Income Tax Calculator

Calculate income tax with old and new tax regime support

Total tax payable

₹0

slab_name	slab_range	tax_rate	taxable_amount	tax_amount
Exempt	0 - 4,00,000	0	4,00,000	0
5% Slab	4,00,000 - 8,00,000	5	4,00,000	20,000
10% Slab	8,00,000 - 12,00,000	10	3,25,000	32,500

What this calculator does

Calculate income tax under both new default regime and old regime. Compare which regime is better for your income and deductions.

New regime is default from AY 2024-25; must explicitly opt for old regime
New regime: Lower rates, ₹75,000 standard deduction, but no other deductions
Old regime: Higher rates but allows 80C, 80D, HRA, home loan interest deductions
Surcharge capped at 25% in new regime (no cap in old regime)
Health & Education cess: 4% on (tax + surcharge) in both regimes

Tax and compliance notes

New Regime: Slabs simplified, standard deduction allowed, most exemptions removed
Old Regime: Retain 80C (₹1.5L), 80D, HRA, LTA, home loan interest deductions
Section 87A rebate: New regime up to ₹7L, Old regime up to ₹5L
Can switch between regimes yearly (business income has restrictions)
TDS rates remain same for both regimes

New Tax Regime (Default) - AY 2025-26
0% up to ₹3L, 5% (₹3-7L), 10% (₹7-10L), 15% (₹10-12L), 20% (₹12-15L), 30% (>₹15L)
Source: Finance Act 2024
New Regime - Standard Deduction
₹75,000 for salaried/pensioners
Source: Budget 2024
Rebate u/s 87A (New Regime)
Up to ₹7,00,000 (with marginal relief)
Source: Budget 2024

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