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Income Tax Calculator

Approximate tax liability for FY 2024-25 (India)

Income Details
Enter your annual earnings and deductions

Standard deductions, 80C, 80D, etc.

Best Strategy

Maximize your potential! You save ₹70,200 annually by opting for the New Tax Regime.

Old Tax Regime
Method A: With Exemptions
Taxable Income₹ 1,350,000
Slab Tax₹ 217,500
Cess (4%)₹ 8,700
Final Tax
₹ 226,200
Recommended
New Tax Regime
Method B: Lower Rates (Default)
Taxable Income₹ 1,500,000
Slab Tax₹ 150,000
Cess (4%)₹ 6,000
Final Tax
₹ 156,000
Tax Liability Comparison
What is Income Tax Calculator?

The Income Tax Calculator is an essential financial tool for Indian taxpayers. It helps you estimate your annual tax liability by comparing the Old Tax Regime (with exemptions like 80C) and the New Tax Regime (lower rates but fewer exemptions), helping you decide which one saves you more money.

How it Works

Old Regime Calculation

Taxable Income = Gross Income - (80C + 80D + HRA + LTA...)

Tax is calculated on the net taxable income using the old slab rates (0%, 5%, 20%, 30%).

New Regime Calculation

Taxable Income = Gross Income - Standard Deduction (₹75k)

The new regime offers lower tax rates and wider slabs but disallows most exemptions.

Frequently Asked Questions

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