📋 Income Tax Calculator 2024-25 – Taxable Income & Deduction Calculator

New Tax Regime Slabs FY 2024-25

• Up to ₹3 lakh — Nil
• ₹3–7 lakh — 5%
• ₹7–10 lakh — 10%
• ₹10–12 lakh — 15%
• ₹12–15 lakh — 20%
• Above ₹15 lakh — 30%

Standard deduction of ₹75,000 available. Rebate u/s 87A for income up to ₹7 lakh (tax becomes nil).

Old Tax Regime Slabs (Below 60)

• Up to ₹2.5 lakh — Nil
• ₹2.5–5 lakh — 5%
• ₹5–10 lakh — 20%
• Above ₹10 lakh — 30%

Which Regime is Better?

New regime is generally better if your deductions are less than ₹3.75 lakh. Old regime is better if you have high deductions (80C, 80D, HRA, home loan interest etc.). Use this calculator to compare both.