Income Tax Calculator
Calculate your income tax liability under old and new tax regimes. Plan your tax-saving investments effectively.
Monthly EMI
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Total Interest
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Income Tax Calculator — FAQs
- Which tax regime is better — old or new?
- New regime has lower rates but no deductions. Old regime allows deductions (80C, HRA, etc.). If your deductions exceed ₹3.75 Lakhs, old regime may be better.
- What is the standard deduction?
- ₹75,000 under new regime (from FY 2024-25). Previously ₹50,000.
- How to save income tax legally?
- Invest in 80C instruments (ELSS, PPF, NPS), claim HRA, use Section 80D (health insurance), and 80E (education loan interest).