Income Tax Calculator FY 2024-25 - Calculate Tax Online Free
Calculate your income tax for FY 2024-25 (AY 2025-26) using our comprehensive tax calculator. Compare old vs new tax regime, calculate tax savings under 80C, 80D, and plan your taxes effectively.
How to Calculate Income Tax Online | Tax Planning Calculator Guide
Our advanced income tax calculator provides accurate tax calculations based on latest tax slabs for FY 2024-25. Calculate your tax liability, compare both tax regimes, and optimize your tax planning strategy.
Tax Calculation Features:
- Old Tax Regime: Calculate tax with deductions under 80C, 80D, HRA, etc.
- New Tax Regime: Calculate tax with revised slabs and limited deductions
- Tax Comparison: Compare both regimes to choose the best option
- Deduction Planning: Plan investments for maximum tax savings
Frequently Asked Questions About Tax Calculator
❓ How to calculate income tax?
To calculate income tax, subtract deductions from your gross income to get taxable income. Then apply tax slabs: 0-2.5L (0%), 2.5-5L (5%), 5-10L (20%), 10L+ (30%). Our tax calculator does this automatically for both old and new tax regimes.
❓ What is tax slab?
Tax slabs are income ranges with different tax rates. In India FY 2024-25: 0-3L (0%), 3-6L (5%), 6-9L (10%), 9-12L (15%), 12-15L (20%), 15L+ (30%) in new regime. Old regime has different slabs with deductions.
❓ How to save tax?
Save tax through: 80C (₹1.5L - PPF, ELSS, LIC), 80D (₹25K-100K - health insurance), HRA, home loan interest, NPS (₹50K). Compare old vs new regime using our tax calculator to choose the best option.
❓ Old vs new tax regime - which is better?
Old regime: Higher tax rates but allows deductions (80C, 80D, HRA). New regime: Lower tax rates but limited deductions. Use our tax calculator to compare both and choose based on your investments and deductions.