💼 Income Tax Calculator – FY 2024-25

Income Tax Calculator – Old vs New Regime

Use this tool to estimate your tax liability under India’s new and old tax regimes for the financial year 2024-25. It automatically computes your payable tax based on slabs and considers deductions like 80C, 80D, and HRA under the old regime.

🧾 Features

• ✅ Old & New Regime Tax Estimation
• ✅ Input for deductions (80C, 80D, HRA)
• ✅ Calculates 4% Health & Education Cess
• ✅ Net income after tax
• ✅ Updated for FY 2024-25 slabs

Slab Highlights

Old Regime:

• 0%: up to ₹2.5L
• 5%: ₹2.5L–₹5L
• 20%: ₹5L–₹10L
• 30%: Above ₹10L

New Regime (Default from FY 2024-25):

• 0%: up to ₹3L
• 5%: ₹3L–₹6L
• 10%: ₹6L–₹9L
• 15%: ₹9L–₹12L
• 20%: ₹12L–₹15L
• 30%: Above ₹15L

Choose wisely between the two regimes based on your eligible deductions and savings. The new regime has lower tax rates but doesn't allow most deductions.

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