🧾 Income Tax Calculator India
Calculate your income tax for FY 2024-25 (AY 2025-26) under both Old and New Tax Regime. Compare and choose the regime that saves you more tax.
Tax Calculator FY 2024-25
OLD REGIME
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Tax Payable
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Take Home (Annual)
NEW REGIME
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Tax Payable
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Take Home (Annual)
Tax Slab Rates FY 2024-25
Old Regime
| Income Range | Rate |
|---|---|
| Up to ₹2.5L | 0% |
| ₹2.5L – ₹5L | 5% |
| ₹5L – ₹10L | 20% |
| Above ₹10L | 30% |
New Regime (Default)
| Income Range | Rate |
|---|---|
| Up to ₹3L | 0% |
| ₹3L – ₹7L | 5% |
| ₹7L – ₹10L | 10% |
| ₹10L – ₹12L | 15% |
| ₹12L – ₹15L | 20% |
| Above ₹15L | 30% |
*4% Health & Education Cess added on tax. Standard deduction ₹50,000 applicable in both regimes. New regime is default from FY 2023-24.
Frequently Asked Questions
Which tax regime is better — Old or New?
New regime is better if your deductions (80C, HRA, home loan etc.) are below ₹3.75 lakh. Old regime is better if you have significant deductions. Use our calculator above to compare both for your specific income and deductions.
What is the tax-free income limit in India?
Under the new regime, income up to ₹7 lakh is effectively tax-free due to the rebate under Section 87A. Under the old regime, the basic exemption is ₹2.5 lakh (₹3L for senior citizens, ₹5L for super senior citizens).
What deductions are allowed in the new tax regime?
The new regime allows very few deductions — standard deduction of ₹50,000 (for salaried), employer contribution to NPS, and some others. Most popular deductions like 80C, HRA, 80D (medical insurance) are not available in the new regime.