Calculate your India income tax for FY 2024-25 (AY 2025-26) under both the Old and New tax regimes, with standard deduction, HRA, and Section 80C accounted for. See a full slab-wise breakdown, total tax payable, and your effective tax rate side by side.
HRA exemption and Section 80C deductions aren't available under the New Regime. Only the standard deduction of ₹75,000.00 is applied.
| Income Range | Rate | Tax in Slab |
|---|---|---|
| Up to ₹3,00,000.00 | 0% | ₹0.00 |
| ₹3,00,001.00 – ₹7,00,000.00 | 5% | ₹20,000.00 |
| ₹7,00,001.00 – ₹10,00,000.00 | 10% | ₹30,000.00 |
| ₹10,00,001.00 – ₹12,00,000.00 | 15% | ₹18,750.00 |
| ₹12,00,001.00 – ₹15,00,000.00 | 20% | ₹0.00 |
| Above ₹15,00,000.00 | 30% | ₹0.00 |
India's income tax uses a progressive, slab-based structure, meaning different portions of your taxable income are taxed at different rates rather than your entire income being taxed at one flat rate. If your taxable income falls in the 20% slab, that doesn't mean all of your income is taxed at 20% — only the portion of income that falls within that specific slab is taxed at 20%, while the portions in lower slabs are still taxed at their own lower (or nil) rates. This tool's slab-wise breakdown shows exactly this: how much of your taxable income falls into each bracket and how much tax that specific portion contributes, adding up to your total tax before rebate.
For the financial year 2024-25 (assessment year 2025-26), the New Regime — now the default regime unless you actively opt for the Old Regime — uses these slabs: nil tax up to ₹3,00,000, 5% from ₹3,00,001 to ₹7,00,000, 10% from ₹7,00,001 to ₹10,00,000, 15% from ₹10,00,001 to ₹12,00,000, 20% from ₹12,00,001 to ₹15,00,000, and 30% above ₹15,00,000. A standard deduction of ₹75,000 applies automatically for salaried individuals and pensioners, and a Section 87A rebate zeroes out tax entirely for taxable income up to ₹7,00,000.
The Old Regime's slab rates have remained unchanged for several years: nil tax up to ₹2,50,000, 5% from ₹2,50,001 to ₹5,00,000, 20% from ₹5,00,001 to ₹10,00,000, and 30% above ₹10,00,000. A standard deduction of ₹50,000 applies for salaried individuals, and the Old Regime additionally allows HRA exemption, Section 80C investments up to ₹1,50,000, and a broad range of other exemptions and deductions this tool doesn't cover, which is exactly why the Old Regime can work out cheaper for taxpayers who have significant deductions to claim despite its higher headline slab rates.
Beyond the basic slab calculation, two additional charges apply for most taxpayers. Health & Education Cess is a flat 4% add-on applied to everyone who owes any tax at all, funding specific government health and education programs. Surcharge is an additional percentage applied only once taxable income crosses ₹50 lakh, scaling up through 10%, 15%, 25%, and (under the Old Regime only) 37% at successively higher income thresholds — the New Regime caps its maximum surcharge at 25% even for the very highest incomes, a change introduced specifically to keep the New Regime's effective top rate more competitive with the Old Regime's.
The core trade-off between the two regimes comes down to this: the Old Regime lets you reduce your taxable income significantly through deductions like HRA exemption (for salaried employees paying rent), Section 80C (up to ₹1,50,000 across PPF, ELSS, EPF, life insurance premiums, and other qualifying investments), Section 80D (health insurance premiums), and home loan interest deductions, at the cost of higher slab rates on whatever taxable income remains after those deductions. The New Regime removes nearly all of these in exchange for meaningfully lower slab rates and a higher standard deduction, betting that most taxpayers — particularly those without a home loan or substantial 80C investments — come out ahead with the simpler, lower-rate structure. This tool's side-by-side regime comparison is specifically designed to answer that question for your own numbers rather than relying on a generic rule of thumb.
Income Tax Calculator handles India income tax planning specifically. These related calculators cover other common financial planning tasks.