Old Regime Income Tax Calculator India
Looking for an easy way to calculate taxes under the old regime? Use our Old Regime Tax Calculator India to estimate your income tax, deductions, and exemptions quickly and accurately.
Income Tax Calculator
(Old Regime Tax Calculator)
| Head | Details/ Amt. |
|---|---|
| Gross Income | |
| Exemptions u/s 10 A (HRA etc.) | |
| Professional Tax | |
| Net Income under Salaries | 0.00 |
| Standard Deduction (Auto Applied) | 50000 |
| Deductions u/s 80 C (PF, PPF, Ins, ELSS, NPS: Max Rs.150000) | |
| Deductions u/s 80 CCD (NPS: Max Rs. 50000/-) | |
| Deductions u/s 80 D (Health Insurance: Max Rs. 35000/- ) | |
| Deductions u/s 80 G (Eligible Donations) | |
| Deductions u/s 80 E (Education Loan Interest) | |
| Deductions u/s 80 TTA (FD/Post Office Interest: Max Rs. 40000/-) | |
| Tax Benefit u/s 24 (Home Loan Interest Paid: Max Rs. 200000/-) | |
| Total Deductions/Benefits | 0.00 |
User Guide Old Regime Income Tax Calculator India
Enter Gross Income – Input your total annual earnings.
Select Payee Type – Choose between Male, Female, Senior Citizen, or Very Senior Citizen.
Choose Financial Year – Select the relevant assessment year.
Add Exemptions – Enter applicable exemptions like HRA.
Input Deductions – Provide details for deductions under 80C, 80D, 80G, etc.
Click Calculate – Get your tax liability instantly.
Reset if Needed – Start over with fresh inputs.
Key Features of Old Regime Income Tax Calculator India
Calculates tax liability under the old tax regime.
Includes standard deductions (INR 50,000 applied automatically).
Supports multiple deductions like 80C, 80D, 80G, 80E, and home loan benefits.
Covers HRA and Professional Tax exemptions.
Instant results with an easy-to-use interface.
Benefits of Old Regime Income Tax Calculator India
Saves Time – Quickly compute your tax without complex formulas.
Accurate Estimates – Ensures precise calculations based on the old regime.
Mobile-Friendly – Accessible on any device.
Free to Use – No hidden charges or subscriptions.
Helps with Tax Planning – Identify savings opportunities before filing returns.
 |
| Old Regime Tax Calculator India |
Conclusion
Our Old Regime Tax Calculator India simplifies tax calculations, making it easy to understand deductions and exemptions. Use it today to estimate your tax liability and optimize savings effortlessly.
FAQ
What is the Old Regime Tax Calculator for FY 2024-25?
The Old Regime Tax Calculator helps individuals compute their income tax liability based on old tax slabs, deductions, and exemptions.
How is income tax calculated under the old regime?
Income tax under the old regime is calculated using predefined tax slabs and allows deductions like HRA, 80C, 80D, and standard deduction.
What are the income tax slabs for the old regime in FY 2024-25?
For FY 2024-25, the old regime tax slabs remain unchanged. They start from 5% for income above ₹2.5 lakh and go up to 30% for income above ₹10 lakh.
Can I claim deductions under the old tax regime?
Yes, you can claim deductions such as Section 80C (₹1.5 lakh), 80D (health insurance), HRA, LTA, and standard deduction of ₹50,000.
How does the old tax regime compare with the new tax regime?
The old regime allows deductions and exemptions, whereas the new tax regime offers lower tax rates but without most deductions.
Is the Old Regime Tax Calculator free to use?
Yes, our Old Regime Tax Calculator is completely free to use and provides accurate tax estimates instantly.
Who should opt for the old tax regime?
Taxpayers with high deductions under 80C, 80D, HRA, etc., may benefit from the old regime compared to the new regime.
Where can I access the Old Regime Tax Calculator?
You can access the Old Regime Tax Calculator on Pratham Careers (https://www.prathamcareers.in/) for quick and accurate tax calculations.
