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Income Tax Calculator 2024-25

Calculate tax under both Old & New regime with deductions

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New Tax Regime
  • Standard Deduction of ₹50,000
  • No other deductions available
  • Lower tax rates
  • Simple calculation
Old Tax Regime
  • Standard Deduction of ₹50,000
  • Multiple deductions under 80C, HRA, etc.
  • Higher tax rates
  • Better for those with high deductions

Income Tax Calculator

Basic Details
Residential Status
Income Details
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Section 80C (Max: ₹1,50,000)
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Other Deductions
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New Tax Regime Slabs
Income Range Tax Rate
Up to ₹3,00,000 Nil
₹3,00,001 to ₹6,00,000 5%
₹6,00,001 to ₹9,00,000 10%
₹9,00,001 to ₹12,00,000 15%
₹12,00,001 to ₹15,00,000 20%
Above ₹15,00,000 30%
Old Tax Regime Slabs
Income Range Tax Rate
Up to ₹2,50,000 Nil
₹2,50,001 to ₹5,00,000 5%
₹5,00,001 to ₹10,00,000 20%
Above ₹10,00,000 30%
Frequently Asked Questions

The choice between old and new tax regimes depends on your income and investments. The old regime might be better if you have significant investments and can claim deductions. The new regime might be better if you prefer simplicity and don't have many deductions to claim.

Section 80C allows deductions up to ₹1.5 lakhs for investments in specified instruments like EPF, PPF, ELSS, Life Insurance premiums, etc. This deduction is only available under the old tax regime.

HRA exemption is the minimum of:
  • Actual HRA received
  • 50% of basic salary for metro cities (40% for non-metro)
  • Actual rent paid minus 10% of basic salary