Calculate your income tax instantly
Adjust your salary and investment sliders below to instantly compare your tax liability under the Old and New Tax Regimes. The calculator applies correct FY 2024-25 slab rates, standard deduction, Section 87A rebate, and 4% Health & Education Cess.
- Gross income—
- Standard deduction−₹50,000
- 80C + NPS + HRA + 80D + 24(b)—
- Taxable income—
- Base tax—
- 87A rebate—
- Total tax (+ 4% cess)—
- Gross income—
- Standard deduction−₹75,000
- Taxable income—
- Base tax—
- 87A rebate (≤₹7L)—
- Total tax (+ 4% cess)—
Income Tax Slabs
For resident individuals below 60 years of age. A 4% Health & Education Cess applies on the final tax liability in both regimes. Section 87A rebate available for taxable income up to ₹5L (old) and ₹7L (new).
| Income range | Tax rate | Tax on slab |
|---|---|---|
| Up to ₹2,50,000 | Nil | ₹0 |
| ₹2,50,001 – ₹5,00,000 | 5% | ₹12,500 |
| ₹5,00,001 – ₹10,00,000 | 20% | ₹1,00,000 |
| Above ₹10,00,000 | 30% | 30% on excess |
87A rebate: full rebate if taxable income ≤ ₹5,00,000 (max ₹12,500)
| Income range | Tax rate | Tax on slab |
|---|---|---|
| Up to ₹4,00,000 | Nil | ₹0 |
| ₹4,00,001 – ₹8,00,000 | 5% | ₹20,000 |
| ₹8,00,001 – ₹12,00,000 | 10% | ₹40,000 |
| ₹12,00,001 – ₹16,00,000 | 15% | ₹60,000 |
| ₹16,00,001 – ₹20,00,000 | 20% | ₹80,000 |
| ₹20,00,001 – ₹24,00,000 | 25% | ₹1,00,000 |
| Above ₹24,00,000 | 30% | 30% on excess |
87A rebate: full rebate if taxable income ≤ ₹7,00,000
Tax Deductions Guide
The Old Regime allows a wide range of deductions to reduce your taxable income. The New Regime allows only Standard Deduction (₹75,000) and employer's NPS contribution. Plan your investments accordingly.
Salary & mandatory deductions
Investment deductions (Section 80C & related)
Allowances & housing
Insurance & medical
Loans, education & others
Tax Calculator — FAQs
Everything you need to know about comparing Old vs New Tax Regime for FY 2024-25. These are the most searched tax questions from salaried employees in India.