Indian Income Tax Calculator (2024-25) - Accurate & Instant

भारतीय आयकर गणना करेन फ्री, 2024-2025 के नियम के हिसाब से

Calculate Your Tax Liability Under Old & New Tax Regimes

Are you wondering how much income tax you need to pay for FY 2024-25? Our Indian Income Tax Calculator makes it easy to compute your tax liability under both the New Tax Regime and the Old Tax Regime. Simply enter your monthly income, and our advanced tax tool will provide accurate calculations instantly!

Features of Our Income Tax Calculator

✅ Dual Tax Regime Support – Compare tax liability under both Old and New Regimes. ✅ Standard Deduction Applied – Automatically applies the latest ₹50,000 standard deduction (New Regime). ✅ Instant Tax Breakdown – Monthly and yearly tax deductions with effective tax rates. ✅ Interactive Graphs – Get a visual breakdown of your income vs. tax liability. ✅ User-Friendly Interface – Simple design for quick and hassle-free tax calculations. ✅ Mobile & Desktop Friendly – Works across all devices seamlessly.

How to Use the Indian Income Tax Calculator?

1️⃣ Select Your Tax Regime – Choose between New Tax Regime and Old Tax Regime. 2️⃣ Enter Monthly Income – Input your salary, and the calculator will project annual income. 3️⃣ Get Detailed Results – Instantly view monthly and yearly tax deductions, effective tax rate, and take-home income. 4️⃣ Analyze the Chart – Understand your tax distribution with a clear pie chart visualization.

Income Tax Slabs for FY 2024-25

New Tax Regime (Post Standard Deduction of ₹50,000)

• Up to ₹3,00,000 – No tax
• ₹3,00,001 to ₹6,00,000 – 5%
• ₹6,00,001 to ₹9,00,000 – 10%
• ₹9,00,001 to ₹12,00,000 – 15%
• ₹12,00,001 to ₹15,00,000 – 20%
• Above ₹15,00,000 – 30%

Old Tax Regime (With Deductions & Exemptions)

• Up to ₹2,50,000 – No tax
• ₹2,50,001 to ₹5,00,000 – 5% (87A rebate applicable)
• ₹5,00,001 to ₹10,00,000 – 20%
• Above ₹10,00,000 – 30%

📌 4% Health & Education Cess applies to total tax liability.

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Frequently Asked Questions (FAQs)

1. How does this Indian Income Tax Calculator work?

Our tool calculates your tax based on your monthly income, considering applicable tax slabs, deductions, and cess. You can switch between the Old and New Regimes to compare tax savings.

2. Can I use this calculator for both salaried and self-employed individuals?

Yes! This calculator is suitable for salaried employees and self-employed professionals who want to estimate their tax liability.

3. Does this calculator consider deductions like 80C, 80D, and HRA?

Deductions under Section 80C, 80D, and HRA are applicable only in the Old Tax Regime. Our tool applies these deductions automatically when using the Old Regime.

4. What is the advantage of the New Tax Regime?

The New Tax Regime provides reduced tax rates while eliminating the majority of exemptions and deductions. This system is advantageous for individuals who do not utilize numerous deductions.

5. Is this tax calculator accurate?

Yes, our calculator follows the latest FY 2024-25 income tax slabs and standard deductions to ensure accurate results.

6. Can I access this tool on my phone?

Absolutely! Our Indian Income Tax Calculator is mobile-friendly and works on all devices.