Updated as per latest budget on 2025 – 1st Feb, 2025.
Latest BudgetExempt Allowances ₹0
Standard Deductions ₹0
Chapter VI A Deductions ₹0
Income tax: ₹0
Surcharge: ₹0
Health and education cess: ₹0
Total payable: ₹0
Individuals can file taxes under either the old or new tax regimes, each offering different deductions. Our Income Tax Calculator is a cost-effective, user-friendly tool to help you estimate liabilities and compare both regimes without needing a tax consultant.
| Income Range (₹) | Tax Rate |
|---|---|
| Upto 4,00,000 | Nil |
| 4,00,001 - 8,00,000 | 5% |
| 8,00,001 - 12,00,000 | 10% |
| 12,00,001 - 16,00,000 | 15% |
| 16,00,001 - 20,00,000 | 20% |
| 20,00,001 - 24,00,000 | 25% |
| Above 24,00,000 | 30% |
Example: Neha’s Salary – ₹12L basic, ₹6L HRA, ₹2.52L special allowance, ₹20K LTA. She pays ₹40K rent, lives in Delhi.
| Component | Amount | Exemption/Deduction | Taxable (Old) | Taxable (New) |
|---|---|---|---|---|
| Basic Salary | 12,00,000 | - | 12,00,000 | 12,00,000 |
| HRA | 6,00,000 | 3,60,000 | 2,40,000 | 6,00,000 |
| Special Allowance | 2,52,000 | - | 2,52,000 | 2,52,000 |
| LTA | 20,000 | 12,000 | 8,000 | 20,000 |
| Standard Deduction | - | - | 50,000 | 75,000 |
| Slab (₹) | Old Regime (<60) | 60–80 | 80+ |
|---|---|---|---|
| Upto 2,50,000 | Nil | Nil | Nil |
| 2,50,001 - 3,00,000 | 5% | Nil | Nil |
| 3,00,001 - 5,00,000 | 5% | 5% | Nil |
| 5,00,001 - 10,00,000 | 20% | 20% | 20% |
| Above 10,00,000 | 30% | 30% | 30% |
As an ISO 9001-2015 certified company, our experienced professional team helps our clients to follow and adopt best practices in the industries. In these decades we made tailor made solution to various issues faced by clients. We will also create customised solutions for all our individual, professionals as well as business clients.
© 2025 KLATH Consultancy Pvt. Ltd. All Rights Reserved.