Income Details
New Regime
Old Regime
Detailed Breakdown
GST Details
GST Breakdown
TDS Details
TDS Breakdown
New Tax Regime — FY 2024-25 (Default)
| Taxable Income | Rate |
|---|---|
| Up to ₹3,00,000 | Nil |
| ₹3,00,001 – ₹7,00,000 | 5% |
| ₹7,00,001 – ₹10,00,000 | 10% |
| ₹10,00,001 – ₹12,00,000 | 15% |
| ₹12,00,001 – ₹15,00,000 | 20% |
| Above ₹15,00,000 | 30% |
✅ Standard deduction ₹75,000 available.
✅ Rebate u/s 87A: up to ₹25,000 for taxable income ≤ ₹7,00,000.
❌ Most exemptions & deductions not allowed.
✅ Rebate u/s 87A: up to ₹25,000 for taxable income ≤ ₹7,00,000.
❌ Most exemptions & deductions not allowed.
Old Tax Regime (Below 60 years)
| Taxable Income | Rate |
|---|---|
| Up to ₹2,50,000 | Nil |
| ₹2,50,001 – ₹5,00,000 | 5% |
| ₹5,00,001 – ₹10,00,000 | 20% |
| Above ₹10,00,000 | 30% |
✅ Rebate u/s 87A: up to ₹12,500 for taxable income ≤ ₹5,00,000.
✅ 80C (₹1.5L), HRA, NPS, LTA, home loan interest etc. allowed.
✅ Senior Citizen exempt up to ₹3L; Super Senior up to ₹5L.
✅ 80C (₹1.5L), HRA, NPS, LTA, home loan interest etc. allowed.
✅ Senior Citizen exempt up to ₹3L; Super Senior up to ₹5L.
Surcharge on Income Tax
| Taxable Income | Surcharge Rate |
|---|---|
| Up to ₹50,00,000 | Nil |
| ₹50,00,001 – ₹1,00,00,000 | 10% |
| ₹1,00,00,001 – ₹2,00,00,000 | 15% |
| ₹2,00,00,001 – ₹5,00,00,000 | 25% |
| Above ₹5,00,00,000 | 37% (Old) / 25% (New) |
GST Rate Categories
| Rate | Category | Common Examples |
|---|---|---|
| 0% | Exempt / Nil | Fresh milk, eggs, vegetables, grains, books, newspapers |
| 5% | Basic necessities | Sugar, edible oil, packaged food, medicines, transport |
| 12% | Standard goods | Butter, cheese, processed food, smartphones, business class |
| 18% | Most services | IT services, restaurants, telecom, banking, AC hotels |
| 28% | Luxury / demerit | Cars, tobacco, aerated drinks, casinos, 5-star hotels |
Common TDS Rates (FY 2024-25)
| Section | Nature of Payment | Rate | Threshold |
|---|---|---|---|
| 192 | Salary | Slab rate | Basic exemption |
| 194A | Interest (FD / bank) | 10% | ₹40,000 / ₹50,000 (senior) |
| 194B | Lottery / prize money | 30% | ₹10,000 |
| 194C | Contractor / sub-contractor | 1% / 2% | ₹30,000 single / ₹1L annual |
| 194D | Insurance commission | 5% | ₹15,000 |
| 194I | Rent | 2% / 10% | ₹2,40,000 p.a. |
| 194J | Professional / technical fees | 10% | ₹30,000 |
| 194IA | Immovable property purchase | 1% | ₹50,00,000 |
| 194O | E-commerce operator | 1% | ₹5,00,000 |