates your tax based on the latest income tax slabs and provides insights into tax-saving opportunities.
What is an Income Tax Calculator, and how does it work?
An Income Tax Calculator is an online tool that helps you estimate your income tax liability based on your annual income, deductions, and exemptions. It calculates your tax based on the latest income tax slabs and provides insights into tax-saving opportunities.
Is this Income Tax Calculator free to use?
Yes, the Income Tax Calculator is completely free and can be used anytime to estimate your tax liability.
Is this Income Tax Calculator free to use?
Yes, the Income Tax Calculator is completely free and can be used anytime to estimate your tax liability.
Is this Income Tax Calculator free to use?
Yes, the Income Tax Calculator is completely free and can be used anytime to estimate your tax liability.
Do I need to enter my PAN to use the tax calculator?
No, you don’t need to enter your PAN. The calculator only requires financial details to estimate your tax liability.
Do I need to enter my PAN to use the tax calculator?
No, you don’t need to enter your PAN. The calculator only requires financial details to estimate your tax liability.
Do I need to enter my PAN to use the tax calculator?
No, you don’t need to enter your PAN. The calculator only requires financial details to estimate your tax liability.
Which tax regime is better: New vs. Old?
Old Regime: Best if you claim multiple deductions (EPF, PPF, NPS, etc.). New Regime: Best if you have minimal deductions and want lower tax rates.
Which tax regime is better: New vs. Old?
Old Regime: Best if you claim multiple deductions (EPF, PPF, NPS, etc.). New Regime: Best if you have minimal deductions and want lower tax rates.
Which tax regime is better: New vs. Old?
Old Regime: Best if you claim multiple deductions (EPF, PPF, NPS, etc.). New Regime: Best if you have minimal deductions and want lower tax rates.
What happens if my income is below the taxable limit?
No tax is required. However, filing a Nil Return is recommended for financial proof.
What happens if my income is below the taxable limit?
No tax is required. However, filing a Nil Return is recommended for financial proof.
What happens if my income is below the taxable limit?
No tax is required. However, filing a Nil Return is recommended for financial proof.
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Grip Invest is a SEBI-regulated platform for high-yield, fixed-income investments like Corporate Bonds and SDIs. Our mission is to enable all Indians to invest in regulated, curated, diversified opportunities offering attractive, predictable returns.
Grip Broking Private Limited
Grip Broking Private Limited (U67120DL2023PTC410290), Member of NSE- SEBI Registration No.: INZ000312836, NSE Member Code: 90319
Registered Office: Flat No. 106, II Floor, New Asiatic Building, H Block, Connaught Place, New Delhi-110001
Corporate Office: Plot No. 3, Veritas Building, 6th Floor, Golf Course Road, Sector 53, Gurgaon-122003, Haryana
Compliance Officer: Ms. Jyotsna; Contact No: +91 93555 90389; Email id: complianceofficer@gripinvest.in
Investments in debt securities/municipal debt securities/securitised debt instruments are subject to risks including delay and/or default in payment. Read all the offer related document carefully.
Procedure to file a complaint on SEBI SCORES- (i) Register on SCORES portal (ii) Mandatory details for filing complaints on SCORES: Name, PAN, Address, Mobile Number, E-mail ID (iii) Benefits: Effective communication, Speedy redressal of the grievances
i. Prevent Unauthorised transactions in your account --> Update your mobile numbers/email IDs with your Stock Brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day. Prevent Unauthorized Transactions in your demat account Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL/CDSL on the same day.
ii. There is no need to issue a cheque. Please write the Bank account number and sign the IPO application form to authorize your bank to make payment in case of allotment. In case of non allotment the funds will remain in your bank account. Issued in the Interest of Investor. Investments in securities market are subject to market risks; read all the related documents carefully before investing.
iii. KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
iv. Investor awareness on fraudsters that are collecting data of customers who are already into trading on Exchanges and sending them bulk messages on the pretext of providing investment tips and luring them to invest with them in their bogus firms by promising huge profits.
v. Advisory for investors - Clients/investors to abstain them from dealing in any schemes of unauthorised collective investments/portfolio management, indicative/ guaranteed/fixed returns / payments etc.
Attention Investors:
1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 01, 2020.
2. Update your email id and mobile number with your stock broker / depository participant and receive OTP directly from the depository on your email id and/or mobile number to create a pledge.
