Income Tax Calculator
Compare Old vs New Tax Regime for FY 2024-25
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Deductions (Applicable for Old Regime)
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Max limit: ₹1.5 Lakh
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Recommended (Default)
New Tax Regime
Taxable Income₹0
Tax Amount₹0
Cess (4%)₹0
Total Tax₹0
Old Tax Regime
Taxable Income₹0
Tax Amount₹0
Cess (4%)₹0
Total Tax₹0
Tax Comparison Chart
Both regimes result in the same tax amount.
Income Tax Slabs (FY 2024-25)
New Tax Regime
| Income Slab | Rate |
|---|---|
| 0 - 3 Lakh | Nil |
| 3 - 7 Lakh | 5% |
| 7 - 10 Lakh | 10% |
| 10 - 12 Lakh | 15% |
| 12 - 15 Lakh | 20% |
| Above 15 Lakh | 30% |
* Standard Deduction of ₹75,000 is available.
* Full tax rebate if income is up to ₹7 Lakh.
Old Tax Regime
| Income Slab | Rate |
|---|---|
| 0 - 2.5 Lakh | Nil |
| 2.5 - 5 Lakh | 5% |
| 5 - 10 Lakh | 20% |
| Above 10 Lakh | 30% |
* Standard Deduction of ₹50,000 is available.
* Various deductions like 80C, 80D, HRA are available.
Tax Summary
Best Option
Old Tax Regime
Gross Income₹12,00,000
Min. Tax Payable₹0
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