India Income Tax Calculator
Instantly calculate your income tax under the Old and New tax regimes for India (FY 2024-25). Plug in your deductions like 80C, HRA, and Standard Deductions to get a quick recommendation on which regime saves you the most money.
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How it works
Applies standard slab rates as per India Union Budget 2024. Computes total deductions, factors in Section 87A rebates, and applies 4% Health & Education cess.
Frequently Asked Questions
What is the Standard Deduction?
For salaried individuals, the standard deduction is ₹50,000 under the Old Regime and ₹75,000 under the New Regime (revised in Budget 2024).
Which regime is better?
It depends on your deductions. If you have significant deductions (like HRA, 80C, Home Loan Interest), the Old Regime might be better. Otherwise, the New Regime usually offers lower tax slab rates.