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Income Tax Calculator (New Regime)

Standard Deduction of ₹75,000 will be applied automatically.

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Tax Calculation Logic (New Regime FY 2024-25)

Tax = Σ(Income in Slab × Slab Rate)
Standard Deduction
Standard Deduction: Fixed ₹75,000 deduction for salaried employees
0 - 3L
0 - 3L: 0% (Nil)
3 - 7L
3 - 7L: 5% (Rebate available up to ₹7L net income)
7 - 10L
7 - 10L: 10%
10 - 12L
10 - 12L: 15%
12 - 15L
12 - 15L: 20%
Above 15L
Above 15L: 30%

About New Tax Regime (FY 2024-25)

The New Tax Regime is the default tax regime for the financial year 2024-25. It offers lower tax rates but fewer deductions.

  • Standard Deduction: Increased to ₹75,000 for salaried employees.
  • Tax Rebate: No tax for income up to ₹7 Lakhs (after standard deduction).
  • Slabs: Simplified tax slabs ranging from 5% to 30%.

About the Income Tax Calculator FY 2024-25 (New Regime)

The Income Tax Calculator FY 2024-25 (New Regime) is a specialized financial tool designed to assist in accurate monetary planning. Whether you are budgeting, planning investments, or managing loans, precision is key. This calculator simplifies complex formulas into an easy-to-use interface, helping you make informed financial decisions.

How It Works

Our tool processes your inputs using standard financial algorithms. By instantly computing the results, it allows you to compare different scenarios without the need for manual spreadsheets or errors.

Why Use EzCalcy?

Disclaimer: Financial results are estimates for planning purposes only. Please consult a qualified financial advisor for professional advice.