Income Tax Calculator (FY 2024-25 & FY 2025-26)

Compare New Tax Regime (Section 115BAC) and Old Tax Regime to identify your maximum tax savings.

Maximum Tax EfficiencyNew Tax Regime (Section 115BAC) is More Beneficial

You save ₹29,900 in taxes

Our Chartered Accountants can optimize salary restructuring, Section 80 deductions, and foreign tax credits to lower your tax liability even further.

Income & Deductions

Gross Annual Income / CTC

₹

Old Regime Deductions (Chapter VI-A)

Section 80C (PPF, EPF, ELSS, LIC)Max limit: ₹1,50,000

Section 80D (Health Insurance)Self + Senior Parents

Section 80CCD(1B) (NPS)Additional NPS limit: ₹50,000

Section 24(b) (Home Loan Interest)Self-occupied max: ₹2,00,000

Section 10(13A) (HRA Exemption Claim)Exempt rent allowance under Rule 2A

New Tax RegimeSaves ₹29,900

Total Tax Payable

₹71,500

Standard Deduction:₹75,000

Taxable Income:₹11,25,000

Section 87A Rebate:- ₹0

Health & Edu Cess (4%):₹2,750

Old Tax Regime

Total Tax Payable

₹1,01,400

Total Deductions:₹2,75,000

Taxable Income:₹9,25,000

Section 87A Rebate:- ₹0

Health & Edu Cess (4%):₹3,900

Key Rule under Budget 2024 / 2025:

In the New Tax Regime, salaried taxpayers enjoy an increased Standard Deduction of ₹75,000 and full tax rebate under Section 87A up to taxable income of ₹7,00,000 (meaning zero tax up to ₹7.75 Lakhs gross income).

Income Tax Slabs in India (FY 2024-25 & FY 2025-26)

Individual taxpayers can choose between the default New Tax Regime (Section 115BAC) featuring concessional tax slabs without Chapter VI-A deductions, and the Old Tax Regime which allows deductions under Sections 80C, 80D, 24(b), and HRA.

New Tax Regime Slabs (Default)

• Up to ₹3,00,000 : Nil
• ₹3,00,001 - ₹7,00,000 : 5%
• ₹7,00,001 - ₹10,00,000 : 10%
• ₹10,00,001 - ₹12,00,000 : 15%
• ₹12,00,001 - ₹15,00,000 : 20%
• Above ₹15,00,000 : 30%

Old Tax Regime Slabs

• Up to ₹2,50,000 : Nil
• ₹2,50,001 - ₹5,00,000 : 5%
• ₹5,00,001 - ₹10,00,000 : 20%
• Above ₹10,00,000 : 30%