🇮🇳 FY 2024-25

Income Tax Calculator

Compare Old vs New Regime instantly. Optimize your health insurance (Sec 80D) and investment planning.

Income & Deductions

For Old Regime Only

Limit: ₹1.5L

Limit: ₹25k-₹75k

Ready to Compare

Enter your income and deduction details to see which tax regime saves you more money.

Old vs New Regime: What's Changed?

For FY 2024-25, the New Tax Regime is the default. It offers significantly lower tax rates but removes most exemptions like HRA and Section 80C. However, the Standard Deduction has been increased to ₹75,000 in the New Regime.

Health Insurance Deduction (Section 80D)

Under the Old Regime, you can claim a deduction of up to ₹25,000 for health insurance premiums for self and family. This limit increases to ₹50,000 for senior citizens.

Note: Section 80D deduction is NOT available under the New Tax Regime.

Which Regime Should You Choose?

  • Choose New Regime if you have few deductions (less than ₹3.75 Lakhs total) or verified income up to ₹7 Lakhs (tax-free).
  • Choose Old Regime if you have significant HRA, Home Loan Interest (Sec 24), and 80C/80D investments.

Frequently Asked Questions

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