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๐Ÿ“‹ Income Tax Calculator

Calculate income tax under new or old regime for FY 2024-25.

Results

Gross Income โ‚น10,00,000
Taxable Income โ‚น10,00,000
Income Tax โ‚น50,000
Cess (4%) โ‚น2,000
Total Tax โ‚น52,000
Net Income โ‚น9,48,000

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 (โ‚น1.5L), 80D, HRA, etc. but has higher base rates. A 4% health & education cess is added on top of the tax amount.