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Income Tax Calculator FY 2024-25Old vs New Tax Regime

Compare old and new tax regimes. See which one saves you more money and plan your taxes efficiently.

Last updated: February 28, 2026

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income tax calculator india old vs new regime

Use this income tax calculator to compare old and new regime tax outgo for FY 2024-25 using your income and deduction profile. It helps identify which regime leaves you with higher post-tax income.

What is income tax calculator india old vs new regime?

An income tax calculator estimates payable tax after applying slab rates, standard deduction, and eligible exemptions. In India, comparing old and new regimes is essential because benefits differ by deduction profile, and the lower-tax option changes across income levels and claim patterns.

Definition length: 42 words.

Enter Your Income Details

Deductions (For Old Regime Only)

Max: ₹1,50,000

Max: ₹25,000

Key Changes FY 2024-25

New regime: Standard deduction of ₹75,000

Rebate: No tax up to ₹7 lakhs in new regime

Old regime: All deductions available

Which Regime to Choose?

  • •New: If you have minimal deductions
  • •Old: If you claim many deductions (80C, 80D, HRA)
  • •Compare both and choose the one with lower tax

Track Your Investments

StockIQ helps you track all your tax-saving investments (ELSS, PPF, etc.) automatically.

Income Tax Calculator for FY 2024-25

Calculate your income tax under both old and new tax regimes for Financial Year 2024-25. This calculator helps you determine which regime is more beneficial based on your income and deductions.

New Tax Regime FY 2024-25

  • ₹0 - ₹3 lakhs: No tax
  • ₹3 - ₹7 lakhs: 5% (Rebate u/s 87A makes it 0% up to ₹7 lakhs)
  • ₹7 - ₹10 lakhs: 10%
  • ₹10 - ₹12 lakhs: 15%
  • ₹12 - ₹15 lakhs: 20%
  • Above ₹15 lakhs: 30%
  • Standard deduction: ₹75,000 (new for FY 2024-25)

Old Tax Regime

  • ₹0 - ₹2.5 lakhs: No tax
  • ₹2.5 - ₹5 lakhs: 5%
  • ₹5 - ₹10 lakhs: 20%
  • Above ₹10 lakhs: 30%
  • Deductions available: 80C (₹1.5L), 80D (₹25K), HRA, Standard Deduction (₹50K)

Which Regime Should You Choose?

The choice between old and new regime depends on your deductions. If you claim significant deductions under sections 80C, 80D, HRA, etc., the old regime might be better. If you have minimal deductions, the new regime with its lower rates and higher standard deduction could save more tax.

Tax Saving Investment Options

For old regime, you can save tax through ELSS mutual funds, PPF, EPF, life insurance premiums, health insurance (80D), home loan interest (24b), and NPS (80CCD). Track all your tax-saving investments automatically with StockIQ.

Author and expertise

StockIQ Research and Product Team

This page is maintained by the StockIQ team building portfolio and tax-planning workflows for Indian investors. The methodology is reviewed against public references and updated when policy or market rules materially change.

Regulatory scope: Income tax planning references are based on public India tax portals and Finance Act guidance. | Last reviewed: 2026-02-28

Next steps and related workflows

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Sources and references

How to use the Income Tax Calculator

Compare old vs new regime tax for your income profile.

  1. 1

    Enter annual gross income

    Input salary or annual taxable income estimate.

  2. 2

    Add deduction values

    Enter eligible deductions relevant to old regime planning.

  3. 3

    Run tax comparison

    Calculate tax for both regimes including cess impact.

  4. 4

    Choose better regime

    Use net income and total tax to decide a planning direction.

Income Tax Calculator FAQs

Answers to common questions for this calculator.

Can this calculator compare old and new tax regimes?

Yes. It estimates tax liability under both regimes so you can compare outgo and choose the better option for your profile.

Does this replace professional tax advice?

No. It is a planning tool. Final filing should consider your exact income components, deductions, and latest tax rules.

How often should I recheck tax calculations?

Recalculate when your salary, deductions, or investment declarations change, and once again before filing returns.

Source URL: https://mystockiq.in/calculators/income-tax/