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Finance
Income Tax Calculator
Estimate your Indian income tax under the new and old regimes.
Tax rules are simplified for educational purposes. Always consult a tax professional for filings.
1
Your income & regime
FY 2024–25 (simplified)
₹12,00,000
Old regime assumes ₹1.5L standard deductions for this estimate.
2
Estimated tax
Tax payable
₹72,500
Effective rate
6.0%
Take-home
₹11,27,500
3
What this means
The new regime saves you more
Estimated tax under the other regime: ₹1,12,500. Difference: ₹40,000.
Effective vs marginal
Your effective rate is 6.0% — much lower than the top slab because India uses progressive slabs.
4
Smart actions
- Use 80C investments (PPF, ELSS, EPF) if you opt for the old regime.
- Health insurance under 80D adds further deductions in the old regime.
- Re-evaluate the regime each year — it can change with income & deductions.