Income Tax Calculator India 2025
About Income Tax Calculator India 2025
Estimate income tax for FY 2024–25 under the New or Old Regime using current slabs. Enter annual income, select age category, choose regime, and add Section 80C deductions if applicable. The tool calculates tax, cess, and effective rate, helping you compare regimes and plan investments. It’s fast, transparent, and updated for the latest rules, giving salaried and self‑employed users actionable insights before filing. Results are for guidance only—consult a tax professional for personalized advice.
📝 How to Use Income Tax Calculator India 2025
- Enter your total annual income from all sources (salary, business, etc.).
- Select your age group (Standard, Senior Citizen, or Super Senior).
- Choose between the New Regime (default) or Old Regime.
- If choosing Old Regime, enter your Section 80C deductions (up to ₹1.5 Lakh).
- The calculator will instantly show your tax liability, cess, and effective tax rate.
🧮 Formula Used
Tax is calculated based on slab rates. For New Regime: 0-3L (0%), 3-7L (5%), 7-10L (10%), 10-12L (15%), 12-15L (20%), >15L (30%). Add 4% Health & Education Cess on total tax.
💡 Example Calculation
- Income: ₹9,00,000 (New Regime)
- Standard Deduction: ₹50,000 -> Net Income: ₹8,50,000
- Tax Calculation: 0-3L (0) + 3-7L (₹20,000) + 7-8.5L (₹15,000) = ₹35,000
- Cess (4%): ₹1,400
- Total Tax: ₹36,400
❓ Frequently Asked Questions
What is the standard deduction for FY 2024-25?
The standard deduction is ₹50,000 for salaried individuals under both the New and Old Tax Regimes.
Which tax regime is better for me?
Generally, if your total deductions (80C, HRA, etc.) exceed ₹2.5 Lakhs, the Old Regime might save you more tax. Otherwise, the New Regime usually offers lower tax rates.
Is income up to ₹7 Lakhs tax-free?
Yes, under the New Tax Regime, a rebate under Section 87A makes income up to ₹7 Lakhs effectively tax-free.
Do you support both New and Old Regimes?
Yes. We compute slab‑wise tax for both regimes and show effective tax rate. You can compare before deciding.
Is Section 87A rebate applied?
Yes, where applicable under the New Regime (making income up to ₹7L effectively tax‑free).
Are deductions like 80C included?
Yes for the Old Regime. Enter your 80C amount to see the impact. The New Regime has limited deductions.
Are results exact?
They’re estimates based on the latest published slabs and cess. For filing, consult a professional or the income tax portal.
Do you support senior citizen slabs?
Yes. Age affects calculation in the Old Regime; the New Regime has uniform slabs.