Income Tax Calculator
Calculate your income tax liability under both Old and New tax regimes for FY 2024-25. Compare regimes, apply deductions under Section 80C, 80D, and more to find the best option.
Old Regime
New Regime
New Regime is better for you. You save ₹1,11,800 compared to the Old Regime.
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Old Regime - Slab Breakdown
| Slab | Rate | Taxable Amount | Tax |
|---|---|---|---|
| Up to ₹2.5L | 0% | ₹2,50,000 | ₹0 |
| ₹2.5L - ₹5L | 5% | ₹2,50,000 | ₹12,500 |
| ₹5L - ₹10L | 20% | ₹4,75,000 | ₹95,000 |
Old vs New Tax Regime
India offers two income tax regimes. The Old Regime allows various deductions and exemptions (Section 80C, 80D, HRA, home loan interest, etc.) but has higher base tax rates. The New Regime (updated in Budget 2025) offers lower tax rates with a higher standard deduction of Rs 75,000, but does not allow most deductions except the standard deduction.
New Regime Slabs (FY 2025-26)
Up to Rs 4L: Nil | Rs 4L-8L: 5% | Rs 8L-12L: 10% | Rs 12L-16L: 15% | Rs 16L-20L: 20% | Rs 20L-24L: 25% | Above Rs 24L: 30%. Full tax rebate under Section 87A if taxable income is up to Rs 12 lakh.
Old Regime Slabs
Up to Rs 2.5L (Rs 3L for seniors, Rs 5L for super seniors): Nil | Rs 2.5L-5L: 5% | Rs 5L-10L: 20% | Above Rs 10L: 30%. Rebate under Section 87A up to Rs 12,500 if taxable income does not exceed Rs 5 lakh.