Calculate your income tax liability, tax slabs, and take-home salary. Free online income tax calculator for FY 2024-25.
Calculate your income tax liability, deductions, and take-home salary for FY 2024-25
Allows deductions under Section 80C, 80D, HRA, etc.
Maximize Section 80C
Invest in PPF, ELSS, EPF up to ₹1.5L
Health Insurance
Claim up to ₹25,000 under Section 80D
HRA Optimization
Ensure proper HRA documentation
Compare Regimes
Choose the regime that saves more tax
This calculator provides general estimates for educational purposes only and should not replace professional tax advice. Tax calculations may vary based on specific circumstances, additional income sources, and applicable exemptions. Tax laws and rates are subject to change. Always consult with a qualified tax professional or chartered accountant for accurate tax calculations and compliance with current tax laws.
Income tax is calculated based on your total taxable income after deducting eligible exemptions and deductions. The tax is computed using progressive tax slabs where different portions of income are taxed at different rates.
For FY 2024-25, the tax slabs are: Up to ₹3 lakhs (0%), ₹3-6 lakhs (5%), ₹6-9 lakhs (10%), ₹9-12 lakhs (15%), ₹12-15 lakhs (20%), and above ₹15 lakhs (30%). Additional cess of 4% applies.
Common deductions include Section 80C (PF, ELSS, etc. up to ₹1.5L), Section 80D (health insurance), Section 80TTA (savings account interest), HRA, LTA, and standard deduction of ₹50,000.