3. Check your securities / MF / bonds in the consolidated account statement issued by NSDL/CDSL every month. .......... Issued in the interest of Investors
SEBI: https://www.sebi.gov.in | NSDL: https://nsdl.co.in | CDSL: https://www.cdslindia.com | NSE: https://www.nseindia.com | BSE : https://www.bseindia.com | SMART ODR PORTAL: https://smartodr.in/login | SCORES 2.0: https://scores.sebi.gov.in | Sitemap
Made with love️ in India | Copyright © 2024, GripInvest
Download the Grip Invest App and stay connected 24/7
Get personalized deal recommendations
Gain insights on your portfolio performance
Receive instant updates and notifications
Grip Invest is a SEBI-regulated platform for high-yield, fixed-income investments like Corporate Bonds and SDIs. Our mission is to enable all Indians to invest in regulated, curated, diversified opportunities offering attractive, predictable returns.
Grip Broking Private Limited
Grip Broking Private Limited (U67120DL2023PTC410290), Member of NSE- SEBI Registration No.: INZ000312836, NSE Member Code: 90319
Registered Office: Flat No. 106, II Floor, New Asiatic Building, H Block, Connaught Place, New Delhi-110001
Corporate Office: Plot No. 3, Veritas Building, 6th Floor, Golf Course Road, Sector 53, Gurgaon-122003, Haryana
Compliance Officer: Ms. Jyotsna; Contact No: +91 93555 90389; Email id: complianceofficer@gripinvest.in
Investments in debt securities/municipal debt securities/securitised debt instruments are subject to risks including delay and/or default in payment. Read all the offer related document carefully.
Procedure to file a complaint on SEBI SCORES- (i) Register on SCORES portal (ii) Mandatory details for filing complaints on SCORES: Name, PAN, Address, Mobile Number, E-mail ID (iii) Benefits: Effective communication, Speedy redressal of the grievances
i. Prevent Unauthorised transactions in your account --> Update your mobile numbers/email IDs with your Stock Brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day. Prevent Unauthorized Transactions in your demat account Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL/CDSL on the same day.
ii. There is no need to issue a cheque. Please write the Bank account number and sign the IPO application form to authorize your bank to make payment in case of allotment. In case of non allotment the funds will remain in your bank account. Issued in the Interest of Investor. Investments in securities market are subject to market risks; read all the related documents carefully before investing.
iii. KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
iv. Investor awareness on fraudsters that are collecting data of customers who are already into trading on Exchanges and sending them bulk messages on the pretext of providing investment tips and luring them to invest with them in their bogus firms by promising huge profits.
v. Advisory for investors - Clients/investors to abstain them from dealing in any schemes of unauthorised collective investments/portfolio management, indicative/ guaranteed/fixed returns / payments etc.
Attention Investors:
1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 01, 2020.
2. Update your email id and mobile number with your stock broker / depository participant and receive OTP directly from the depository on your email id and/or mobile number to create a pledge.
3. Check your securities / MF / bonds in the consolidated account statement issued by NSDL/CDSL every month. .......... Issued in the interest of Investors
SEBI: https://www.sebi.gov.in | NSDL: https://nsdl.co.in | CDSL: https://www.cdslindia.com | NSE: https://www.nseindia.com | BSE : https://www.bseindia.com | SMART ODR PORTAL: https://smartodr.in/login | SCORES 2.0: https://scores.sebi.gov.in | Sitemap
Made with love️ in India | Copyright © 2024, GripInvest
Grip Invest is a SEBI-regulated platform for high-yield, fixed-income investments like Corporate Bonds and SDIs. Our mission is to enable all Indians to invest in regulated, curated, diversified opportunities offering attractive, predictable returns.
Grip Broking Private Limited
Grip Broking Private Limited (U67120DL2023PTC410290), Member of NSE- SEBI Registration No.: INZ000312836, NSE Member Code: 90319
Registered Office: Flat No. 106, II Floor, New Asiatic Building, H Block, Connaught Place, New Delhi-110001
Corporate Office: Plot No. 3, Veritas Building, 6th Floor, Golf Course Road, Sector 53, Gurgaon-122003, Haryana
Compliance Officer: Ms. Jyotsna; Contact No: +91 93555 90389; Email id: complianceofficer@gripinvest.in
Investments in debt securities/municipal debt securities/securitised debt instruments are subject to risks including delay and/or default in payment. Read all the offer related document carefully.
