Income Tax Calculator

Compare tax liability under Old vs New Regime (FY 2024-25).

Applicable only for Old Regime.

Old Regime

Taxable Income (approx) ₹
Total Tax (inc. Cess) ₹

New Regime

Taxable Income (approx) ₹
Total Tax (inc. Cess) ₹

How to Use Income Tax Calculator?

  1. Enter Annual Salary: Input your total annual income (Gross Salary) before any deductions.
  2. Enter Deductions: sum up your investments (LIC, PPF, 80C) and expenses (HRA, Home Loan Interest) for the Old Regime.
  3. Compare Regimes: The tool automatically calculates tax for both Old and New Tax Regimes side-by-side.
  4. Decide: Choose the regime that offers you the lower tax liability.

New Regime Tip

The New Tax Regime (FY 24-25) offers lower tax rates but fewer deductions. A Standard Deduction of ₹75,000 is automatically applied in our calculator for the New Regime.

Frequently Asked Questions

It depends on your investments. Generally, if your total deductions (80C, HRA, etc.) exceed ₹3.75 - ₹4 Lakhs, the Old Regime might save you more tax. Otherwise, the New Regime is often beneficial and simpler.
Yes! As per the latest Budget (FY 2024-25), the Standard Deduction for salaried employees in the New Regime has been increased to ₹75,000.
It's a tax relief. In the New Regime, if your taxable income is up to ₹7 Lakhs, you pay ZERO tax. In the Old Regime, this limit is ₹5 Lakhs.