Income Tax Calculator - India
Calculate your income tax liability as per the latest Indian tax slabs for both old and new tax regimes.
Tax Calculation Results
Total Income
₹ 0
Taxable Income
₹ 0
Income Tax
₹ 0
Total Tax Liability
₹ 0
(Including cess)Tax Regime Comparison
| Tax Regime | Taxable Income | Income Tax | Total Tax Liability |
|---|---|---|---|
| New Regime | ₹ 0 | ₹ 0 | ₹ 0 |
| Old Regime | ₹ 0 | ₹ 0 | ₹ 0 |
Income Tax Slabs for FY 2023-24 (AY 2024-25)
New Tax Regime
| Income Range | Tax Rate |
|---|---|
| Up to ₹3,00,000 | Nil |
| ₹3,00,001 to ₹6,00,000 | 5% |
| ₹6,00,001 to ₹9,00,000 | 10% |
| ₹9,00,001 to ₹12,00,000 | 15% |
| ₹12,00,001 to ₹15,00,000 | 20% |
| Above ₹15,00,000 | 30% |
Old Tax Regime
| Income Range | Tax Rate |
|---|---|
| Up to ₹2,50,000 | Nil |
| ₹2,50,001 to ₹5,00,000 | 5% |
| ₹5,00,001 to ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
Note: A health and education cess of 4% is applicable on the income tax amount for both regimes.
About Income Tax Calculator
Our Income Tax Calculator helps you estimate your income tax liability in India based on the latest tax slabs for both the old and new tax regimes.
New Tax Regime vs. Old Tax Regime
The new tax regime offers lower tax rates but eliminates most deductions and exemptions. The old tax regime has higher tax rates but allows various deductions under sections like 80C, 80D, HRA, etc.
This calculator helps you compare both regimes and choose the one that's more beneficial for you.
Tax Saving Tips
How to Save Tax in India?
- Invest in tax-saving instruments under Section 80C (EPF, PPF, ELSS, etc.)
- Buy health insurance for yourself and family (Section 80D)
- Pay home loan EMIs (Section 24 for interest and 80C for principal)
- Invest in NPS (Additional deduction under Section 80CCD(1B))
- Claim HRA if you live in a rented house
- Claim deduction for education loan interest (Section 80E)