TAX CALCULATOR 2025

Tax Calculator as per Budget 2025

Filing taxes can be tricky, especially with two different options: the old and new tax regimes. While both offer different rules and deductions, there's an important note for business owners and professionals: if you choose the old regime, that's a one-time, permanent decision (unless you stop having business/professional income). To simplify things, our income tax calculator is here to help! It's a free and easy tool that estimates your base tax (excluding surcharge & cess) and lets you compare the tax rates of both regimes side-by-side. Want to make smart financial decisions? Learn how our calculator works and see how it can make tax planning a breeze!

Tax Calculator

What is your taxable income?

₹ 3 Lakhs

₹ 1 Crore

Old Regime Tax
₹ 0

New Regime Tax
₹ 0

You save

₹0

Disclaimer: The calculator alone is not sufficient and shouldn't be used for the development or implementation of an investment strategy. This tool is created to explain basic financial / investment related concepts to investors. The tool is created for helping the investor take an informed decision and is not an investment process in itself. Mutual Fund does not provide guaranteed returns. Investors are advised to seek professional advice from financial, tax and legal advisor before investing.

Budget 2025 Update:

• No income tax payable up to normal income (other than special rate income such as Capital Gains) of Rs 12 lakh under the new regime.
• This limit will be Rs 12.75 lakh for salaried taxpayers, due to standard deduction of Rs 75,000
• Roughly 7.5 mn individuals (tax payers) will benefit from the revised slabs.

New Tax Slab vs Old Tax Slab Comparison as per Budget 2025

Frequently Asked Questions

The tool makes it very simple to calculator you new regime income tax. Just enter your income and it will generate the tax calculations.

If an individual's income is below the basic exemption limit, they are not required to file income tax returns. However, if your income is below the exemption limit and you want to claim an income tax refund, you must file your ITR.

The old tax regime allows you to claim various exemptions and deductions, such as House Rent Allowance (HRA) and investments under Section 80C, to reduce your taxable income. This regime is beneficial for those who have significant eligible deductions and exemptions.On the other hand, the new tax regime offers lower tax rates but eliminates most exemptions and deductions. This regime is designed to simplify the tax filing process and is beneficial for those who do not have many deductions to claim. Under the new regime, individuals earning up to Rs. 12 lakhs per year will not be liable to pay income tax, thanks to a rebate of Rs. 60,000. For salaried taxpayers, this limit increases to Rs. 12.75 lakhs due to a standard deduction of Rs. 75,000

With the savings from the new tax regime, it's important to make smart investment decisions to grow your wealth. Consider starting an SIP.

Disclaimer -This document represents the views of Axis Asset Management Co. Ltd. and must not be taken as the basis for an investment decision. Neither Axis Mutual Fund, Axis Mutual Fund Trustee Limited nor Axis Asset Management Company Limited, its Directors or associates shall be liable for any damages including lost revenue or lost profits that may arise from the use of the information contained herein. No representation or warranty is made as to the accuracy, completeness or fairness of the information and opinions contained herein. The AMC reserves the right to make modifications and alterations to this statement as may be required from time to time.Sector(s) / Stock(s) / Issuer(s) mentioned above are for the purpose of disclosure of the portfolio of the Scheme(s) and should not be construed as recommendation. Investors are requested to consult their financial, tax and other advisors before taking any investment decision(s).Axis Bank Ltd. is not liable or responsible for any loss or shortfall resulting from the operation of the scheme.Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.