Procedure to file a complaint on SEBI SCORES- (i) Register on SCORES portal (ii) Mandatory details for filing complaints on SCORES: Name, PAN, Address, Mobile Number, E-mail ID (iii) Benefits: Effective communication, Speedy redressal of the grievances
i. Prevent Unauthorised transactions in your account --> Update your mobile numbers/email IDs with your Stock Brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day. Prevent Unauthorized Transactions in your demat account Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL/CDSL on the same day.
ii. There is no need to issue a cheque. Please write the Bank account number and sign the IPO application form to authorize your bank to make payment in case of allotment. In case of non allotment the funds will remain in your bank account. Issued in the Interest of Investor. Investments in securities market are subject to market risks; read all the related documents carefully before investing.
iii. KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
iv. Investor awareness on fraudsters that are collecting data of customers who are already into trading on Exchanges and sending them bulk messages on the pretext of providing investment tips and luring them to invest with them in their bogus firms by promising huge profits.
v. Advisory for investors - Clients/investors to abstain them from dealing in any schemes of unauthorised collective investments/portfolio management, indicative/ guaranteed/fixed returns / payments etc.
Attention Investors:
1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 01, 2020.
2. Update your email id and mobile number with your stock broker / depository participant and receive OTP directly from the depository on your email id and/or mobile number to create a pledge.
3. Check your securities / MF / bonds in the consolidated account statement issued by NSDL/CDSL every month. .......... Issued in the interest of Investors
SEBI: https://www.sebi.gov.in | NSDL: https://nsdl.co.in | CDSL: https://www.cdslindia.com | NSE: https://www.nseindia.com | BSE : https://www.bseindia.com | SMART ODR PORTAL: https://smartodr.in/login | SCORES 2.0: https://scores.sebi.gov.in | Sitemap
Made with love️ in India | Copyright © 2024, GripInvest
Download the Grip Invest App and stay connected 24/7
Get personalized deal recommendations
Gain insights on your portfolio performance
Receive instant updates and notifications
Grip Invest is a SEBI-regulated platform for high-yield, fixed-income investments like Corporate Bonds and SDIs. Our mission is to enable all Indians to invest in regulated, curated, diversified opportunities offering attractive, predictable returns.
Grip Broking Private Limited
Grip Broking Private Limited (U67120DL2023PTC410290), Member of NSE- SEBI Registration No.: INZ000312836, NSE Member Code: 90319
Registered Office: Flat No. 106, II Floor, New Asiatic Building, H Block, Connaught Place, New Delhi-110001
Corporate Office: Plot No. 3, Veritas Building, 6th Floor, Golf Course Road, Sector 53, Gurgaon-122003, Haryana
Compliance Officer: Ms. Jyotsna; Contact No: +91 93555 90389; Email id: complianceofficer@gripinvest.in
Investments in debt securities/municipal debt securities/securitised debt instruments are subject to risks including delay and/or default in payment. Read all the offer related document carefully.
Procedure to file a complaint on SEBI SCORES- (i) Register on SCORES portal (ii) Mandatory details for filing complaints on SCORES: Name, PAN, Address, Mobile Number, E-mail ID (iii) Benefits: Effective communication, Speedy redressal of the grievances
i. Prevent Unauthorised transactions in your account --> Update your mobile numbers/email IDs with your Stock Brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day. Prevent Unauthorized Transactions in your demat account Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL/CDSL on the same day.
ii. There is no need to issue a cheque. Please write the Bank account number and sign the IPO application form to authorize your bank to make payment in case of allotment. In case of non allotment the funds will remain in your bank account. Issued in the Interest of Investor. Investments in securities market are subject to market risks; read all the related documents carefully before investing.
iii. KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
iv. Investor awareness on fraudsters that are collecting data of customers who are already into trading on Exchanges and sending them bulk messages on the pretext of providing investment tips and luring them to invest with them in their bogus firms by promising huge profits.
v. Advisory for investors - Clients/investors to abstain them from dealing in any schemes of unauthorised collective investments/portfolio management, indicative/ guaranteed/fixed returns / payments etc.
Attention Investors:
1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 01, 2020.
2. Update your email id and mobile number with your stock broker / depository participant and receive OTP directly from the depository on your email id and/or mobile number to create a pledge.
3. Check your securities / MF / bonds in the consolidated account statement issued by NSDL/CDSL every month. .......... Issued in the interest of Investors
SEBI: https://www.sebi.gov.in | NSDL: https://nsdl.co.in | CDSL: https://www.cdslindia.com | NSE: https://www.nseindia.com | BSE : https://www.bseindia.com | SMART ODR PORTAL: https://smartodr.in/login | SCORES 2.0: https://scores.sebi.gov.in | Sitemap
Made with love️ in India | Copyright © 2024, GripInvest