Income Tax Calculator

Compare FY 2024-25 tax liability between old ( deductions ) and new regime slabs using Indian limits.

Reverse tip: Want the regimes closer? Adjust deductions via presets or tweak income until the chart aligns with your payroll.

Income & Deductions

Twelve Lakh Rupees

Interest, rent, capital gains etc.

One Lakh Rupees

Fifty Thousand Rupees

ELSS, PPF, LIC (max ₹1.5L)

One Lakh Fifty Thousand Rupees

Health insurance premiums

Twenty Five Thousand Rupees

Self-occupied cap ₹2L

Two Lakh Rupees

Old Regime
Basic Tax
₹87,500.00
Cess
₹3,500.00

Old regime taxable income ₹8,75,000.00

Taxable Income₹8,75,000.00
Basic Tax₹87,500.00
Cess (4%)₹3,500.00
Total Liability₹91,000.00
New Regime
Basic Tax
₹1,00,000.00
Cess
₹4,000.00

New regime taxable income ₹12,50,000.00

Taxable Income₹12,50,000.00
Basic Tax₹1,00,000.00
Cess (4%)₹4,000.00
Total Liability₹1,04,000.00
Recommendation

Cheaper Regime: Old Regime

Tax Difference: ₹13,000.00

New regime allows only standard deduction, while old regime retains Section 80C/80D and home loan benefits.