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๐ Income Tax Calculator
Calculate income tax under new or old regime for FY 2024-25.
Results
Gross Income โน10,00,000
Taxable Income โน10,00,000
Income Tax โน50,000
Cess (4%) โน2,000
Total Tax โน52,000
Net Income โน9,48,000
About Income Tax Calculator
Calculated as per FY 2024-25 slabs. New regime has lower rates but no deductions. Old regime allows deductions under 80C (โน1.5L), 80D, HRA, etc. but has higher base rates. A 4% health & education cess is added on top of the tax amount.