FINANCE
Income Tax Calculator
Calculate income tax for FY 2024-25 new regime slabs for salaried individuals. Free, instant results 100% in your browser - private and works offline.
Loading Income Tax Calculator... If it does not load, enable JavaScript.
About Income Tax Calculator (New Regime FY 2024-25)
Calculates tax under new regime slabs: 0-3L 0%, 3-6L 5%, 6-9L 10%, 9-12L 15%, 12-15L 20%, above 15L 30% + 4% cess. Includes 87A rebate – nil tax up to Rs 7 lakh taxable income.
Example
Taxable Rs 12 lakh → Tax = 0 + 15k (3-6) + 30k (6-9) + 45k (9-12) = Rs 90,000 + 4% cess = Rs 93,600
Rs 7 lakh → Rs 0 (87A rebate)
For old regime with deductions, consult CA.
Rs 7 lakh → Rs 0 (87A rebate)
For old regime with deductions, consult CA.
FAQ
Which regime is better?
If deductions > Rs 3-4 lakh, old regime may win; else new regime with 87A is usually lower.
Related: Salary Increment • LPA Calculator