Tax Calculator

Calculate your income tax for FY 2024-25 and compare old vs new tax regime to optimize your tax planning

Tax Calculator

Calculate income tax for FY 2024-25

₹8.00 L
₹2.00 L₹50.00 L

Tax Calculation

Taxable Income₹0
Tax Amount₹0
Take Home₹0
Effective Tax Rate0.00%

New vs Old Tax Regime

The Indian tax system offers two options: the old regime with deductions and the new regime with lower tax rates but limited deductions. Choose the regime that works best for your financial situation.

New Tax Regime (FY 2024-25)

₹0 - ₹3,00,0000%
₹3,00,001 - ₹6,00,0005%
₹6,00,001 - ₹9,00,00010%
₹9,00,001 - ₹12,00,00015%
₹12,00,001 - ₹15,00,00020%
Above ₹15,00,00030%

Tax Saving Options

Old Regime Deductions

  • Section 80C (PPF, ELSS, EPF)₹1,50,000
  • Section 80D (Health Insurance)₹25,000-₹75,000
  • HRA (House Rent Allowance)50% of salary
  • Section 24 (Home Loan Interest)₹2,00,000

Which Regime to Choose?

Choose Old Regime if:

  • • You have significant deductions (₹2L+)
  • • You pay home loan EMI
  • • You claim HRA

Choose New Regime if:

  • • You have minimal deductions
  • • You want simpler tax filing
  • • You prefer lower tax rates