Income Tax Calculator
Calculate income tax for FY 2024-25 with our comprehensive tax calculator. Compare new vs old tax regime and optimize your tax planning.
Calculate Income Tax
Understanding Income Tax in India
New Tax Regime (Default)
The new tax regime offers lower tax rates but removes most deductions and exemptions. It's the default option from FY 2023-24.
- • Lower tax rates across all income slabs
- • No deductions under Section 80C, 80D, etc.
- • No standard deduction
- • No HRA exemption
- • No LTA exemption
Old Tax Regime (Optional)
The old tax regime allows various deductions and exemptions but has higher tax rates. You can opt for this regime during filing.
- • Higher tax rates
- • Section 80C deductions (EPF, ELSS, etc.)
- • Section 80D (Health insurance)
- • Standard deduction of ₹50,000
- • HRA and LTA exemptions