Income Tax Calculator India – FY 2024-25
Calculate your income tax liability under Old and New Regime with detailed slab-wise breakdown and regime comparison
Calculate Your Income Tax
| Component | Amount (₹) |
|---|
New Regime Tax
Old Regime Tax
How to Use the Income Tax Calculator
Select Tax Regime
Choose between Old Regime or New Regime by clicking the respective tab.
Enter Your Income
Enter your gross annual salary or total income in Indian Rupees.
Enter Deductions
Fill in applicable deductions like 80C, 80D, HRA exemption, and standard deduction.
Click Calculate
Press the Calculate Tax button to compute your tax liability instantly.
Review Breakdown
View the detailed slab-wise breakdown and compare both regimes side by side.
Key Features of This Income Tax Calculator
Dual Regime Comparison
Instantly compare tax under Old and New Regime to find which saves more.
Slab-Wise Breakdown
See exactly how much tax falls in each slab for complete transparency.
Section 87A Rebate
Automatic rebate application under Section 87A for eligible incomes.
Age-Based Slabs
Supports Senior and Super Senior Citizen slabs under Old Regime.
Comprehensive Deductions
Supports 80C, 80D, HRA, NPS, and other common deductions.
100% Private
All calculations run in your browser. No data is stored or transmitted.
Income Tax Slabs for FY 2024-25
New Regime Tax Slabs (Default)
The New Tax Regime under Section 115BAC offers lower rates with a standard deduction of ₹75,000. Rebate under 87A is available for taxable income up to ₹7,00,000.
| Income Range | Tax Rate |
|---|---|
| Up to ₹3,00,000 | Nil |
| ₹3,00,001 – ₹7,00,000 | 5% |
| ₹7,00,001 – ₹10,00,000 | 10% |
| ₹10,00,001 – ₹12,00,000 | 15% |
| ₹12,00,001 – ₹15,00,000 | 20% |
| Above ₹15,00,000 | 30% |
Old Regime Tax Slabs (Below 60 years)
The Old Regime allows deductions under Section 80C, 80D, HRA, and more. Standard deduction is ₹50,000. Rebate under 87A applies for taxable income up to ₹5,00,000.
| Income Range | Tax Rate |
|---|---|
| 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% |
A 4% Health and Education Cess is added on the total tax (including surcharge if applicable). Surcharge applies for incomes above ₹50 lakhs.
Practical Income Tax Calculation Examples
Example 1: IT Professional in Bengaluru
Gross Income: ₹12,00,000 | Regime: New Regime
Standard Deduction: ₹75,000 | Taxable Income: ₹11,25,000
Tax Calculation: 0 + ₹20,000 (5% on ₹4L) + ₹30,000 (10% on ₹3L) + ₹18,750 (15% on ₹1.25L) = ₹68,750
Cess (4%): ₹2,750 | Total Tax: ₹71,500
Example 2: Government Employee in Delhi (Old Regime)
Gross Income: ₹8,50,000 | 80C: ₹1,50,000 | 80D: ₹25,000 | Standard Deduction: ₹50,000
Taxable Income: ₹8,50,000 – ₹2,25,000 = ₹6,25,000
Tax: ₹12,500 (5% on ₹2.5L) + ₹25,000 (20% on ₹1.25L) = ₹37,500
Cess (4%): ₹1,500 | Total Tax: ₹39,000
Example 3: Freelancer in London with Indian Income
Gross Income: ₹20,00,000 | Regime: New Regime
Standard Deduction: ₹75,000 | Taxable Income: ₹19,25,000
Tax: 0 + ₹20,000 + ₹30,000 + ₹30,000 + ₹60,000 + ₹1,27,500 = ₹2,67,500
Cess (4%): ₹10,700 | Total Tax: ₹2,78,200
Example 4: Teacher in Mumbai (Senior Citizen, Old Regime)
Gross Income: ₹6,00,000 | Age: 65 years | 80C: ₹1,00,000 | Standard Deduction: ₹50,000
Taxable Income: ₹6,00,000 – ₹1,50,000 = ₹4,50,000
Tax: ₹10,000 (5% on ₹1.5L after ₹3L exemption) — Rebate 87A applies as income ≤ ₹5L
Total Tax: ₹0 (fully rebated)
What Is an Income Tax Calculator?
An income tax calculator is a tool that helps you estimate your tax liability based on your total income, applicable deductions, and the chosen tax regime. In India, taxpayers can choose between the Old Regime and the New Regime introduced under Section 115BAC of the Income Tax Act.
Understanding your tax liability in advance helps you plan investments, optimize deductions, and avoid last-minute surprises during ITR filing season. This is especially important for salaried employees, self-employed professionals, and freelancers who need to estimate advance tax payments.
The calculator uses the latest FY 2024-25 tax slabs approved by the Government of India, including updated standard deduction limits, rebate thresholds, and cess rates. It automatically applies Section 87A rebate where eligible and includes surcharge calculations for higher incomes.
Whether you are a software engineer in Hyderabad, a doctor in Chennai, or a consultant working remotely for international clients, this tool gives you accurate estimates within seconds.
📖 Learn More About Income Tax Calculation
Read our detailed guide covering tax-saving strategies, regime comparison tips, and deduction optimization for FY 2024-25.
Read the Full Guide →Frequently Asked Questions
Is this tool free to use?
Which financial year does this calculator support?
What is the difference between Old and New Tax Regime?
Does this calculator include cess?
Can I compare Old and New Regime results?
Is my data safe when using this calculator?
Does this calculator support surcharge?
Can NRIs use this calculator?
What deductions are supported under Old Regime?
Is rebate under Section 87A applied automatically?
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