Income Tax Calculator India (2024-25) Calculate Your Tax Liability Online
Calculate Your Income Tax Liability for FY 2024-25
Our free online income tax calculator helps you accurately determine your tax liability for the financial year 2024-25. This easy-to-use tool incorporates:
✔ Latest tax slabs (both old and new regimes)
✔ Automatic deduction calculations (Section 80C, 80D, HRA, etc.)
✔ Cess and surcharge computations
✔ Special rates for senior citizens
✔ Instant tax liability breakdown
Income Tax Calculator 2024-25
Calculate your tax liability based on the latest income tax slabs
Income Tax Calculator India (2024-25) – Calculate Your Tax Online
🔍 How to Use This Income Tax Calculator
Enter Gross Annual Income (Salary, business income, capital gains, etc.)
Add Deductions (Section 80C, 80D, HRA, home loan interest, etc.)
Select Tax Regime (Old vs. New)
Choose Age Group (Individual, Senior Citizen, Super Senior Citizen)
Click “Calculate” – Get instant tax liability with breakdown
👉 Pro Tip: Switch between tax regimes to see which saves you more!
📊 Latest Income Tax Slabs (FY 2024-25)
New Tax Regime (Default under Section 115BAC)
| Income Range (₹) | Tax Rate |
|---|---|
| Up to 3,00,000 | 0% |
| 3,00,001 – 6,00,000 | 5% |
| 6,00,001 – 9,00,000 | 10% |
| 9,00,001 – 12,00,000 | 15% |
| 12,00,001 – 15,00,000 | 20% |
| Above 15,00,000 | 30% |
Old Tax Regime (With Deductions)
| Income Range (₹) | Tax Rate |
|---|---|
| Up to 2.5L (3L for seniors, 5L for super seniors) | 0% |
| 2.5L – 5L | 5% |
| 5L – 10L | 20% |
| Above 10L | 30% |
Note: 4% Health & Education Cess applies on total tax.
💡 Key Features of Our Tax Calculator
✅ Regime Comparison Tool – Old vs. New tax regime savings
✅ Automatic Rebate (Section 87A) – Up to ₹12,500 tax relief for incomes ≤ ₹5L
✅ Senior Citizen Benefits – Higher exemption limits
✅ Surcharge Calculations – For incomes > ₹50L
✅ Mobile-Friendly – Works seamlessly on all devices
📌 Common Deductions to Reduce Tax (Old Regime Only)
Section 80C (₹1.5L) – EPF, PPF, ELSS, life insurance, home loan principal
Section 80D (₹25K–₹1L) – Health insurance premiums
HRA Exemption – Rent receipts required
Home Loan Interest (Section 24) – Up to ₹2L deduction
Education Loan Interest (Section 80E) – Full interest deduction
❓ FAQs About Income Tax Calculation
1. Which regime is better for me?
New regime: Best if you have few deductions (salaried employees with basic investments).
Old regime: Saves more if you claim HRA, 80C, 80D, etc.
2. How is cess calculated?
4% of total tax (e.g., ₹1L tax → ₹4,000 cess).
3. Are capital gains included?
Yes! Add LTCG, STCG, or other gains separately.
4. What if I switch regimes mid-year?
You must declare your choice while filing ITR—this calculator helps decide.
📢 Why Trust Our Calculator?
✔ Used by 5M+ taxpayers annually
✔ Updated per Budget 2024 rules
✔ Backed by Chartered Accountants
✔ No personal data collected