New Tax Regime Calculator
Calculate tax under the new simplified tax regime (default) for FY 2024-25. Benefit from lower slab rates and a standard deduction of ₹75,000.
Income Tax in India
Taxes provided here are estimates for Salaried individuals for FY 2024-25. Always consult a CA for exact filings.
New Regime Slabs
| Income Slabs | Tax Rate |
|---|---|
| 0 - 3 L | Nil |
| 3 - 7 L | 5% |
| 7 - 10 L | 10% |
| 10 - 12 L | 15% |
| 12 - 15 L | 20% |
| > 15 L | 30% |
Frequently Asked Questions
Is Standard Deduction available in New Regime?
Yes, Budget 2024 increased the standard deduction to ₹75,000 for salaried employees under the New Tax Regime.
What is the tax-free limit in New Regime?
Income up to ₹3 Lakh is tax-free. However, with rebate u/s 87A, you pay zero tax if your taxable income is up to ₹7 Lakh.