Tax

Income Tax Calculator 2024-25

Compare Old vs New tax regime for FY 2024-25. Enter your income and deductions to find which regime saves you more tax.

📥 Income & Deductions

₨12,00,000

Deductions (Old Regime Only)

₨1,50,000

Max ₹1,50,000 under 80C

₨25,000
₨0
₨50,000

Additional ₹50,000 deduction beyond 80C

₨0

Max ₹2,00,000 for self-occupied property

📊 Tax Results

New Regime

Tax
+ Cess (4%)
Total Tax
In-Hand/mo

Old Regime

Tax
+ Cess (4%)
Total Tax
In-Hand/mo
Tax You Save (Best Regime)
Effective Tax Rate
Monthly In-Hand
Best Regime
⚠️

Based on FY 2024-25 (AY 2025-26) slabs. Surcharge applies on income above ₹50L. Consult a CA for precise calculation.

Frequently Asked Questions

New vs Old Regime — which to choose?+

New regime is better if your deductions are small (under ₹2–3L). Old regime is better if you have large 80C, HRA, and home loan deductions. This calculator compares both automatically.

What is the standard deduction in 2024-25?+

Old regime: ₹50,000. New regime: ₹75,000 (increased in Budget 2024). This is automatically applied in the calculation.

What is rebate under Section 87A?+

Old regime: Full tax rebate if taxable income ≤ ₹5L. New regime: Full rebate if taxable income ≤ ₹7L. This means zero tax for incomes up to these levels.