Calculate your income tax for FY 2024-25 with old and new tax regimes. Free income tax calculator for Indian taxpayers with deductions.
Tax Liability
₹0
Taxable Income
₹0
Effective Tax Rate
0%
How to Use Income Tax Calculator
Select your tax regime (Old or New), enter your annual income, age, and deductions. The calculator will compute your tax liability, tax after deductions, and effective tax rate for FY 2024-25.
Benefits
Calculate income tax for old and new regimes
Compare tax liability under both regimes
Plan tax-saving investments
Understand tax deductions
Optimize your tax planning
Frequently Asked Questions
Old regime allows deductions under Section 80C, 80D, etc., while new regime has lower tax rates but fewer deductions. Choose based on your investments and deductions.
Old regime: 0% up to ₹2.5L, 5% (2.5L-5L), 20% (5L-10L), 30% (above 10L). New regime: 0% up to ₹3L, 5% (3L-7L), 10% (7L-12L), 15% (12L-15L), 20% (15L-20L), 30% (above 20L).
Standard deduction of ₹50,000 is available for salaried employees under both regimes. It reduces taxable income.
Yes, you can choose your tax regime each financial year. Salaried employees need to inform their employer at the beginning of the year.
Section 80C (up to ₹1.5L), 80D (health insurance), 80G (donations), HRA, and other deductions are available under old regime.
No, HRA and most deductions are not available in new regime. Only standard deduction and specific deductions are allowed.