Our free income tax calculator helps Indian taxpayers estimate their tax liability for Financial Year 2024-25 under both the old and new tax regimes. The new regime for FY 2024-25 includes a standard deduction of ₹75,000 and a revised slab structure. The old regime continues to allow deductions under Section 80C, 80D, HRA exemption, and more. Simply enter your gross annual income, age group, and applicable deductions to instantly see a slab-wise tax breakdown, cess, effective tax rate, take-home salary, and a side-by-side regime comparison to help you make the most tax-efficient decision.
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Age Group
Tax Regime
Standard deduction: ₹75,000 auto-applied
₹23,400
Total Tax Payable (incl. 4% cess)
Gross Income
₹8,00,000
Total Deductions
₹75,000
Taxable Income
₹7,25,000
Effective Tax Rate
2.93%
| Slab | Rate | Tax |
|---|---|---|
| Up to ₹3L | 0% | ₹0 |
| ₹3L – ₹7L | 5% | ₹20,000 |
| ₹7L – ₹10L | 10% | ₹2,500 |
| 4% Health & Education Cess | ₹900 | |
New Regime
₹23,400
Old Regime
₹33,800
Annual Take-home Salary
₹7,76,600
₹64,717 / month