Income Tax Calculator (FY 2024-25 / 2025-26)
Compare New vs Old Tax Regime and calculate income tax with deductions & 87A rebate
₹
₹ 3,00,000₹ 50,00,000
Standard deduction of ₹75,000 and Section 87A rebate (tax-free up to ₹7.75 Lakhs) are automatically applied.
Calculation Result
Total Tax Payable
₹33,800
Monthly Take-Home: ₹72,183Loading visualization...
Taxable Income
₹8,25,000
Annual Take-Home
₹8,66,200
Standard & Deductions
₹75,000
How this calculator works
1
Enter your gross annual salary or income from all sources.
2
Input 80C and other deductions (applicable for Old Regime).
3
Compare net tax payable and monthly take-home salary between both regimes.
Formula & Mathematics
Progressive Slab Tax Formula
Tax = Σ (Income in Slab_i × Rate_i) + 4% Health & Education Cess
New Tax Regime offers higher threshold exemptions (standard deduction ₹75,000 and 87A rebate up to ₹7.75L).
Worked Example
Salary of ₹7,50,000 under New Tax Regime
Annual CTC of ₹7.5 Lakhs.
• Standard Deduction: ₹75,000
• Taxable Income: ₹6,75,000
• Because taxable income is under ₹7,00,000, Section 87A rebate reduces tax to zero.
Zero income tax is payable. Full ₹7.5 Lakhs is taken home.
Frequently Asked Questions
The standard deduction for salaried individuals was raised to ₹75,000 in the New Tax Regime in Budget 2024.
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