What is the difference between old and new tax regime?

New regime has lower tax rates (0% up to ₹3L, 5% till ₹6L, etc.) but no deductions. Old regime offers deductions under 80C (₹1.5L), 80D (₹25-50K), HRA, home loan interest but higher tax rates.

Which tax regime is better for me?

New regime is better if you have minimal deductions (less than ₹2.5L total). Old regime benefits those with high deductions from 80C, home loans, HRA. Use our calculator to compare both.

What is Section 87A rebate?

Tax rebate for income up to ₹7 lakh (new regime) or ₹5 lakh (old regime). Maximum rebate: ₹25,000 (new) or ₹12,500 (old). Makes tax zero for eligible taxpayers.

What deductions are allowed in old regime?

80C: ₹1.5L (EPF, PPF, ELSS, life insurance), 80D: ₹25-50K (health insurance), 80CCD(1B): ₹50K (NPS), 24(b): ₹2L (home loan interest), HRA, LTA, standard deduction ₹50K.

How is health and education cess calculated?

4% cess applies on total tax plus surcharge. Surcharge: 10% if income >₹50L, 15% if >₹1Cr, 25% if >₹2Cr, 37% if >₹5Cr. Cess is added to final tax liability.

India Income Tax Calculator

Calculate income tax FY 2024-25 - old vs new regime comparison

India Income Tax Calculator

Calculate income tax for FY 2024-25 (AY 2025-26). Compare old vs new tax regime and find which one saves you more money.

Select Tax Regime

Annual Income*

Gross annual salary or total income

Age Category

Tax Slabs FY 2024-25

New Regime

₹0 - ₹3L: 0%
₹3L - ₹6L: 5%
₹6L - ₹9L: 10%
₹9L - ₹12L: 15%
₹12L - ₹15L: 20%
Above ₹15L: 30%

Rebate up to ₹7L income = Zero tax

Old Regime

₹0 - ₹2.5L: 0%
₹2.5L - ₹5L: 5%
₹5L - ₹10L: 20%
Above ₹10L: 30%

+ Deductions: 80C (₹1.5L), 80D (₹25-50K), HRA, Home Loan

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