You have follow the steps given below to figure out the tax payable on your income for FY 2024-25 or AY 2025-26: Step 1: Provide your basic details Select the financial year from the dropdown menu for which you want to calculate the income tax, then input your basic details such as ...
Rs 20 lakh 4,25,000 Table of Contents Revised New Tax Regime from AY 2024-25 Overview of Old tax system vs new To choose old or new Tax System Some Important Points about Old and New Tax Slabs Pros of the old tax regime Cons of the old tax regime What are income tax slabs and ...
The Union Budget 2023 revised the new tax regime to be the default regime, effective from April 1, 2023. The old tax regime is, however, still available for taxpayers to use and it retains the benefit of exemptions and deductions. Under the new regime, the income tax slabs are the same...
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