Income Tax Calculator — India
Compare your tax liability under the New Tax Regime (default from FY 2024-25) and the Old Tax Regime. Includes rebate u/s 87A, surcharge, and 4% health & education cess.
Max ₹75,000 in new regime (Budget 2024)
Total Tax Payable
₹0
Effective rate: 0.00%
Tax Slab Breakdown
| Income Slab | Taxable Amount | Rate | Tax |
|---|---|---|---|
| ₹0L – ₹4L | ₹4,00,000 | 0% | ₹0 |
| ₹4L – ₹8L | ₹3,25,000 | 5% | ₹16,250 |
New vs Old Regime — Key Differences
| Feature | New Regime | Old Regime |
|---|---|---|
| Default for FY 2024-25+ | Yes | Opt-in required |
| Standard Deduction | ₹75,000 | ₹50,000 |
| Section 80C | Not allowed | Up to ₹1.5L |
| HRA Exemption | Not allowed | Allowed |
| Home Loan Interest | Not allowed | Up to ₹2L |
| Section 80D (Health) | Not allowed | Up to ₹25K |
| Tax-free Income (Rebate 87A) | Up to ₹12L taxable income | Up to ₹5L taxable income |
This calculator is based on publicly available tax slabs for FY 2025-26 / AY 2026-27 and is intended for educational estimation only. It does not account for all deductions, exemptions, surcharges, cess, or specific circumstances unique to your case. Tax laws change frequently. Learntrix accepts no liability for errors or decisions arising from use of this tool. Consult a Chartered Accountant (CA) or certified tax professional for accurate tax computation.
Learntrix by Vyuhantrix · Accuracy not guaranteed · For reference only