Income Tax Calculator

For FY 2024-25 (AY 2025-26). Compare Old vs. New Regime.

Old Regime

New Regime (Default)

Your Income

Annual Income (from Salary)

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Income from Other Sources

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80C Deductions

Includes EPF, PPF, ELSS, Life Insurance Premiums, etc. Max limit is ₹1,50,000.

₹

80D (Medical Insurance Premium)

Deduction for health insurance for self, family, and parents. Varies by age.

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HRA Exemption

Enter the exempt HRA amount. This is the minimum of: 1) Actual HRA received, 2) 50%/40% of basic salary, 3) Rent paid minus 10% of basic salary.

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Home Loan Interest (Sec 24)

Interest paid on home loan for a self-occupied property. Max limit is ₹2,00,000.

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Deductions are not available under the New Regime (except Standard Deduction).

Total Income:₹10,00,000

Taxable Income:₹0

Income Tax:₹0

Surcharge:₹0

Health & Edu Cess (4%):₹0

Total Tax Payable:₹0

Annual In-Hand Salary:₹10,00,000

Monthly In-Hand Salary:₹83,333

Both regimes result in the same tax liability for you.