Indian Income Tax Calculator 2024-25 – Calculate Tax Online

Indian Income Tax Calculator 2024-25

(Financial Year 2024-25)

1. Total Salary (from Column 5): ₹

2. (a) Exemption under Section 10 for House Rent: ₹

(b) Exemption for House Loan Interest: ₹

3. Remaining Income (1-2): ₹

4. Add Other Income (Interest, etc.): ₹

5. Gross Income (3+4): ₹

6. Deductions – Chapter VIA Exemptions

1. Section 80C (Savings up to ₹1.5 Lakh): ₹

2. Section 80CCF (Infrastructure Bonds up to ₹20,000): ₹

3. Section 80G (Donations) / 80D: ₹

4. Section 80U (Disability Exemption): ₹

Total Exemption: ₹

7. Taxable Income (5-6): ₹

Section 80C Savings Details (01-04-2024 to 31-03-2025)

1. GPF Deduction: ₹

2. GIS Deduction: ₹

3. LIC Deposit: ₹

4. PPF Deposit: ₹

5. NSC Purchase: ₹

6. Tuition Fee Payment: ₹

7. Home Loan (Repayment): ₹

8. Others: ₹

Maximum ₹1.5 Lakh Total: ₹

8. Income Tax Slabs

(1) Up to ₹2.5 Lakh (₹2.5 Lakh for 60+) 0%: ₹

(2) ₹2.5 Lakh to ₹5 Lakh at 5%: ₹

(3) ₹5 Lakh to ₹10 Lakh at 20%: ₹

(4) Above ₹10 Lakh at 30%: ₹

9. Total Income Tax (Sum of 1 to 4): ₹

Section 87A Rebate: ₹

Net Tax Payable: ₹

10. Education Cess, 4% of Income Tax: ₹

11. Final Tax Payable (9+10): ₹

12. Deduct Advance Income Tax Paid: ₹

13. Tax Due / Refund: ₹