Income Tax Calculator
Old vs new tax regime comparison for FY 2024-25
Includes ₹75,000 standard deduction (salaried, FY 2024-25).
Old regime
- Taxable income
- ₹9,75,000
- Tax + cess
- ₹1,11,800
- Effective rate
- 9.32%
New regime
- Taxable income
- ₹11,25,000
- Tax + cess
- ₹71,500
- Effective rate
- 5.96%
New regime saves you ₹40,300
How to use
- Enter your gross annual income (salary + other income, before tax).
- For old regime, enter extra deductions (80C, 80D, HRA etc.) beyond standard deduction.
- Compare tax under old vs new regime side by side.
- Pick the regime that gives lower tax — but check investments and home loan benefits too.
The formula (in simple words)
Tax is calculated on taxable income using slab rates for FY 2024-25. Standard deduction of ₹75,000 applies for salaried taxpayers in both regimes. Rebate under section 87A can reduce tax to zero up to certain limits. Health and education cess of 4% is added on tax.
Frequently asked questions
New regime is the default for most taxpayers unless you opt for old regime. You can switch in some cases — check latest rules each year.