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Income Tax Calculator

Compare old vs new tax regime instantly. Enter your income and deductions to find which regime saves you more for FY 2024-25.

🧾 Tax Calculator — FY 2024-25
Annual Gross Income (₹)₹12,00,000
Old Regime Deductions
Section 80C (Max ₹1.5L)₹1,50,000
Section 80D (Health Ins.)₹25,000
HRA Exemption (if applicable)₹0
NPS 80CCD(1B) Extra₹50,000
Best Regime for You
Old Regime
You save ₹15,600 more with Old Regime
Old Regime Tax
₹1,09,200
Eff. 9.1%
New Regime Tax
₹1,24,800
Eff. 10.4%
Gross Income₹12,00,000
Old Regime Taxable Income₹9,75,000
New Regime Taxable Income₹11,50,000

Tax Saving Tips for FY 2024-25

💰
Maximise 80C First

ELSS (Equity Linked Savings Scheme) is the best 80C option — ₹1.5L deduction with only a 3-year lock-in and equity-like returns of 12–15% historically.

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Don't Skip 80D

Health insurance premiums of up to ₹25,000 for self (₹50,000 if 60+) and ₹25,000 for parents (₹50,000 if senior citizens) are deductible. Total possible: ₹1 lakh.

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NPS for Extra ₹50,000

80CCD(1B) allows an additional ₹50,000 deduction over and above 80C for NPS contributions — saving ₹15,000+ in tax for those in the 30% bracket.

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