Income Tax Liability
Let’s find out how you can calculate Tax Liability from Income Tax using an online income tax calculator.
Step 2: Fill in Basic Details
![Basic details for Calculate income tax Income Tax Liability](https://lenvica.com/wp-content/uploads/2021/11/Basic-Details.png)
Step 3: Key in your Salary Details
Copy the earnings and deductions from your payslip to appropriate salary heads listed.
![Salary Earnings Salary Earnings](https://lenvica.com/wp-content/uploads/2021/11/Salary-Earnings.png)
![Salary Deduction Salary Deduction](https://lenvica.com/wp-content/uploads/2021/11/Salary-Deduction.png)
Step 4: Declare your investments
![Income Tax Liability Income Tax Liability](https://lenvica.com/wp-content/uploads/2021/11/Declaration.png)
Step 5: Compute Income Tax
![Compute Income Tax Liability Compute Income Tax Liability](https://lenvica.com/wp-content/uploads/2021/11/Compute-Income-Tax.png)
Step 6: Calculation of Tax Liability
View Calculation Summary to find how Tax Liability is calculated from Income Tax
Tax Liability is calculated as Income Tax + Surcharge + Health and education cess. The calculation is the same for old and new regime.
![Income Tax Liability Income Tax Liability](https://lenvica.com/wp-content/uploads/2021/11/Tax-Liability.png)
Surcharge is applicable if the taxable income is more than 50 lakhs. Surcharge is calculated as 10% of income tax if taxable income is between 50 lakhs and 1 Crore and so on as described here.
Health and education cess is calculated as 4% of income tax as described here.
The income tax calculator helps you understand the tax calculation process and also helps you save tax by letting you experiment your investment declarations. The income tax calculator advises you on how to save maximum tax.
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