Financial Utility · FY 2024-25 (AY 2025-26)
Income Tax Calculator
Compare tax liabilities under Old vs. New Tax Regime instantly. Optimize deductions, analyze rebate u/s 87A, and select your most beneficial regime.
Smart Advisory Insights
Statutory Rates
Income Tax Slabs (FY 2024-25)
New Tax Regime (Default)
| Income Slab | Tax Rate |
|---|---|
| Up to ₹3,00,000 | Nil |
| ₹3,00,001 - ₹7,00,000 | 5% |
| ₹7,00,001 - ₹10,00,000 | 10% |
| ₹10,00,001 - ₹12,00,000 | 15% |
| ₹12,00,001 - ₹15,00,000 | 20% |
| Above ₹15,00,000 | 30% |
*Standard Deduction: ₹75,000. Full tax rebate under Sec 87A for taxable income up to ₹7,00,000.
Old Tax Regime (Below 60 Yrs)
| Income Slab | Tax Rate |
|---|---|
| Up to ₹2,50,000 | Nil |
| ₹2,50,001 - ₹5,00,000 | 5% |
| ₹5,00,001 - ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
*Standard Deduction: ₹50,000. Full tax rebate under Sec 87A for taxable income up to ₹5,00,000.
Frequently Asked
Tax Planning Essentials
What is the key difference between Old and New Tax Regime?
The Old Regime allows tax exemptions (like HRA, 80C, 80D, 24b) with higher slab rates. The New Regime offers lower slab rates but eliminates most deductions except the standard deduction (₹75,000).
Which regime is better for salaried professionals?
If your total claims (80C + 80D + HRA + Home Loan) exceed ₹3.75 Lakhs to ₹4 Lakhs, the Old Regime usually saves more tax. Otherwise, the New Regime is generally simpler and yields lower tax.
How does Rebate Section 87A work?
Under the New Regime, if taxable income is up to ₹7 Lakhs, tax is zero. Under the Old Regime, if taxable income is up to ₹5 Lakhs, tax is zero.
Can I switch between Old and New Regime every year?
Salaried individuals can choose their preferred regime each year while filing ITR. Individuals with business or professional income can only switch once in a lifetime.
Personalized Advisory
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