Income Tax Calculator
Estimate your income tax under India's new tax regime for FY 2024-25 (AY 2025-26). Enter your annual income to see your taxable income, the tax on each slab, the Section 87A rebate, 4% cess and your final tax payable.
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India new tax regime, FY 2024-25 (AY 2025-26). Old regime, surcharge on very high incomes and specific deductions are not included. Verify with the official Income Tax portal.
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Save ⟶How to use the Income Tax Calculator
- 1Enter your gross annual income.
- 2Tick “salaried” to apply the ₹75,000 standard deduction available under the new regime.
- 3Read your taxable income, slab-wise tax, rebate and final tax payable.
- 4Compare scenarios by changing the income to plan deductions and investments.
How income tax is calculated under the new regime
India's new tax regime (the default from FY 2023-24) uses these slabs for FY 2024-25: nil up to ₹3 lakh, 5% from ₹3–7 lakh, 10% from ₹7–10 lakh, 15% from ₹10–12 lakh, 20% from ₹12–15 lakh and 30% above ₹15 lakh. Tax is charged slab by slab, not on your whole income at the top rate.
Salaried taxpayers get a ₹75,000 standard deduction under the new regime. A Section 87A rebate makes tax fully nil if your taxable income is ₹7 lakh or less. A 4% health and education cess is added on top of the computed tax.
New regime vs. old regime
The new regime has lower rates but removes most deductions (80C, HRA, home loan interest and so on). The old regime keeps those deductions but at higher rates. Which is cheaper depends on how much you can legitimately deduct — broadly, the more deductions you claim, the more attractive the old regime becomes.
Use this estimate as a starting point, then compare both regimes on the official Income Tax Department calculator before filing.
Frequently Asked Questions
▸What is the income tax slab for FY 2024-25?
Under the new regime: nil up to ₹3 lakh, 5% (₹3–7L), 10% (₹7–10L), 15% (₹10–12L), 20% (₹12–15L) and 30% above ₹15 lakh, plus 4% cess.
▸Is income up to ₹7 lakh tax-free?
Yes — under the new regime, the Section 87A rebate makes tax nil if taxable income is ₹7 lakh or less. With the ₹75,000 standard deduction, salaried individuals can earn up to ₹7.75 lakh tax-free.
▸Does this include the old regime?
No, this calculator estimates the new (default) regime. The old regime depends heavily on individual deductions; compare both on the official portal.