Union Budget 2024-25 (New vs Old)
Income Tax Calculator India: New vs Old Tax Regime
Compare your tax liability under the New Tax Regime (with Budget 2024 revised slabs and ₹75,000 standard deduction) against the Old Tax Regime side by side. Find out exactly which regime saves you more money.
Income & Deductions Form
Union Budget 2024 Updated
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Deductions (Applicable only in Old Regime)
Tax Regime Comparison
New Regime (Default)
₹67,600
Standard Ded: ₹75,000
Old Regime
₹83,200
Standard Ded: ₹50,000
You Save with New Tax Regime
₹15,600
New Regime Net Taxable Income:
₹1,155,000
Old Regime Net Taxable Income:
₹885,000
Health & Education Cess (4%):
Included in totals
Budget 2024 Revised Slabs (New Tax Regime)
| Annual Taxable Income Slab | Income Tax Rate | Section 87A Full Tax Rebate |
|---|---|---|
| ₹0 to ₹3,00,000 | Nil (0%) | Zero tax |
| ₹3,00,001 to ₹7,00,000 | 5% | Tax rebate up to ₹25,000 (No tax for income up to ₹7.75L with standard deduction!) |
| ₹7,00,001 to ₹10,00,000 | 10% | Normal slab applies |
| ₹10,00,001 to ₹12,00,000 | 15% | Normal slab applies |
| ₹12,00,001 to ₹15,00,000 | 20% | Normal slab applies |
| Above ₹15,00,000 | 30% | Highest tax bracket |
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