Indian Income Tax Calculator
Compare your tax liability under both old and new tax regimes to find the optimal tax strategy.
Personal Tax Calculator - FY 2024-25
Your Income Details
Max: ₹1,50,000 (PPF, ELSS, LIC, etc.)
Max: ₹25,000 (₹50,000 for senior citizens)
Max: ₹2,00,000
Tax Regime
New regime has lower tax rates but no major deductions
Tax Summary
Total Income
₹10,00,000
Taxable Income
₹10,00,000
Total Deductions
₹0
Tax Amount
₹60,000
Recommendation
Based on your inputs, the New Regime would save you ₹15,000 in taxes.
Regime Comparison
Income Breakdown
Important Notes
- This calculator provides estimates based on the current tax laws for FY 2024-25.
- The Old Regime allows various deductions and exemptions, but has higher tax rates.
- The New Regime has lower tax rates but eliminates most deductions except for a few like employer's NPS contribution.
- For precise tax calculations and filing assistance, please consult a tax professional or chartered accountant.