Income Tax Calculator FY 2024-25
Calculate income tax with old vs new regime comparison. See which regime saves you more based on your income and deductions.
Income & Deductions
₹
Salary + other income (before deductions)₹
EPF, PPF, ELSS, Insurance (max ₹1.5L)₹
80D health insurance, 80E education loan, etc.₹
House Rent Allowance received per year₹
Annual rent paid (for HRA exemption calculation)See which regime is better for you
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Enter your income to calculate tax
Income Tax Slabs FY 2024-25
Old Tax Regime (with Deductions)
| Income Range | Tax Rate |
|---|---|
| Up to ₹2.5 lakh | Nil |
| ₹2.5L - ₹5L | 5% |
| ₹5L - ₹10L | 20% |
| Above ₹10L | 30% |
+ 4% Health & Education Cess on total tax
New Tax Regime (Lower Rates, No Deductions)
| Income Range | Tax Rate |
|---|---|
| Up to ₹3 lakh | Nil |
| ₹3L - ₹7L | 5% |
| ₹7L - ₹10L | 10% |
| ₹10L - ₹12L | 15% |
| ₹12L - ₹15L | 20% |
| Above ₹15L | 30% |
+ 4% Health & Education Cess | No tax up to ₹7L (Rebate 87A)
Available Deductions (Old Regime Only)
- Standard Deduction: ₹50,000 (for salaried)
- 80C: ₹1.5 lakh (EPF, PPF, ELSS, Insurance, Tuition fees)
- 80D: ₹25K health insurance (₹50K for senior citizens)
- 80E: Full interest on education loan
- 80G: 50-100% of donations
- HRA: Exemption on house rent (if rent paid)
Old vs New: Which to Choose?
| Scenario | Better Regime |
|---|---|
| High deductions (>₹2L) | Old |
| Paying house rent (HRA) | Old |
| Low deductions (<₹1L) | New |
| Income ₹7-12L, no investments | New |
| Want simple filing | New |