Income Tax Calculator FY 2024-25
Calculate your income tax liability under both old and new tax regimes
Income & Tax Details
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Max ₹1.5 lakhs (PPF, ELSS, Insurance)
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Standard deduction for salaried
Tax Summary
Enter your income details to calculate tax
Tax Regime Comparison
Old Tax Regime
0 - ₹2.5L:Nil
₹2.5L - ₹5L:5%
₹5L - ₹10L:20%
Above ₹10L:30%
+ Multiple deductions available (80C, 80D, HRA, etc.)
New Tax Regime
0 - ₹3L:Nil
₹3L - ₹6L:5%
₹6L - ₹9L:10%
₹9L - ₹12L:15%
₹12L - ₹15L:20%
Above ₹15L:30%
+ Limited deductions (Standard deduction only)
Tax Saving Tips
Section 80C (₹1.5L limit)
- • Public Provident Fund (PPF)
- • Equity Linked Savings Scheme (ELSS)
- • Life Insurance Premium
- • Employee Provident Fund (EPF)
- • National Savings Certificate (NSC)
Other Deductions
- • 80D: Health Insurance (₹25K-₹75K)
- • 80CCD(1B): NPS (₹50K)
- • 24(b): Home Loan Interest (₹2L)
- • HRA: House Rent Allowance
- • LTA: Leave Travel Allowance
💡 Pro Tip
Choose between old and new regime annually. Calculate both options before filing your ITR to maximize savings.