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Calculate income tax for FY 2024-25 under old and new tax regime. Get slab-wise tax breakdown instantly.
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Income Tax Calculator
FY 2024-25 / AY 2025-26
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Deductions (Old Regime)
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Frequently Asked Questions
The Old Regime allows deductions (80C, 80D, HRA, etc.) and has higher tax rates. The New Regime (default from FY 2023-24) has lower rates but no deductions except a standard deduction of ā¹75,000.
Section 87A provides a tax rebate of up to ā¹25,000 under the New Regime (for taxable income ā¤ ā¹7 lakh) and ā¹12,500 under the Old Regime (for taxable income ā¤ ā¹5 lakh), effectively making income tax nil.
A 4% Health and Education Cess is levied on total income tax liability (after rebate). This is included in the final tax calculation shown by our tool.
Generally, the New Regime is better if your total deductions are less than ā¹3.75 lakh. If your deductions (80C + HRA + 80D + home loan interest etc.) exceed this, the Old Regime may result in lower tax.
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