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Income Tax Calculator (FY 2024-25)

Estimate your income tax under the old and new regimes.

Last updated: 21 Aug 2026

Quick answer

Income tax is charged on your income after deductions, using slab rates. Under the new regime (FY 2024-25), income up to ₹7 lakh is effectively tax-free after rebate, then 5–30% slabs apply with a ₹75,000 standard deduction. Enter your income and regime above for an estimate including 4% cess.

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Estimate your income tax for FY 2024-25 under the new (default) or old regime. The new regime has wider slabs and a ₹75,000 standard deduction but no 80C; the old regime allows 80C and other deductions. This is indicative and includes 4% health & education cess.

How to calculate income tax

  1. 1 Enter your gross annual income.
  2. 2 Choose the tax regime (new or old).
  3. 3 For the old regime, add your 80C investments.
  4. 4 We apply the slab rates, rebate and 4% cess to estimate your tax and take-home.

Frequently asked questions

What are the new regime slabs for FY 2024-25?
Nil up to ₹3L, 5% ₹3–7L, 10% ₹7–10L, 15% ₹10–12L, 20% ₹12–15L and 30% above ₹15L, with a ₹75,000 standard deduction and rebate making income up to ₹7L tax-free.
Which regime should I choose?
The new regime suits those with few deductions; the old regime can be better if you claim large 80C, HRA and home-loan benefits. Use our old-vs-new calculator to compare.
Is this exact?
It is a close estimate for a salaried person below 60 and excludes surcharge on very high incomes and special-rate income.

Related checkers

Old vs New Regime Calculator Take-Home After Tax Calculator Section 80C Savings Calculator