Tax Calculator 2024-25 New Regime De

Tax Calculator 2024-25 New Regime De. With the announcement of the new tax slabs, that will be an open option starting from april 1st 2024, the income tax calculator has been designed to help you get a comparative view between the two methods of tax computation — the old and new tax regime, so you can choose what fits you best. Many taxpayers are wondering whether they are allowed to switch their preferred income tax regime and avail new benefits announced by the central.

Applying deductions under sections like 80c, 80d, etc., which are subtracted from the total income to arrive at the taxable income. An individual has to choose between new.