Income Tax Calculator - Old vs New Regime Comparison

Compare Old vs New Tax Regime (FY 2024-25) and find where you save more. Get instant tax calculations with detailed breakup.

Income Details

EPF, PPF, ELSS, LIC, Tuition Fees, etc.

About Income Tax Calculator

Our Income Tax Calculator helps you calculate your tax liability for FY 2024-25 under both Old and New Tax Regimes. Make an informed decision about which regime saves you more money based on your income and eligible deductions.

How to Use This Tax Calculator

  1. Enter your gross annual income
  2. Add your deductions under various sections (80C, 80D, 80CCD1B, 24B)
  3. View instant comparison between Old and New Tax Regime
  4. See which regime offers maximum tax savings
  5. Get detailed tax breakup including cess

Key Features

  • Side-by-Side Comparison: Compare both tax regimes instantly
  • Detailed Breakup: See taxable income, tax amount, and cess separately
  • Smart Recommendations: Get personalized advice on which regime to choose
  • All Deductions Covered: Include 80C, 80D, NPS, home loan interest, and more
  • Updated for FY 2024-25: Latest tax slabs and rates

Understanding Tax Regimes

Old Tax Regime: Allows various deductions and exemptions but has higher tax rates. Ideal for those with significant investments in tax-saving instruments like PPF, ELSS, NPS, and home loans.

New Tax Regime: Offers lower tax rates but eliminates most deductions and exemptions. Suitable for those with minimal deductions or those who prefer simplicity over tax planning.