New Regime Tax Calculator Ay 2024-25. An individual or huf has to exercise the option under section 115bac(5) to avail its benefit. It is advised that for filing of returns the exact calculation may be made as per the provisions contained in the relevant acts, rules etc.
Tap on the ‘go to next step’ button. Enter the assessment year for which you wish to compute taxes.
Income Up To ₹2.5 Lakh:
Hence, the last date for filing itr is july 31.
Income Tax Calculator To Know The Taxes To Be Paid For A Given Income And To Compare Old Vs New Tax Regimes (Scheme) For It Declaration With Your Employer Or To Know Your Tax Exposure.
In the advanced calculator tab, enter the following details:
How To Use The Online Income Tax Calculator?
Images References :
Understand Tax Rates, Deductions, &Amp; The New Tax Regime’s Impact On Your Financial Planning.
Whether opting for section 115bac.
New [Updated] Union Budget 2024 :
If you wish to opt for the old tax regime, you must specifically select it in the itr form.
This Regime Aims To Streamline Tax Calculations, Making It Easier For Those Who Don’t Have Many Deductions To Claim.
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