About Income Tax Calculator
Our Income Tax Calculator compares tax under India's Old and New regimes for FY 2024-25. Add salary, other income, and deductions (80C, 80D, HRA, NPS, home loan interest) to see which regime saves more—with slab-wise breakdown, charts, and in-hand salary estimate.
Income Tax Calculation
Use these standard formulas for accurate estimates:
Slab tax
Rebate u/s 87A
Final tax
Example Calculation
Example: ₹10,00,000 gross, ₹1.5L under 80C (Old)
| Component | Value |
|---|---|
| Gross income | ₹10,00,000 |
| Taxable (Old, after deductions) | Varies by deductions |
| Compare | New vs Old regime totals |
Benefits of Using This Calculator
Instant results with standard financial formulas
Clear charts and tables for better decisions
Mobile-friendly — works on any device
100% free — no signup or data stored on servers
Built for Indian investors and taxpayers
Compare scenarios side-by-side where applicable
Frequently Asked Questions
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The New regime has lower slab rates but fewer deductions. The Old regime allows deductions like 80C, 80D, and HRA but generally has higher rates on mid incomes.
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It depends on total deductions. High deductions often favour Old regime; minimal deductions may favour New regime. Use the calculator with your actual figures.
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Yes. The calculator applies surcharge for high incomes and 4% health & education cess on tax plus surcharge.
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Slabs and standard deductions reflect FY 2024-25 (AY 2025-26). Update when Finance Act changes rates.
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Conclusion
Choosing between Old and New tax regime depends on your deductions and income level. Use this calculator for planning—file returns with a CA for complex cases involving capital gains, multiple employers, or international income.