Income Tax Calculator
Estimate your tax liability for FY 2024-25 under the new tax regime with ease using our free Income Tax Calculator. Incorporate standard deductions, Section 87A rebates, and the latest tax slabs to get precise results for your annual tax planning in India.
Income Tax Calculator (New Regime)
Frequently Asked Questions
Quick Tips for Using the Income Tax Calculator
Our Income Tax Calculator simplifies tax estimation for FY 2024-25—here’s how to use it effectively:
- Accurate Income Input: Enter your total annual income (e.g., ₹8,00,000) including salary, business income, or other sources before deductions.
- Apply Deductions: Include the standard deduction (₹50,000 for FY 2024-25) if applicable to reduce your taxable income—check the calculator options.
- Check Rebates: For incomes up to ₹7,00,000, the Section 87A rebate can nullify your tax liability—see how it impacts your final tax.
For example, if your annual income is ₹6,50,000 in FY 2024-25 under the new regime, input this amount with the standard deduction to see a tax liability of ₹0 (after Section 87A rebate up to ₹25,000). Try adjusting your income now to plan your taxes accurately!