Calculate your income tax liability for FY 2024-25 (AY 2025-26) using our comprehensive Income Tax Calculator. Compare tax under both old and new regimes, understand rebate u/s 87A, cess calculations, and plan your taxes efficiently. Updated with latest budget changes.
Income Tax Calculator
Calculate your income tax liability under both old and new tax regimes for FY 2024-25.
About Income Tax Calculator
Income Tax Calculator is a free online tool on CalculatorWorld. Calculate your income tax liability under both old and new tax regimes for FY 2024-25.
Formula
The Income Tax Calculator applies standard tax calculators formulas based on your inputs to compute income tax calculator instantly.
How to Use
- Open the Income Tax Calculator on CalculatorWorld.
- Enter your values in the input fields above.
- Review results — they update automatically as you change inputs.
Example
Use the default values in the calculator above to see a worked example with instant results.
Frequently Asked Questions
What is the difference between old and new tax regime?
The new tax regime offers lower tax rates but removes most deductions and exemptions. The old regime allows various deductions like HRA, LTA, 80C, etc. Choose the regime that gives you lower tax liability.
What is the standard deduction?
Standard deduction is a flat deduction of ₹50,000 from salary income under the old regime. It reduces your taxable income automatically without any investment or documentation.
What is Rebate u/s 87A?
Rebate u/s 87A provides tax relief to individuals with lower income. Under new regime, if taxable income is ≤₹7 lakh, entire tax is rebated. Under old regime, if income is ≤₹5 lakh, rebate up to ₹12,500 is available.
What is the Income Tax Calculator?
The Income Tax Calculator is a free online tool on CalculatorWorld that helps you calculate your income tax liability under both old and new tax regimes for FY 2024-25.
How do I use the Income Tax Calculator?
Enter your values in the input fields and results update instantly. All calculations run in your browser — no account or download required.
Is the Income Tax Calculator free?
Yes. CalculatorWorld provides this income tax calculator completely free with unlimited use.
Are Income Tax Calculator results accurate?
Our calculator uses standard formulas for income tax calculations. Results are for planning and education; verify critical figures with a qualified professional.