The Income Tax Calculator helps Indian taxpayers calculate their tax liability under both Old and New Tax Regime for FY 2024-25. Know exactly how much tax you owe!
| Income Range | Tax Rate |
|---|---|
| Up to ₹4,00,000 | Nil |
| ₹4L – ₹8L | 5% |
| ₹8L – ₹12L | 10% |
| ₹12L – ₹16L | 15% |
| ₹16L – ₹20L | 20% |
| ₹20L – ₹24L | 25% |
| Above ₹24L | 30% |
✅ Standard Deduction: ₹75,000 for salaried employees
✅ Rebate u/s 87A: Income up to ₹12L effectively tax-free in new regime
Income tax is calculated by applying the tax slab rates to your taxable income after deductions. The calculator estimates this under the applicable regime to give your approximate liability.
The old regime offers more deductions and exemptions, while the new regime has lower slab rates but fewer deductions. The better choice depends on your income and eligible deductions.
No. The results are estimates for guidance only and tax rules change each financial year. Always verify with the latest official rates or a tax professional before filing.