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Income Tax Calculator
Calculate income tax under both Old and New Regime and identify the most tax-efficient option.
Income Tax Calculator
Income details
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Salary before reducing HRA, LTA, standard deductions & professional tax. If applicable, reduce leave encashment (max: 25L)
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HRA, LTA, Professional Tax and any Other Exemptions
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Includes interest from savings bank, deposits and other interest
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Interest paid on housing loan taken for self-occupied property
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Annual rent received on let-out property
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Interest paid on housing loan taken for rented/let-out property
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Net Income from Digital Assets, taxed at 30%
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Includes taxable freelancing income or any other taxable income
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Deduction
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Amount invested/paid in tax saving instruments such as PPF, ELSS mutual funds, LIC premium, etc. (max: 1.5L)
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Amount of interest income on deposits in savings account (includes fixed/recurring deposit interest in case of senior citizen)
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Medical premium & preventive health checkup fees paid for self & family including parents
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Amount paid as donation to charitable institutions or certain recognized funds
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Amount of interest paid on housing loan sanctioned during FY 2024-2025 (max: 1.5L)
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Includes voluntary contribution to National Pension Scheme (NPS) under section 80CCD(1) and 80CCD(1B)
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Includes employer's contribution to National Pension Scheme (NPS) under section 80CCD(2)
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Includes any other eligible deductions such as education loan interest (80E), disability deduction (80U), and other deductions not covered above.
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Income Tax Slab Rates
New Regime Slab Rates
| Income Tax Slabs (Rs.) | Income Tax Rates |
|---|---|
| Up to 4 lakh | Nil |
| 4 lakh to 8 lakh | 5% |
| 8 lakh to 12 lakh | 10% |
| 12 lakh to 16 lakh | 15% |
| 16 lakh to 20 lakh | 20% |
| 20 lakh to 24 lakh | 25% |
| Above 24 lakh | 30% |
Old Regime Slab Rates
| Income Tax Slabs (Rs.) | Income Tax Rates |
|---|---|
| Up to 2.5 lakh | Nil |
| 2.5 lakh - 5 lakh | 5% |
| 5 lakh - 10 lakh | 20% |
| Above 10 lakh | 30% |
* Slab rates vary for resident senior and super senior citizens.
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