India Income Tax Calculator (New vs Old Regime)
Calculate Indian income tax under both New and Old Tax Regimes for FY 2024-25 to choose the better option.
Calculation Inputs
Calculation Results
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Enter inputs on the left and click Calculate to view results.
Formula & Methodology
Old: progressive bands with deductions; New: 5/10/15/20/30% simplified with basic exemption ā¹3L
India introduced a simplified New Regime in 2020 (default from 2023). Old regime with deductions may be better for those with high HRA/80C.
Frequently Asked Questions
Which income tax regime is better in India?
New regime is usually better for incomes <ā¹7L (zero tax). For higher incomes with large deductions (80C, HRA), old regime may save more.