Income Tax Calculator 2024-25

Calculate your Income Tax for FY 2024-25 (AY 2025-26) - Compare Old vs New Regime

Income & Deductions

Tax Summary

Gross Income: ₹ 0
Total Deductions: - ₹ 0
Taxable Income: ₹ 0
Income Tax: ₹ 0
Cess (4%): ₹ 0
Total Tax Payable: ₹ 0
Net Income (Take Home): ₹ 0

New Tax Regime (FY 2024-25)

  • ₹0 - ₹3,00,000: 0%
  • ₹3,00,001 - ₹6,00,000: 5%
  • ₹6,00,001 - ₹9,00,000: 10%
  • ₹9,00,001 - ₹12,00,000: 15%
  • ₹12,00,001 - ₹15,00,000: 20%
  • Above ₹15,00,000: 30%
  • * No deductions except standard deduction

Old Tax Regime

  • ₹0 - ₹2,50,000: 0%
  • ₹2,50,001 - ₹5,00,000: 5%
  • ₹5,00,001 - ₹10,00,000: 20%
  • Above ₹10,00,000: 30%
  • * All deductions available (80C, 80D, HRA, etc.)
  • * Higher exemption for senior citizens

Popular Deductions Under Old Regime

Section 80C (Max ₹1.5 lakh)

  • Employee Provident Fund (EPF)
  • Public Provident Fund (PPF)
  • Life Insurance Premium (LIC)
  • ELSS Mutual Funds
  • National Savings Certificate (NSC)
  • Tuition Fees (Max 2 children)

Other Deductions

  • 80D: Health Insurance (₹25k/50k)
  • 80E: Education Loan Interest
  • 80G: Donations to Charity
  • HRA: House Rent Allowance
  • LTA: Leave Travel Allowance
  • Standard Deduction: ₹50,000