The new Tax Regime was introduced in Union Budget 2020-21. So now there is old tax regime, new tax regime applicable till AY 2023-24 and Revised new Tax Regime applicable from AY 2024-25. Now taxpayer has a choice to Take Deductions and stick with the old tax slabs and not take ...
Use our income tax calculator to calculate tax payable on your income for FY 2024-25 (old tax regime vs new tax regime), FY 2023-24, and FY 2022-23. Get accurate results in just a few simple steps! 1Basic details 2Income details ...
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...