Income Tax FY 2024-25

Income Tax Calculation Form - एक अनुमान

वित्तीय वर्ष 2024-25 मे अनुमानित कुल आयकर

Annual Income

Basic Pay - March 24

Basic Pay - July 24

Any Other Income

#Estimated (As per March Basic)

Payable Tax

New Tax Regime

After Marginal Tax Reilef *

Old Tax Regime

Gross Salary (March 2024)

Gross Salary (July 2024)

Gross Salary (Nov 2024)

DA Areer 4% (January 2024-February 2024)

Surrender 15Days Amount

Deductions

Under 80C + Standard Deduction*

Any Other Deduction

Net Taxable Income

Income Tax 20% Slab

Income Tax 20% Slab with Cess

Total Payable Tax

Income Tax 30%

Income Tax 30%C

4% Cess

Tax as per Marginal Tax Reilef*

Disclaimer:
This calculator is only meant to provide a basic idea of the estimated impact of the new provisions. Refer to the Income Tax Provisions for the actual provisions and eligibility.
All tax calculations (includes cess) are excluding Surcharge & Total Eligible Exemptions / Deductions are assumed to be Zero in New Regime
# Not applicable for any Income with special rates
* Deductions and Exemptions eligible as per Old regime

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Tax rates for Individual (resident or non-resident) less than 60 years of age anytime during the previous year are as under:

Old Tax Regime		New Tax Regime u/s 115BAC
Income Tax Slab	Income Tax Rate	Income Tax Slab	Income Tax Rate
Up to ₹ 2,50,000	Nil	Up to ₹ 3,00,000	Nil
₹ 2,50,001 – ₹ 5,00,000	5% above ₹ 2,50,000	₹ 3,00,001 – ₹ 6,00,000	5% above ₹ 3,00,000
₹ 5,00,001 – ₹ 10,00,000	₹ 12,500 + 20% above ₹ 5,00,000	₹ 6,00,001 – ₹ 9,00,000	₹ 15,000 + 10% above ₹ 6,00,000
Above ₹ 10,00,000	₹ 1,12,500 + 30% above ₹ 10,00,000	₹ 9,00,001 – ₹ 12,00,000	₹ 45,000 + 15% above ₹ 9,00,000
		₹ 12,00,001 – ₹ 15,00,000	₹ 90,000 + 20% above ₹ 12,00,000
		Above ₹ 15,00,000	₹ 1,50,000 + 30% above ₹ 15,00,000