For everyone: 80C Deductions up to 1.5 lakhs (EPF, PPF, Life Insurance), Home Loan Interest under section 24 in respect of the self-occupied or vacant propertyThe image below shows examples in the new and revised new Tax regimeExample of new and revised new tax regimePros...
From the drop-down under the ‘Assessment Year’ section, select the assessment year for which you wish to calculate income tax. Select the ‘Age Category’ from: Below 60 60 or above 80 or above This will determine your income tax rate in the old tax regime, hence it is important to ...