Tax Calculator 2024-25 New Regime. Standard deduction from salary income and family pension is extended to the employees who opt for new tax regime. This calculator will work for both old and new tax slab rates which were released in 2023 and updated in budget 2024.
Income tax calculator to know the taxes to be paid for a given income and to compare old vs new tax regimes (scheme) for it declaration with your employer or to know your tax exposure. The new tax regime under section 115bac is proposed to serve as the default regime.
25,000 Or The Amount Of Tax Payable (Whichever Is Lower) As Tax Relief.
In the advanced calculator tab, enter the following details:
This Regime Aims To Streamline Tax Calculations, Making It Easier For Those Who Don’t Have Many Deductions To Claim.
Enter the assessment year for which you wish to compute taxes.
Check How Much Income Tax You Need To Pay.
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Tap On The ‘Go To Next Step’ Button.
Tax calculator allows you to calculate taxes based on your income.
This Calculator Will Work For Both Old And New Tax Slab Rates Which Were Released In 2023 And Updated In Budget 2024.
It is advised that for filing of returns the exact calculation may be made as per the provisions contained in the relevant acts, rules etc.
