All CalculatorsIncome Tax Calculator
SALARY & TAX TOOLS
Income Tax Calculator: HISTORICAL FY2024-25
Compare old and new regimes under the existing historical model. Not a FY2025-26 or later calculation; outputs are illustrative, not filing advice.
₹12.00 L
Old Regime Deductions
New Regime
Better ✓₹71,500
Annual tax (incl. cess)
₹5,958/month
Old Regime
₹71,864
Annual tax (incl. cess)
₹5,989/month
Choose New Regime — Save ₹364/year
Annual Tax Comparison
New Regime — Slab Breakdown
Taxable income: ₹11,25,000 (after ₹75K std. deduction)
Official reference: Income Tax Department guidance for AY2026-27 (FY2025-26) lists different slabs and a ₹12L taxable-income rebate threshold for eligible resident individuals. Those rules are not implemented here.
HISTORICAL FY2024-25 Model
The calculator retains the FY2024-25 new-regime slab structure and ₹7L taxable-income rebate threshold. Do not use it as a current-year tax liability or filing calculation.
Old Regime Deduction Inputs
The model includes a ₹50,000 standard deduction and selected 80C, 80D and HRA inputs. Actual eligibility, age-related limits and supporting documents must be checked; the inputs do not represent every available deduction.
What the Model Omits
The output includes 4% cess but does not calculate surcharge, special-rate income or age-specific old-regime slabs. These omissions can materially change tax payable.
Compare Without a Rule of Thumb
There is no single deduction amount at which the old regime always wins. Compare eligible income and deductions using the correct financial-year rules, rather than treating a modeled difference as guaranteed savings.
A LITTLE MORE CLARITY
Frequently asked questions
Which financial year does this calculator model?
HISTORICAL FY2024-25 (AY2025-26). The new-regime slabs and ₹7 lakh rebate threshold are historical assumptions, not FY2025-26 or later rules. There is no universal deduction break-even: the comparison depends on income and eligible deductions.
What standard deduction and rebate does the model use?
The model subtracts ₹75,000 in the new regime and ₹50,000 in the old regime. It applies a new-regime rebate at taxable income up to ₹7 lakh. These simplified historical salary assumptions do not establish eligibility for non-residents or special-rate income.
What are the historical new-regime slabs in this model?
FY2024-25 model: ₹0–₹3L (0%), ₹3–₹7L (5%), ₹7–₹10L (10%), ₹10–₹12L (15%), ₹12–₹15L (20%), above ₹15L (30%), plus 4% cess. FY2025-26 has different slabs and rebate rules, which this calculator does not implement.
Can I switch between old and new tax regime?
The Income Tax Department states that non-business taxpayers can exercise the choice each year in a return filed by the applicable due date. Business or professional income brings additional form requirements and switching restrictions; verify these before filing.
Is HRA exemption included in the new-regime calculation?
No. This model applies HRA exemption only in the old-regime comparison. Rent alone does not establish which regime is better; verify eligible exemptions and the rules for your financial year.
Ready to Land That Higher Salary?
Build an ATS-friendly resume, tailor it to any job description, and track your applications — free on ResumeWorlds.
Static model assumptions can differ from the applicable tax year, statutory rules, and your payroll structure. Figures are estimates; consult a qualified professional before relying on them.