Income tax calculator (India)
Calculate Indian income tax comparing New vs Old Tax Regime under Budget 2024, with standard deduction ₹75,000 and Section 87A rebate.
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About this tool
Calculate and compare your Indian income tax liability under both the New Tax Regime (Union Budget 2024) and Old Tax Regime. See instant tax difference, deductions, and monthly take-home salary.
How to use it
- 1 Enter your annual gross salary or Cost to Company (CTC).
- 2 Input Old Regime deductions (Section 80C up to ₹1.5L, 80D Mediclaim, HRA exemption, and home loan interest).
- 3 Compare side-by-side tax liability and see which tax regime saves you more money.
Questions
What is the standard deduction in Budget 2024 for salaried employees?
The Union Budget 2024 increased the standard deduction under the New Tax Regime from ₹50,000 to ₹75,000 for salaried taxpayers.
At what salary is income tax zero under the New Regime?
With the revised slabs and Section 87A tax rebate, salaried employees earning up to ₹7,75,000 pay zero income tax under the New Tax Regime.
Which tax regime is better for salaried individuals?
If your total eligible deductions (80C, 80D, HRA, home loan interest) exceed ₹3.75 Lakh to ₹4 Lakh, the Old Regime may save tax; otherwise, the New Regime is generally more beneficial.
Is my data uploaded?
No. This tool runs in your browser, so your text and files never reach our server.
Is this tool free?
Yes. It’s free to use with no sign-up and no limits for normal use.
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