Income Tax Calculator
Estimate tax liabilities for Old vs New Regime (FY 2024-25).
Note: Old regime calculation assumes 0 deductions here.
Income Tax is a direct tax paid to the government on your annual income. The New Tax Regime offers lower tax rates but fewer deductions, while the Old Tax Regime allows claiming exemptions like HRA, 80C, etc.
New Regime Slabs (FY 2024-25)
| Income Slabs | Tax Rate |
|---|---|
| 0 - 3 Lakh | Nil |
| 3 - 7 Lakh | 5% |
| 7 - 10 Lakh | 10% |
| 10 - 12 Lakh | 15% |
| 12 - 15 Lakh | 20% |
| Above 15 Lakh | 30% |
Standard Deduction: ₹75,000 for salaried employees in New Regime.