Income Tax Calculator (Old Regime)
Enter your fixed annual CTC (e.g. 1000000 for ₹10,00,000).
In many companies, basic is 40–50% of CTC.
₹5,00,000
HRA & Rent
Deductions
EPF, PPF, ELSS, etc. (Max ₹1,50,000)
Additional NPS deduction (Max ₹50,000)
Default ₹2,400 (varies by state).
Summary (Old Regime)
Total CTC
₹10,00,000
Total Deductions (for tax)
₹0
Taxable Income
₹0
Total Tax (incl. 4% cess)
₹0
Take Home (Yearly)
₹10,00,000
Take Home (Monthly)
₹83,333
Standard Deduction
₹50,000
Effective Tax Rate
0%
Tax Calculation Details
HRA Exemption
HRA Received
₹0
50% / 40% of Basic
₹2,50,000
Rent − 10% of Basic
₹0
HRA Exemption (min)
₹0
Tax Slab Calculation
| Slab | Taxable Portion | Tax |
|---|
Rebate u/s 87A
₹0
Health & Education Cess (4%)
₹0
Total Tax Payable
₹0
Breakdown
Total CTC₹10,00,000
Standard Deduction– ₹50,000
HRA Exemption– ₹0
Section 80C– ₹0
80CCD(1B)– ₹0
Section 80D– ₹0
Other Deductions– ₹0
Professional Tax– ₹2,400
Taxable Income₹0
Total Tax (incl. cess)₹0
Take Home (Monthly)₹83,333
About Old Regime Income Tax Calculator (AY 2024–25)
This Old Regime Income Tax Calculator helps you estimate your tax liability for FY 2023–24 (AY 2024–25). It considers standard deduction, HRA exemption, Section 80C, 80CCD(1B), 80D and other deductions to show your taxable income and estimated take-home.
How to Use
- Enter your annual CTC and basic percentage.
- Fill HRA received, rent paid and select metro if applicable.
- Add deductions under 80C, 80CCD(1B), 80D and others.
- Update professional tax as per your state.
- Click “Calculate Tax” to see the updated tax and take-home salary.
Old Regime Tax Slabs (FY 2023–24)
- Up to ₹2.5L – No tax
- ₹2.5L to ₹5L – 5%
- ₹5L to ₹10L – 20%
- Above ₹10L – 30%
- 4% Health & Education Cess on the tax amount
Disclaimer
This calculator is for educational purposes only. Actual tax depends on your detailed salary structure and latest income tax rules. Please consult a CA or tax professional before filing returns.