🇮🇳 India Income Tax Tool 2024-25
Old vs New Tax Regime
Calculator India
Compare your income tax under both regimes and find which one saves you more money for FY 2024-25.
⚖️ Old vs New Regime Comparison
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🟢 New Regime (Default)
Gross Income₹0
Standard Deduction-₹75,000
Taxable Income₹0
Income Tax₹0
Cess (4%)₹0
Total Tax₹0
🔵 Old Regime
Gross Income₹0
Total Deductions-₹0
Taxable Income₹0
Income Tax₹0
Cess (4%)₹0
Total Tax₹0
Old vs New Tax Regime: Which to Choose?
From FY 2024-25, the New Tax Regime is the default for individual taxpayers, with a standard deduction of ₹75,000. The Old Regime offers various deductions under 80C, 80D, HRA, etc., which can reduce your taxable income significantly if you invest heavily.
New Regime Tax Slabs 2024-25
| Income Slab | Tax Rate (New) |
|---|---|
| Up to ₹3,00,000 | NIL |
| ₹3,00,001 – ₹7,00,000 | 5% |
| ₹7,00,001 – ₹10,00,000 | 10% |
| ₹10,00,001 – ₹12,00,000 | 15% |
| ₹12,00,001 – ₹15,00,000 | 20% |
| Above ₹15,00,000 | 30% |
Old Regime Tax Slabs 2024-25
| Income Slab | Tax Rate (Old) |
|---|---|
| Up to ₹2,50,000 | NIL |
| ₹2,50,001 – ₹5,00,000 | 5% |
| ₹5,00,001 – ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
💡 Rule of Thumb: If your total deductions (80C + 80D + HRA + others) exceed ₹3.75 lakh, the Old Regime is likely better. Below that, New Regime typically saves more.
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