India Income Tax Calculator (Budget 2024 New Regime)
Income Tax Slab Calculator (India FY 2024-25)
Calculate income tax liability under India's New Tax Regime (Section 115BAC) with ₹75,000 standard deduction, 87A rebate, progressive slabs, and 4% health & education cess.
Total gross annual CTC or total taxable income
Statutory deduction (₹75,000 for salaried under Budget 2024)
Employer NPS (80CCD(2)) or other permissible deductions
Tax Liability Summary
Effective Tax Rate: 8.67%
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About India Income Tax Calculator (Budget 2024 New Regime)
Model your tax liability under India's updated New Tax Regime introduced in Budget 2024. Includes the enhanced ₹75,000 standard deduction for salaried individuals, updated progressive tax slabs, Section 87A rebate, and 4% Health & Education Cess.
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Frequently Asked Questions: India Income Tax Calculator (Budget 2024 New Regime)
Clear mathematical answers to key questions, calculations, and loan parameters.
What are the new tax slabs under Budget 2024?
The revised slabs are: Nil up to ₹3 Lakh, 5% from ₹3L to ₹7L, 10% from ₹7L to ₹10L, 15% from ₹10L to ₹12L, 20% from ₹12L to ₹15L, and 30% above ₹15 Lakh.
What is the standard deduction for salaried taxpayers under the New Regime?
Budget 2024 increased the standard deduction for salaried employees and pensioners under the New Tax Regime from ₹50,000 to ₹75,000.
Is income up to ₹7.75 Lakh completely tax-free under the New Regime?
Yes, for salaried individuals, gross income up to ₹7,75,000 incurs zero tax liability after applying the ₹75,000 standard deduction and the Section 87A tax rebate on taxable income up to ₹7,00,000.