Tax Calculator 2025
Calculate your income tax, deductions, and take-home salary for USA and India. Get detailed tax breakdown with current tax brackets and rates for 2025.
Tax Breakdown
Tax Brackets 2025
Tax Planning Strategies
Maximize Retirement Contributions
Contribute to 401(k), IRA, or other retirement accounts to reduce taxable income and save for the future.
Health Savings Account
HSA contributions are tax-deductible and withdrawals for medical expenses are tax-free.
Charitable Giving
Donations to qualified charities can provide valuable tax deductions when itemizing.
Tax-Loss Harvesting
Offset capital gains with capital losses to reduce your overall tax liability.
Understanding Tax Calculations
How Tax Brackets Work
Tax brackets are progressive, meaning you pay different rates on different portions of your income. You don't pay the highest rate on your entire income - only on the amount that falls within each bracket.
Standard vs Itemized Deductions
You can choose between the standard deduction (a fixed amount) or itemizing deductions (listing specific expenses like mortgage interest, charitable donations, etc.). Choose whichever gives you the larger deduction.
Effective vs Marginal Tax Rate
Your marginal tax rate is the rate on your last dollar of income. Your effective tax rate is your total tax divided by your total income - this is typically lower than your marginal rate.