Compare Old vs New Tax Regime — FY 2024-25
New Regime: 0-3L: 0% | 3-7L: 5% | 7-10L: 10% | 10-12L: 15% | 12-15L: 20% | 15L+: 30%
Old Regime: 0-2.5L: 0% | 2.5-5L: 5% | 5-10L: 20% | 10L+: 30%
⚠️ Consult a CA for accurate tax computation. Results are estimates only.
Enter your gross annual income from all sources — salary, business, rental income, or any other earnings combined.
Add your total investment in PPF, ELSS, LIC, EPF, NSC, and school fees. The maximum deduction under Section 80C is ₹1.5 lakh.
If you live in a rented house, enter your HRA exemption. This major deduction is available only under the Old Tax Regime.
See your tax liability under both regimes side by side and instantly know which one saves you more money.
New Regime Slabs (FY 2024-25): ₹0–3L = Nil | ₹3–7L = 5% | ₹7–10L = 10% | ₹10–12L = 15% | ₹12–15L = 20% | ₹15L+ = 30%
87A Rebate: Under New Regime — zero tax if total income is up to ₹7 lakh
Surcharge + Cess: 4% Health & Education Cess is added on total computed tax
If your total deductions (80C + HRA + home loan interest) exceed ₹3.75 lakh, the Old Regime is likely better. Otherwise, the New Regime is simpler and more beneficial for most salaried taxpayers.
Under the New Regime, with 87A rebate and standard deduction, income up to ₹7.75 lakh attracts zero tax. Under the Old Regime, the effective zero-tax limit is ₹5 lakh.
PPF, ELSS Mutual Funds, LIC Premium, EPF, NSC, 5-year tax-saving FD, school tuition fees, and principal repayment of home loan. Maximum deduction is ₹1,50,000.
For salaried individuals the last date is typically July 31. For businesses requiring audit it is October 31. Late filing can attract a penalty of up to ₹5,000.
Yes. If your annual income exceeds the basic exemption limit, ITR filing is mandatory even if TDS has been deducted. You may also receive a refund if excess TDS was cut.