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📋 Income Tax Calculator
Compare tax obligation under the Old and New Tax regimes (FY 2024-25).
Annual Gross Salary
₹
₹2,00,000₹1,00,00,000
Exemptions & Deductions (Old Regime)
₹
₹0₹5,00,000
New Regime Tax Liability₹81,900
Old Regime Tax Liability₹1,17,000
Recommended ChoiceNew Tax Regime
Effective Tax Rate (New)6.83%
Take-home Percentage - 93%
Tax Paid - 7%
Income Tax Slab System
FY 2024-25 features slab rate reductions under the New Tax Regime, raising standard deduction to ₹75,000. Under Section 87A, rebate is offered to make income up to ₹7 Lakhs entirely tax-free.