Income Tax
Calculator.
Finance Act 2024 (FY 2024-25 & FY 2025-26 / AY 2025-26 & AY 2026-27). Instant side-by-side New vs Old Regime comparison with ₹75,000 standard deduction, Section 87A rebate, deduction breakeven analyzer, and monthly in-hand take-home salary.
Calculate Your Tax
Enter your annual income and eligible investments to determine whether the New or Old Tax Regime maximizes your take-home wealth.
You Save More with the New Tax Regime
With the enhanced ₹75,000 standard deduction and restructured tax slabs, the New Regime provides lower tax liability for your current income structure.
Breakeven Deduction Threshold
At your gross income of ₹12,00,000, you would need total eligible deductions of at least ₹3,12,500 for the Old Regime to match the New Regime. You currently claim ₹2,25,000.
| Tax Parameter | New Regime (Sec 115BAC • Default) | Old Regime (With Exemptions) |
|---|---|---|
| Gross Total Income | ₹12,00,000 | ₹12,00,000 |
| Standard Deduction | -₹75,000 | -₹50,000 |
| Total Deductions (80C, 80D, etc.) | ₹0 | -₹2,25,000 |
| Net Taxable Income | ₹11,25,000 | ₹9,25,000 |
| Base Tax (Computed from Slabs) | ₹82,500 | ₹97,500 |
| Section 87A Tax Rebate | ₹0 | ₹0 |
| Surcharge | ₹0 | ₹0 |
| Health & Education Cess (4%) | ₹3,300 | ₹3,900 |
| Total Income Tax Liability | ₹85,800 | ₹1,01,400 |
| Annual Take-Home Income | ₹11,14,200 | ₹10,98,600 |
| Monthly In-Hand Salary | ₹92,850 | ₹91,550 |
Visual Tax & Take-Home Comparison
Old vs NewSmart Ways to Reduce Your Tax Liability.
Use these legally permitted deductions to reduce your taxable income and keep more of what you earn.
Section 80C
Invest up to ₹1.5 lakh in PPF, ELSS mutual funds, LIC, NSC, or home loan principal to reduce your taxable income directly.
Section 80D
Health insurance premiums are deductible up to ₹25,000 for yourself and family, and up to ₹50,000 for senior citizen parents.
HRA Exemption
Salaried employees in rented accommodation can claim House Rent Allowance exemption, significantly reducing taxable salary.
NPS — 80CCD(1B)
An additional ₹50,000 deduction is available exclusively for NPS contributions under Section 80CCD(1B), over and above 80C limit.
Every Rupee Saved in Tax is a Rupee Invested.
The difference between the Old and New Tax Regime can be as much as ₹75,000 for certain income profiles. Our advisors analyze your exact salary structure and investments to recommend the regime that saves you the most — every financial year.
₹75K
Standard Deduction in New Regime (Finance Act 2024)
₹7.75L
Zero-Tax Threshold for Salaried Individuals (New Regime)
₹1.5L
Maximum Deduction under Section 80C (Old Regime)
100%
Free Tax Advisory for All Investosure Clients
Income Tax — Common Questions.
Answers to the most frequently asked questions about income tax under Finance Act 2024.
Which Tax Regime Saves You More?
Our certified advisors will review your salary structure, investments, and deductions to tell you exactly which regime — Old or New — saves you the maximum tax this financial year.
