Calculate Your Tax Return Under New And Old Tax Regimes

Income Tax Calculator 2023-24

Calculate Your Tax Return Under New and Old Tax Regimes

What's New?

The Income Tax Department has launched a new income tax calculator that allows users to compute their tax liability under both the new and old tax regimes for the financial year 2023-24 (Assessment Year 2024-25).

Benefits of Using the Calculator

The calculator provides taxpayers with the following benefits:

• Accurate tax calculation based on the latest tax laws
• Comparison of tax liability under different tax regimes
• Easy-to-use interface for simplified calculations

How to Use the Calculator

To use the calculator, follow these steps:

1. Visit the Income Tax Department's website.
2. Select "Services" from the top menu, and then click on "Calculate Your Tax Liability."
3. Enter your income details and other relevant information.
4. Choose the desired tax regime (new or old) and click on "Calculate Tax."

Important Note

The calculator is intended to provide an estimate of tax liability. Taxpayers are advised to consult a qualified tax professional to ensure accurate tax filing and compliance with all applicable regulations.