Income Tax Calculator – Compare Old vs New Tax Regimes Instantly
Calculate your taxable income and compare your total tax payable under the Old and New Tax Regimes to identify which tax structure saves you more money.
Planning a financial goal or looking for the best offers? Compare and calculate your requirements instantly with zero hassle.
Income Tax Calculator
FY 2024-25 — approximate tax based on current slabs. Consult a tax professional for exact amounts.
Tax Calculation Results
Tax calculations are approximate based on FY 2024-25 norms. Consult a Chartered Accountant for accurate tax planning.
What is an Income Tax Calculator?
An Income Tax Calculator is an online tool that computes your income tax liability based on your gross salary, age, eligible deductions (80C, 80D, HRA, home loan interest), and chosen tax regime.
How to Use Income Tax Calculator – 3 Step Flow
Streamline your finances with an easy, automated process — calculate, plan, and achieve your financial goals.
Enter Gross Annual Income
Input your total yearly earnings from salary, business, or other sources.
Input Deductions & Exemptions
Enter investments in 80C, 80D health insurance, HRA, and NPS.
Compare Regimes
Instantly view tax payable under both regimes and pick the optimal option.
Tax Calculation Methodology
Tax is computed by applying progressive slab rates to Net Taxable Income (Gross Income minus standard deduction and eligible Chapter VI-A deductions), followed by 4% Health & Education Cess.
Recommended Tools
HRA Calculator
Calculate your tax-exempt House Rent Allowance under Section 10(13A).
PPF Calculator
Calculate 80C tax savings and tax-free corpus on PPF.
NPS Calculator
Calculate extra ₹50,000 tax deduction under Section 80CCD(1B).
Personal Loan EMI Calculator
Calculate your personal loan EMI online with PaisaOne's free EMI Calculator. Estimate monthly EMI, interest payable and total repayment instantly.
Financial Products for Every Need
Compare and explore personal loans, insurance, mutual funds, credit cards, and free credit score services in one place.
Instant Personal Loan
Compare loan options from multiple lenders with quick eligibility checks and flexible repayment plans.
Insurance Plans
Protect yourself and your family with health, term, and vehicle insurance from trusted providers.
Mutual Funds
Discover investment options designed to help you build long term wealth and financial stability.
Free Credit Score
Check your credit score online for free and stay updated with your credit health anytime.
Credit Cards
Compare credit cards based on rewards, cashback, travel benefits, and eligibility in one place.
