Income Tax Slabs 2025 Slashed In Budget 2025 — 5 Income Tax Calculators To Check 2024 Status

Income tax windfall! In her Union Budget 2025 presentation, Finance Minister Nirmala Sitharaman made a huge announcement that raised the spirits of middle-class taxpayers: income up to Rs 12 lakh will not be subject to income tax. According to the FM, the rebate is up to Rs 12.75 lakh when standard deductions are taken into consideration under the new tax regime.

However, what all this serves to do, is to remind you to check what is your income tax payable under the old income tax regime and the new income tax regime for the current fiscal. So, what can you do? Well, there are certain apps with income tax calculators that you can turn to, to check the income tax you owe to the taxman.

However, do note that the income tax changes announced today will be applicable next time. This time, or this fiscal year, you will need to file your income tax returns on the basis of the changes in the new tax regime made in Budget 2024 that was presented in July 2024.

If you’re looking to check how much income tax you’ll have to pay on your salary during the fiscal year 2024-25, the last date being July 31, 2025, you can easily calculate through the income tax calculators available on these 5 apps including Taxmann, MyTax India, Aaykar Setu, Vakilsearch and more:

The Taxmann income tax calculator is a complete financial management and tax planning tool. Its user-friendly interface gives a precise estimate of taxes due based on taxable income, exemptions, and deductions. An analysis of the taxpayer's income tax burden, including a breakdown of the different components of taxes payable, is provided by the calculator, and it is updated with the most recent tax legislation and rates. 

MyTax India income tax calculator has a user-friendly interface and it makes it possible for users to complete income tax planning and computation, which most taxpayers find extremely complicated. The app makes it easy to predict your tax liability and take advantage of tax-saving tools. Its sophisticated tools help taxpayers comprehend how income taxes are calculated and how they can save taxes.

While this initiative of the Income Tax Department helps users comprehend the various nuances of income tax, direct tax, PAN, and more, one of its main tools is the income tax calculator. The tax calculator helps taxpayers estimate their tax liability based on their income and deductions.

The Income Tax Calculator app provides an easy platform that assists you in quickly calculating the tax due on your income based on the most recent tax rates. The app takes into account everything from rebates and deductions and is particularly helpful for salaried workers and pensioners to calculate their income tax returns.

The financial and legal services platform assists both individuals and companies in planning their income tax-saving investments and estimating their tax obligations. Based on the most recent income tax rules and regulations in India, the app provides precise tax estimates. It also has an easy and intuitive user experience.

Check out the table below for how much an income tax payer can save after the Budget 2025 announcements by FM Nirmala Sitharaman.