Advanced Income Tax Calculator (AY 2024-25)
Compare Old & New Regimes with detailed deductions to maximize your savings.
Old Regime
Taxable Income: ₹ 8,00,000
Income Tax: ₹ 72,500
Surcharge: ₹ 0
Cess (4%): ₹ 2,900
Total Tax: ₹ 75,400
New Regime (Default)
Taxable Income: ₹ 9,50,000
Income Tax: ₹ 52,500
Surcharge: ₹ 0
Cess (4%): ₹ 2,100
Total Tax: ₹ 54,600
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How This Calculator Works
- Select Age & Enter Income: Choose your age group and input your annual income.
- Provide Deductions: Click on "Enter Detailed Deductions" to input your tax-saving investments like 80C, 80D, HRA etc. for the Old Regime.
- Compare Instantly: The calculator automatically computes your tax liability under both the Old and the New (default) tax regimes.
- Get Smart Recommendation: A clear highlight shows which regime is more beneficial for you and exactly how much you can save.