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Income Tax Calculator
Compare New vs Old Tax Regimes for FY 2024-25 (Assessment Year 2025-26). Check which regime saves you more money based on your salary and investments.
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Income Tax Calculator — FY 2025-26 (Budget 2025)
₹1,50,000
₹0
₹0
Recommended Regime
new Tax Regime
You save ₹0 per year
NEW REGIME
₹0
BETTER ✅OLD REGIME
₹0
Tax Savings Breakdown
Standard Deduction₹75,000 (New)
Effective Tax Rate0.0%
Calculations based on Budget 2025-26 proposals. New Regime is the default option for FY 2025-26.
FY 2024-25 Tax Slab Update
The Union Budget 2024 has introduced significant changes to the New Tax Regime. The standard deduction has been increased to ₹75,000, and tax slabs have been further simplified to provide more relief to middle-income earners.
New Regime Slabs (FY 2024-25)
| Taxable Income (₹) | Tax Rate |
|---|---|
| 0 - 3 Lakh | Nil |
| 3 - 6 Lakh | 5% |
| 6 - 9 Lakh | 10% |
| 9 - 12 Lakh | 15% |
| 12 - 15 Lakh | 20% |
| Above 15 Lakh | 30% |
Under the New Regime, if your total income after standard deduction is up to ₹7 Lakh, you are eligible for a rebate under Section 87A, making your effective tax zero.