Old Vs New Tax Regime Calculator Ay 2024-25. By providing inputs with respect to income(s) earned and deductions claimed as per the act. This calculator can also be used as new tax regime calculator.
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. 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.
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.
Municipal taxes paid during the year.
Notably, It Asks For Deductions/Exemptions Not Applicable In The New Tax Regime And Thus Facilitates A Comparison.
Whether you’re under the old or new regime, income tax calculator can help you calculate your tax liability for both with just a few clicks.
Old Vs New Tax Regime Calculator Ay 2024-25 Images References :
Click On 'Go To Next Step' 4.
You can calculate your tax liability in the income tax calculator given below.
Following Are The Steps To Use The Tax Calculator:
Most of the popular deductions such as section 80c, section 80d, and hra are not available in the new tax regime so if you want to claim such deductions you can choose the old tax regime while filing itr.