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Income Tax Calculator

Compare Old vs New Tax Regime for FY 2024-25. Find out which regime saves you more money.

Your Details

Gross annual income (before tax)

Only applicable in Old Regime

💡 Note: New regime doesn't allow most deductions but has lower tax rates.

Understanding Tax Regimes

📘 Old Regime

  • ✓Allows deductions under 80C, 80D, HRA, etc.
  • ✓Better for salaried with investments
  • ✗Higher tax slabs

📗 New Regime

  • ✓Lower tax rates
  • ✓Simpler calculations
  • ✗No deductions allowed (except standard)