Income Tax Calculator India

Calculate your income tax for FY 2024-25. Compare new vs old tax regime, add deductions, and see your exact tax liability instantly.

Income Details
Rs.
Rs. 1 LakhRs. 1 Crore

New Regime - Lower rates, fewer deductions

OldNew

Total Tax Payable

₹44,200

Monthly: ₹3,683

Tax Calculation Breakdown
Gross Income₹10,00,000
(-) Total Deductions₹75,000
Taxable Income₹9,25,000
Tax Before Cess₹42,500
(+) Health & Education Cess (4%)₹1,700
Total Tax₹44,200

Effective Tax Rate

4.42%

Regime Comparison

New Regime

₹44,200

Effective: 4.42%

Old Regime

₹70,200

Effective: 7.02%

New Regime saves you ₹26,000
New Regime Tax Slabs (FY 2024-25)
Up to Rs. 3,00,000Nil
Rs. 3,00,001 - Rs. 7,00,0005%
Rs. 7,00,001 - Rs. 10,00,00010%
Rs. 10,00,001 - Rs. 12,00,00015%
Rs. 12,00,001 - Rs. 15,00,00020%
Above Rs. 15,00,00030%

Standard deduction: Rs. 75,000. Rebate up to Rs. 7 lakh income.

Old Regime Tax Slabs (FY 2024-25)
Up to Rs. 2,50,000Nil
Rs. 2,50,001 - Rs. 5,00,0005%
Rs. 5,00,001 - Rs. 10,00,00020%
Above Rs. 10,00,00030%

Standard deduction: Rs. 50,000. 80C, 80D, HRA exemptions available.

Features

  • Calculate tax under new regime (FY 2024-25)

  • Calculate tax under old regime with deductions

  • Compare both regimes side-by-side

  • Section 80C, 80D, HRA deductions support

  • Home loan interest (Section 24) calculation

  • NPS contribution (Section 80CCD) support

  • Automatic rebate calculation (Section 87A)

  • Health & Education Cess (4%) included

  • Effective tax rate calculation

  • Instant recommendation on better regime

Perfect For

Salaried Employees

Calculate tax liability and choose the optimal tax regime for your salary.

Tax Planning

Plan investments in 80C, 80D to minimize tax under old regime.

Regime Comparison

Compare new vs old regime to make an informed decision for the financial year.

ITR Filing

Estimate your tax liability before filing income tax returns.

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Income Tax Calculator - Frequently Asked Questions

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