Calculate income tax under old and new tax regime for FY 2024-25. Includes all deductions and surcharge.
| Gross Income | — |
| Taxable Income | — |
| Tax (before cess) | — |
| Health & Education Cess (4%) | — |
| Total Tax Payable | — |
| Monthly Tax | — |
| Effective Tax Rate | — |
0% upto ₹3L | 5% ₹3–7L | 10% ₹7–10L | 15% ₹10–12L | 20% ₹12–15L | 30% above ₹15L. Standard deduction: ₹75,000. Tax rebate if income ≤ ₹7L.
0% upto ₹2.5L | 5% ₹2.5–5L | 20% ₹5–10L | 30% above ₹10L. Allows 80C (₹1.5L), HRA, and many other deductions.