📊 Tax Calculator

Income Details

Gross Annual Salary (₹)

Other Income (₹)

Deductions (Old Regime Only)

Section 80C (₹, max ₹1,50,000)

HRA Exemption (₹)

NPS 80CCD(1B) (₹, max ₹50,000)

Health Insurance 80D (₹)

Home Loan Interest 24b (₹)

📈 Tax Comparison

FY 2024-25 | AY 2025-26 | Including 4% Health & Education Cess

Old Regime Tax

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New Regime Tax

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Old Taxable Income

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New Taxable Income

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Old Regime Net Take-Home

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New Regime Net Take-Home

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Income Breakdown (New)

Tax Comparison

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Enter salary details and click Calculate Tax

Tax Slab

FY 2024-25 Tax Slabs

Old Regime

Income Slab	Rate
Up to ₹2.5L	Nil
₹2.5L – ₹5L	5%
₹5L – ₹10L	20%
Above ₹10L	30%

Standard deduction: ₹50,000 | Rebate u/s 87A up to ₹5L income

New Regime (Default)

Income Slab	Rate
Up to ₹3L	Nil
₹3L – ₹7L	5%
₹7L – ₹10L	10%
₹10L – ₹12L	15%
₹12L – ₹15L	20%
Above ₹15L	30%

Standard deduction: ₹75,000 | Rebate u/s 87A up to ₹7L income

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Standard Deduction

New regime allows ₹75,000 standard deduction (increased in Budget 2024), while old regime allows ₹50,000.

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Section 80C

Old regime allows up to ₹1.5L deduction for investments in PPF, ELSS, NSC, home loan principal, children's tuition, etc.

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Health & Cess

4% Health & Education Cess applies on income tax + surcharge. Surcharge applies for income above ₹50 lakhs.

FAQ

Frequently Asked Questions

Common questions about TAX calculations

Which tax regime is better for me?

The new regime is generally better if your deductions are low (less than ₹2.5L typically). If you have significant 80C investments, HRA, home loan interest, the old regime may save more tax. Use this calculator to compare both and choose the lower tax option.

What is the rebate under Section 87A?

Under old regime, you get a full rebate (up to ₹12,500) if your net taxable income doesn't exceed ₹5 lakhs. Under new regime (FY 2024-25), if your income is up to ₹7 lakhs, the entire tax liability is waived via 87A rebate.

Can I switch between old and new regime every year?

Salaried employees can switch between regimes every year. However, if you have business income, you can only switch once in a lifetime. For salaried employees, the new regime is now the default — you need to opt out if you prefer the old regime.

Is this calculator accurate for FY 2024-25?

This calculator reflects the tax slabs and rates announced in Union Budget 2024 for FY 2024-25 (AY 2025-26). It includes the revised standard deduction of ₹75,000 for new regime. For complex cases (surcharge, business income, capital gains), consult a tax professional.

🧾 Income Tax Calculator

FY 2024-25 Tax Slabs

Standard Deduction

Section 80C

Health & Cess

Frequently Asked Questions

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