What are the new tax regime slabs for FY 2024-25?

0% up to ₹3L; 5% on ₹3L–₹7L; 10% on ₹7L–₹10L; 15% on ₹10L–₹12L; 20% on ₹12L–₹15L; 30% above ₹15L. No tax if net income ≤ ₹7L due to Sec 87A rebate.

Can I switch between old and new tax regimes?

Salaried employees can switch regimes each year at the time of filing ITR. Individuals with business income can switch only once.

India Income Tax Calculator — New Regime (FY 2024-25)

Calculate Indian income tax under the new regime for FY 2024-25: 0% up to ₹3,00,000; 5% on ₹3,00,001–₹7,00,000; 10% on ₹7,00,001–₹10,00,000; 15% on ₹10,00,001–₹12,00,000; 20% on ₹12,00,001–₹15,00,000; 30% above ₹15,00,000. Rebate u/s 87A for income up to ₹7,00,000.

Principal ($)

Annual Rate (%)

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Compounding / Year

$ Finance Disclaimer: These calculators are for educational and illustrative purposes only. Results do not constitute financial advice. Consult a licensed financial advisor before making investment or borrowing decisions.

How to Use

Enter the values for the scenario you are assessing. Calculate Indian income tax under the new regime for FY 2024-25: 0% up to ₹3,00,000; 5% on ₹3,00,001–₹7,00,000; 10% on ₹7,00,001–₹10,00,000; 15% on ₹10,00,001–₹12,00,000; 20% on ₹12,00,001–₹15,00,000; 30% above ₹15,00,000. Rebate u/s 87A for income up to ₹7,00,000. Use the india income tax new regime result to inform your calculation.

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