Income tax is a direct tax that governments impose on income generated by businesses and individuals within their jurisdiction.
Enter your total annual income, any applicable deductions, and the estimated tax rate percentage. Click "Calculate Tax" to see your estimated liability.
Deductions are expenses that can be subtracted from your gross income to reduce the amount of income that is subject to taxation.
Taxable Income is calculated by subtracting allowed deductions and exemptions from your Gross Annual Income.
Tax rates vary significantly by country and income bracket. Please refer to your local tax authority's guidelines for the correct rate.