Taxation

Income Tax Calculator

Compare the Old and New tax regimes to find out which one saves you more money. (Updated for AY 2024-25)

Income & Deductions
Enter your salary and investments to calculate your tax liability.

Max allowed: ₹1,50,000

Standard Deduction of ₹50,000 is automatically applied to both regimes.

Tax Comparison
Old Regime₹1,06,600
New Regime₹85,800

Recommended Regime

New Regime

You save ₹20,800 by choosing the New Regime.

Old vs New Tax Regime

The Indian government introduced a simplified "New Tax Regime" that offers lower tax rates but removes most exemptions and deductions (like 80C, 80D, HRA). The "Old Tax Regime" has higher rates but allows you to claim numerous deductions to reduce your taxable income.

Intelligence Insight: If your total deductions (80C, HRA, Medical, etc.) exceed ₹3.75 Lakhs, the Old Regime usually becomes more beneficial. Otherwise, the New Regime is simpler and often results in lower taxes.