🇮🇳 Indian Income Tax Calculator
Financial Year 2024-25 | Assessment Year 2025-26
Tax Information
New Tax Regime (Default)
Old Tax Regime
Choose Your Tax Regime
Salary Structure Calculator
Income Details
Investment Recommendations
New Regime Benefits
- • Higher standard deduction (₹75,000)
- • Lower tax rates for most income brackets
- • No need to track multiple deductions
- • Simplified tax filing process
Recommended Investment Strategy
Emergency Fund
6-12 months expenses in liquid funds
Equity Mutual Funds
Long-term wealth creation (No tax benefits but better returns)
Health Insurance
Essential protection (Premium not deductible in new regime)
Consider switching to old regime if: Your total deductions exceed ₹75,000
Tax Summary (New Regime)
Regime Comparison
Savings with better regime: ₹0
Income Breakdown
Enter your income to see breakdown
Income Tax Calculator – Calculate Your Taxes in Seconds (India)
Wondering how much tax you’ll pay this year? The FinSarthi Income Tax Calculator makes it easy. Just enter your income, deductions, and regime choice — and get your tax liability in seconds, without any manual math.
What is Income Tax?
Income tax is the money you pay to the Government of India on the income you earn during a financial year (April–March). It’s governed by the Income Tax Act, 1961, and rates are revised during the annual Union Budget.
The tax you pay depends on:
- Your total annual income
- Your age category (below 60, senior citizen, super senior citizen)
- Your choice of tax regime – Old or New
- Eligible deductions & exemptions
Income Tax Regimes in India
As of FY 2024-25 (AY 2025-26), individuals can choose between:
1) New Tax Regime (default from FY 2023-24)
- Lower slab rates
- Fewer exemptions/deductions allowed
- Standard deduction of ₹75,000 (for salaried/pensioners)
2) Old Tax Regime
- Higher slab rates
- Multiple exemptions/deductions available (HRA, 80C, 80D, etc.)
- Choose if you have high deductions
Income Tax Slab Rates (FY 2024-25)
New Tax Regime – Individuals (All Ages)
| Annual Income | Tax Rate |
|---|---|
| Up to ₹3,00,000 | Nil |
| ₹3,00,001 – ₹6,00,000 | 5% |
| ₹6,00,001 – ₹9,00,000 | 10% |
| ₹9,00,001 – ₹12,00,000 | 15% |
| ₹12,00,001 – ₹15,00,000 | 20% |
| Above ₹15,00,000 | 30% |
Old Tax Regime – Individuals (Below 60 years)
| Annual Income | Tax Rate |
|---|---|
| Up to ₹2,50,000 | Nil |
| ₹2,50,001 – ₹5,00,000 | 5% |
| ₹5,00,001 – ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
Note: Senior citizens (60–80 years) & super senior citizens (80+) have higher exemption limits under the old regime.
What is the Standard Deduction?
A flat deduction from your taxable salary/pension income, regardless of expenses. For FY 2024-25:
- Old Regime: ₹50,000
- New Regime: ₹75,000
Popular Deductions & Exemptions (Old Regime)
- 80C: Up to ₹1,50,000 for EPF, PPF, ELSS, life insurance, etc.
- 80D: Health insurance premium
- HRA Exemption: For rent paid (conditions apply)
- 80TTA / 80TTB: Interest on savings deposits
- Home Loan Benefits: Interest (Sec 24b) + principal (80C)
Example – Old vs New Regime Calculation
Case: Rohan earns ₹12,00,000/year (salary), claims ₹1,50,000 under 80C, ₹25,000 under 80D.
- Old Regime: Higher slab rates but deductions reduce taxable income → possible lower tax.
- New Regime: Lower slab rates but minimal deductions allowed.
Our calculator shows both scenarios instantly so you can choose wisely.
What is Surcharge?
Extra tax on high-income individuals:
- ₹50 lakh – ₹1 crore: 10%
- ₹1 crore – ₹2 crore: 15%
- ₹2 crore – ₹5 crore: 25%
- Above ₹5 crore: 37% (capped at 25% for certain incomes from FY 2023-24)
What is Cess?
Health & Education Cess of 4% is added to your total tax (including surcharge).
About the FinSarthi Income Tax Calculator
Our Income Tax Calculator is designed for Indian taxpayers and follows the latest Union Budget updates.
Features:
- Instant tax calculation for both regimes
- Auto-apply standard deduction
- Supports senior/super senior citizen slabs
- Breakup of tax, cess, and surcharge
- Side-by-side old vs new regime comparison
- Mobile-friendly and privacy-first – no data stored
How to Use:
- Enter your annual income (salary/business/other sources)
- Choose your age category
- Select deductions/exemptions (for old regime)
- Click calculate → see tax for both regimes
- Compare & decide which saves you more
Why Compare Old vs New Regime?
The best regime depends on your income structure and deductions. If you have high deductions, old regime often wins; if not, new regime’s lower rates may save more.
Tips to Save More Tax (Legally)
- Max out 80C investments
- Buy health insurance (80D)
- Use NPS (80CCD)
- Claim HRA if you pay rent
- Prepay home loan interest for extra Sec 24 benefit
FAQs – Income Tax
1) Is the new tax regime better for everyone?
No. It depends on your deductions. Try both in our calculator.
2) Do I have to stick to one regime forever?
Salaried individuals can choose every year; business owners have restrictions.
3) Does the calculator work for freelancers?
Yes. Enter gross receipts as income and applicable deductions.
4) Can I calculate advance tax?
Yes. Break your total tax into four instalments as per due dates.
5) Does it cover agricultural income?
Yes, but only for rate calculation – agri income is exempt from tax itself.
6) Does it include surcharge & cess?
Yes, both are auto-applied in results.
7) What if I have capital gains?
Our calculator currently focuses on normal income. For capital gains, use our dedicated tool (coming soon).
8) Is data saved?
No. Everything runs in your browser.
9) Can I file my ITR from here?
No. This tool is for calculation only; use the e-filing portal to submit returns.
10) Does it handle senior citizen slabs?
Yes, for the old regime.
Final Words
The FinSarthi Income Tax Calculator helps you plan smartly by showing your tax liability instantly under both regimes. Test different incomes and deductions today to make the right choice before the year ends.