A. You can use ClearTax calculator to calculate taxes for a given financial year. You just have to select the financial year and your age group from the drop-down menu on ClearTax ITR calculator page. As the next step, you have to mention your taxable salary along with home loan, interest paid, rental income, if any. Enter all your tax saving documents like 80D, 80E, 80C, 80G, 80E and 80TTA. Then, you can calculate your tax liability after exemptions on ClearTax income tax calculator.