Income Tax Calculator

Estimate your income tax for FY 2024-25 under the New Tax Regime (Default).

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Annual CTC / Gross Salary (₹)

Automatically applies Standard Deduction of ₹75,000 for FY24-25.

Income Tax₹0

Health & Cess (4%)₹0

Total Tax Payable

₹0

Monthly Outflow: ₹0

In-Depth Guide: Income Tax (FY 2024-25)

Everything you need to know

Navigating the New Tax Regime (FY 2024-25)

Budget 2024 introduced several enhancements to the **New Tax Regime**, making it the default and often most beneficial option for Indian taxpayers. Key changes include an increased standard deduction of **₹75,000** and revised tax slabs. Our calculator is updated to reflect these latest changes, helping you plan your finances with confidence.

Key Changes You Should Know

**Standard Deduction**: Increased from ₹50,000 to ₹75,000.
**Tax-Free Income**: No tax is payable on income up to ₹7 Lakhs due to rebate u/s 87A.
**Simplified Slabs**: Lower percentages across various income brackets to reduce the overall tax burden.

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