Income Tax Calculator
Assessment Year 2025-2026 (Financial Year 2024-25)
Based on Finance (No.2) Bill, 2024
Select Tax Regime
New Tax Regime
Default- Lower tax rates
- Higher standard deduction (₹75,000)
- Limited deductions available
Old Tax Regime
Optional- All deductions available
- Standard deduction (₹50,000)
- Higher tax rates
Basic Information
Deductions (Old Regime Only)
New Regime Benefits
- Standard Deduction: ₹75,000
- Family Pension Deduction: ₹25,000
- Employer NPS Contribution: Up to 14%