Income Tax Calculator

Calculate your income tax based on Indian tax slabs and deductions

Compare Old vs New tax regime and find out which one saves you more money. Includes all major deductions under Section 80C, 80D, HRA, and standard deduction.

Calculate Tax

💡 Tip: Use the regime comparison to see which tax regime is better for your income level and deductions.

Understanding Indian Income Tax

New Tax Regime (FY 2024-25)

  • Up to ₹3,00,000: Nil
  • ₹3,00,001 - ₹6,00,000: 5%
  • ₹6,00,001 - ₹9,00,000: 10%
  • ₹9,00,001 - ₹12,00,000: 15%
  • ₹12,00,001 - ₹15,00,000: 20%
  • Above ₹15,00,000: 30%

Old Tax Regime

  • Up to ₹2,50,000: Nil
  • ₹2,50,001 - ₹5,00,000: 5%
  • ₹5,00,001 - ₹10,00,000: 20%
  • Above ₹10,00,000: 30%
* Plus deductions under 80C, 80D, HRA, etc.

Major Deductions (Old Regime)

  • Section 80C: Up to ₹1,50,000 for PPF, ELSS, life insurance, etc.
  • Section 80D: Medical insurance premiums (₹25,000-₹50,000)
  • HRA: House Rent Allowance exemption based on rent paid
  • Standard Deduction: ₹50,000 for salaried employees

Which Regime to Choose?

  • Choose New Regime if you have minimal deductions
  • Choose Old Regime if you have significant investments and deductions
  • Use the calculator to compare both regimes for your specific situation
  • Consider your long-term financial planning and investment goals

Important Notes

  • This calculator is for informational purposes only. For official tax filing, consult a tax professional.
  • Tax slabs and rates are based on FY 2024-25 and may change in future fiscal years.
  • Health and Education Cess of 4% is applicable on the calculated income tax amount.
  • The new regime is the default regime from FY 2023-24 onwards unless you opt for the old regime.