The Income Tax Calculator works out your tax in India for FY 2024-25. Compare the old regime and the new regime so you can see which one leaves more money in your hands.
How to calculate income tax
- Enter your yearly income.
- Add your deductions if you use the old regime.
- Calculate.
- Compare the tax under both regimes.
Old regime or new regime
The old regime allows many deductions, while the new regime offers lower rates with fewer deductions. The best choice depends on your savings and investments. Seeing both side by side makes the decision much clearer.
Plan ahead
Working out your tax early in the year helps you plan investments and avoid surprises. Try different income and deduction figures to understand how each one affects your final tax bill.