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Old Tax Regime Calculator FY 2024-25

Calculate your income tax under the Old Tax Regime for Financial Year 2024-25 (Assessment Year 2025-26). Maximize deductions under Section 80C, 80D, HRA exemption, and compare with New Regime for optimal tax planning.

Maximum Deductions & Exemptions
Section 80C, 80D, HRA, LTA Available
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Tax Calculation Parameters

Old Regime Benefits FY 2024-25
Full deductions under Section 80C, 80D, 80G available
HRA, LTA exemptions for salaried individuals
Must opt-in explicitly while filing ITR
₹
₹12,00,000
₹5 Lakhs
₹7.5 Lakhs
₹12 Lakhs
₹20 Lakhs
Higher basic exemption limits for senior and super senior citizens
House Rent Allowance (HRA) Exemption
HRA exemption is lowest of: Actual HRA, 50% of basic (metro) / 40% (non-metro), or Rent paid - 10% of basic
Chapter VI-A Deductions
Section 80C Investments
Limit: ₹1,50,000
Section 80D (Health Insurance)
Limit: ₹25,000 (₹50,000 for seniors)
Section 80CCD(1B) (NPS)
Limit: ₹50,000 (additional)
Other Deductions
80G, 80E, 80TTA, etc.
₹92,400
Estimated Tax Liability under Old Regime

Tax Calculation Results

₹92,400
Total Tax Liability
₹11,07,600
Net Income After Tax
7.7%
Effective Tax Rate
₹3,15,000
Total Deductions
₹7,700
Monthly Tax Outgo

Tax Slab Breakdown

Tax Slab Visualization
Better Choice
Old Regime Recommended
You save ₹20,100 compared to New Regime
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Old Tax Regime Slabs FY 2024-25

Income SlabTax RateTax AmountCumulative TaxYour Income in Slab
₹1 - ₹250,0000%₹0₹0₹250,000
₹250,001 - ₹500,0005%₹9,250₹9,250₹185,000
₹500,001 - ₹1,000,00020%₹0₹9,250₹0
Above ₹1,000,00030%₹0₹9,250₹0
Income Slab Tax Rate Tax Amount Cumulative Tax Your Income in Slab
Up to ₹2,50,000 0% ₹0 ₹0 ₹2,50,000
₹2,50,001 - ₹5,00,000 5% ₹12,500 ₹12,500 ₹2,50,000
₹5,00,001 - ₹10,00,000 20% ₹79,900 ₹92,400 ₹3,99,500
Above ₹10,00,000 30% ₹0 ₹92,400 ₹0

Deductions & Exemptions Breakdown

Deduction Type Section Amount Claimed Maximum Limit Utilization
Standard Deduction - ₹50,000 ₹50,000 100%
HRA Exemption 10(13A) ₹1,20,000 As per calculation -
Investments (PPF, ELSS, etc.) 80C ₹1,50,000 ₹1,50,000 100%
Health Insurance 80D ₹25,000 ₹25,000 100%
National Pension System 80CCD(1B) ₹50,000 ₹50,000 100%
Total Deductions - ₹3,15,000 - -

Old vs New Tax Regime Comparison

Parameter Old Tax Regime New Tax Regime Difference Better Option
Basic Exemption Limit ₹2,50,000 ₹3,00,000 -₹50,000 New Regime
Standard Deduction ₹50,000 ₹75,000 -₹25,000 New Regime
Section 80C Deduction ₹1,50,000 Not Available +₹1,50,000 Old Regime
HRA Exemption ₹1,20,000 Not Available +₹1,20,000 Old Regime
Section 80D (Health Insurance) ₹25,000 Available Same Both
Your Tax Liability ₹92,400 ₹1,12,500 ₹-20,100 Old Regime

Key Features of Old Tax Regime FY 2024-25

  • Maximum Deductions: Full benefits of Section 80C, 80D, 80G and other deductions
  • HRA Exemption: Available for salaried individuals living in rented accommodation
  • Leave Travel Allowance: LTA exemption available for travel with family
  • Interest Deductions: Home loan interest (Section 24), education loan (Section 80E)
  • Must Opt-in: Need to explicitly choose old regime while filing ITR
  • Investment Proofs: Must maintain proofs for all deductions claimed

Maximum Deductions

Access to all deductions under Chapter VI-A including 80C, 80D, 80G with higher limits.

HRA Exemption

Claim House Rent Allowance exemption if you live in rented accommodation.

LTA Benefits

Leave Travel Allowance exemption for travel with family within India.

Interest Deductions

Home loan interest up to ₹2 lakhs, education loan interest without limits.

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