Free Income Tax Calculator
Income Tax Calculator
A comparative tool that helps you calculate income tax according to both the old and new tax regime. Use this online income tax calculator to know your tax liabilities.
Current FY(2024-2025) Next FY(2025-2026)
Yearly income from salary
Age
+Income from other sources (Interest on FD and let-out property)
Interest from savings bank accounts / FD accounts
Rental income received (Let-out property)
Municipal tax paid (Let-out property)
Interest paid on housing loan (Let-out property)
Other income, if any
Exemption details
Exemptions cannot be availed in the new tax regime. The exemption details collected here will be used to calculate tax under the old regime and compared with the tax calculated under new regime.
HRA and other exemptions
Interest paid on housing loan
Exemption Limit : ₹2,00,000
80C (PF, PPF, insurance premium)
Exemption Limit : ₹1,50,000
80CCD (Employee's contribution to NPS)
Exemption Limit : ₹1,50,000
80CCD(1B) (Additional contribution to NPS)
Exemption Limit : ₹50,000
80D (Medical insurance premium)
80E (Interest paid on education loan)
80EEA (Interest paid on home loan for affordable housing)
Exemption Limit : ₹1,50,000
80EEB (Interest paid on loan for purchase of electrical vehicle)
Exemption Limit : ₹1,50,000
80G (Donations to charity)
Here is the tax summary based on your input
Old Tax Regime
New Tax Regime
You will save
0
under the
Tax charges are the same under both regimes
Summary Breakdown
Components Old Tax Regime New Tax Regime
Total Gross Income
Total Eligible Deductions
Taxable Income
Tax on Taxable Income
Show BreakUp
Income Tax Slab Tax Rate Tax Amount
Total Tax Amount
Show BreakUp
Income Tax Slab Tax Rate Tax Amount
Total Tax Amount
Less: Rebate Under Section 87A(a)
Less: Relief Under Section 87A(b)
Total Tax on Income
Surcharge
Health and Education Cess
(4% of Tax on taxable Income + Surcharge)
Total Tax to be Paid
Here is the tax summary based on your input
You will save 0 under the
Tax charges are the same under both regimes
Old Tax Regime
Show Breakup
Summary Breakdown
Components Old Tax Regime
Total Gross Income
Total Eligible Deductions
Taxable Income
Tax on Taxable Income
Show BreakUp
×
Income Tax Slab Tax Amount
Total Tax Amount
Less: Rebate Under Section 87A(a)
Less: Relief Under Section 87A(b)
Tax on Total Income
Surcharge
Health and Education Cess
(4% of Tax on taxable Income + Surcharge)
Total Tax to be Paid
New Tax Regime
Show Breakup
Summary Breakdown
Components New Tax Regime
Total Gross Income
Total Eligible Deductions
Taxable Income
Tax on Taxable Income
Show BreakUp
×
Income Tax Slab Tax Amount
Total Tax Amount
Less: Rebate Under Section 87A(a)
Less: Relief Under Section 87A(b)
Tax on Total Income
Surcharge
Health and Education Cess
(4% of Tax on taxable Income + Surcharge)
Total Tax to be Paid