Income Tax Calculator

FY 2024-25 (AY 2025-26) - India

Calculate your approximate income tax with detailed deductions breakdown

Tax Calculator HRA Calculator Salary Breakup Tax Savings

HRA Exemption Calculator

HRA exemption is the minimum of: (1) Actual HRA received, (2) 50%/40% of salary, (3) Rent paid - 10% of salary

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Metro cities: Delhi, Mumbai, Kolkata, Chennai

HRA Calculation Breakdown

Salary for HRA (Basic + DA)
1. Actual HRA Received
3. Rent Paid - 10% of Salary
HRA Exemption (Minimum)
Taxable HRA

CTC to In-Hand Salary Calculator

Convert your Cost to Company (CTC) to understand your actual take-home salary with component breakup.

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Annual Breakdown

CTC
Basic Salary
HRA
Special Allowance
LTA
Variable/Bonus
Gross Salary
Less: Employee PF
Less: Professional Tax
In-Hand (Before Tax)

Monthly Breakdown

Basic Salary
HRA
Special Allowance
LTA
Gross Salary
Less: Employee PF
Less: Professional Tax
Monthly In-Hand

Employer Contributions (Part of CTC)

Employer PF:
Gratuity:
Taxable Income (Approx):

Analyze Savings

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Current Investments

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Analyze Your Tax Savings Potential

Enter your income and current investments to see personalized recommendations for maximizing tax savings.

Basic Information

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80C Section 80C Investments

Max: Rs. 1,50,000
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Total 80C: (Capped at 1.5L)

NPS Section 80CCD - NPS

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80D Section 80D - Health Insurance

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24b Section 24(b) - Home Loan Interest

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HRA HRA & LTA Exemptions

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Other Deductions

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Tax Slabs FY 2024-25

New Tax Regime

Up to 3L Nil
3L - 7L 5%
7L - 10L 10%
10L - 12L 15%
12L - 15L 20%
Above 15L 30%

Standard Deduction: Rs. 75,000

Rebate u/s 87A up to Rs. 7L income

Old Tax Regime (Below 60)

Up to 2.5L Nil
2.5L - 5L 5%
5L - 10L 20%
Above 10L 30%

Standard Deduction: Rs. 50,000

Deduction Limits

80C Rs. 1,50,000
80CCD(1B) Rs. 50,000
80D (Self) Rs. 25,000/50,000
80D (Parents) Rs. 25,000/50,000
24(b) Home Loan Rs. 2,00,000
80TTA/80TTB Rs. 10,000/50,000

Note: 4% Health & Education Cess is added to the tax amount.

Disclaimer

This calculator provides an approximate estimation of income tax liability based on the Income Tax Act provisions for FY 2024-25 (AY 2025-26). The actual tax liability may vary based on individual circumstances. Please consult a qualified tax professional for accurate tax planning. Source: Income Tax Department of India