🧾 Tax
Income Tax Calculator
Calculate your income tax for FY 2024-25 under both the new and old tax regime. Enter your income and deductions to see which regime saves you more tax.
Income & Deductions (FY 2024-25)
₹0₹50L
OLD REGIME DEDUCTIONS
₹0₹1.5L
₹0₹5L
₹0₹2L
₹0₹1L
₹0₹5L
Recommended Regime
New Regime
saves more tax
Tax — Old Regime--
Tax — New Regime--
You Save (better regime)--
Effective Tax Rate--
Old vs New Regime Tax
Old Regime
New Regime
Old Regime Breakdown
Gross Income--
Standard Deduction₹50,000
Total Deductions--
Taxable Income--
Tax Slabs FY 2024-25
NEW REGIME (Default): ₹0-3L: 0% | ₹3-7L: 5% | ₹7-10L: 10% | ₹10-12L: 15% | ₹12-15L: 20% | Above ₹15L: 30%
Rebate u/s 87A: Full tax rebate if taxable income ≤ ₹7L. Standard deduction: ₹75,000
OLD REGIME: ₹0-2.5L: 0% | ₹2.5-5L: 5% | ₹5-10L: 20% | Above ₹10L: 30%
Rebate u/s 87A: Full rebate if taxable income ≤ ₹5L. Standard deduction: ₹50,000
4% Health & Education Cess on all tax amounts.
Rebate u/s 87A: Full tax rebate if taxable income ≤ ₹7L. Standard deduction: ₹75,000
OLD REGIME: ₹0-2.5L: 0% | ₹2.5-5L: 5% | ₹5-10L: 20% | Above ₹10L: 30%
Rebate u/s 87A: Full rebate if taxable income ≤ ₹5L. Standard deduction: ₹50,000
4% Health & Education Cess on all tax amounts.
Frequently Asked Questions
New regime is better if you have few deductions. Old regime is better if your total deductions (80C+HRA+80D+Home loan interest+others) exceed roughly ₹3.75L for income above ₹10L. Use this calculator to compare your specific situation.
Standard deduction is a flat deduction available to all salaried individuals without proof. Old regime: ₹50,000. New regime: ₹75,000 (from FY 2024-25 onwards as per Budget 2024).
If your taxable income doesn't exceed ₹7L (new regime) or ₹5L (old regime), you get a full tax rebate — meaning zero tax payable. Under new regime, income up to ₹7L effectively has zero tax.