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Calculate your taxes for FY 2023-24 under the new and old tax regimes with this online tool. Compare your tax liability, get tax benefit, and plan your investments with the latest budget updates and slab rates.
Income Tax Calculator - How to calculate Income taxes online? for FY 2023-24 (AY 2024-25) and FY 2024-25 (AY 2025-26) with ClearTax Income Tax Calculator. Refer examples and tax slabs for easy calculation.
The Income and Tax Calculator service enables both registered and unregistered e-Filing users to calculate tax as per the provisions of Income Tax Act, Income-tax rules, Notifications etc. by providing inputs with respect to income (s) earned and deductions claimed as per the Act.
Calculate your income tax for FY 2024-25 (old and new tax regimes) with this online tool. Enter your basic details, income sources, exemptions, deductions, and capital gains to get your taxable income and tax liability.
- Tax payable on salary is based on your total taxable income after all the deductions and exemptions, the income tax slab you belong to, and the tax...
- Typically the last date for filing an income tax return is 31st July after the end of the financial year. But it may be further extended as per the...
- Exemptions are a part of your income on which tax is not applicable. For example, a part of your LTA (Leave travel allowance) is considered an exem...
- The major tax provisions introduced in the Budget 2022 are shown below: Taxpayers can file the updated return within two years from the last assess...
- Under the new tax regime, all deductions under Chapter VIA such as 80C, 80CCC, 80CCD, 80D, 80DD, 80DDB, 80E, 80G, 80GG, 80GGA, 80GGC, are not avail...
- Under the new tax regime, individuals can not claim popular deductions such as PPF, ELSS, insurance, etc. However, the slab rates are different. He...
- Yes, the new tax regime is optional. You can opt for the new or old tax regime at the beginning of a financial year and cannot change it till the n...
- Information required at the time of e-filling are as follows: Basic details such as PAN number, Adhar number, and Address Details of income earned...
- If the taxable income of the individual exceeds the basic exemption limit of Rs.2.5 lakh in a financial year, then it is mandatory to file the inco...
- The maximum non-taxable income limit is Rs 2.5 lakh. If your total taxable income is below Rs 2.5 lakh, then you are not required to pay any tax. I...
Calculate your income tax for assessment year 2023-24 based on your tax payer, residential status, net taxable income and other factors. Select the relevant options and enter the required details to get the tax liability and cess amounts.
Income Tax Calculator: How to calculate Income taxes online? for FY 2023-24, FY 2024-25 with Moneycontrol Income Tax Calculator. Check examples & old and new tax slabs for easy...
People also ask
What is income tax calculator FY 2023-24?
What is the new slab rate for FY 2023-24?
What is the maximum non taxable income in FY 2023?
How to calculate income tax for FY 2024-25?
Estimate your income tax liability or refund for FY 2024-25 with this simple online tool. Enter your income details, deductions, and choose the tax regime to calculate your taxes as per the latest provisions of the Income Tax Act.
