Income Tax Calculator India FY 2024-25 - Free Online Tool | NexUtils
Income Tax Calculator India FY 2024-25
Total Tax Payable (inc. Cess)
₹
About Income Tax Calculator
Calculate your income tax liability for Financial Year 2024-25 (AY 2025-26). This tool supports both the New Tax Regime (default) and the Old Tax Regime, helping you decide which one saves you more money.
How to Use This Tool
Select Regime
Toggle between 'New Regime' (lower rates, fewer deductions) and 'Old Regime' (higher rates, more deductions).
Enter Income
Input your total annual gross salary/income.
Enter Deductions (Old Only)
If choosing Old Regime, input total deductions like 80C, 80D, HRA, etc.
Key Features
- •Latest FY 2024-25 Slabs (Budget 2024)
- •Compare New vs Old Regime
- •Automatic Standard Deduction (New Regime)
- •Visual Tax Breakdown
Frequently Asked Questions
Which regime is better?
For income up to ₹7 Lakhs, the New Regime is tax-free. For higher incomes, if you have deductions > ₹3.75 Lakhs, Old Regime might be better. Otherwise, New Regime usually wins.
What is the Standard Deduction?
A flat deduction of ₹75,000 is available for salaried employees under the New Tax Regime (increased from ₹50,000 in Budget 2024).
Is rebate u/s 87A applicable?
Yes, up to ₹25,000 tax rebate is available if taxable income <= ₹7 Lakhs in New Regime (making income up to ₹7.75L effectively tax-free for salaried).