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Calculate income tax under the new and old tax regimes for FY 2024-25. Compare tax liability, apply deductions and exemptions, and find which regime saves you more money.
The Income Tax - IN helps you make informed financial decisions in IN. This calculator provides accurate calculations based on current rates and regulations in IN. Whether you're planning your finances, comparing options, or making investment decisions, this tool gives you the insights you need. Simply enter your details and get instant, detailed results with clear explanations.
A typical scenario using default values
{
"annual_income": 1000000,
"tax_regime": "new",
"age_group": "below_60",
"standard_deduction": 50000,
"section_80c": 150000,
"section_80d": 25000,
"hra": 0
}