Get updated tax slabs, deductions and budget changes for smart tax planning. Compare old vs new tax regime, get personalized recommendations. This free excel tool is built with the latest new regime slab rates, ₹75,000 standard deduction,.
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The cleartax online income tax calculator is highly accurate and effective in calculating your tax liability, as it fully complies with the rules and regulations of the income tax act, 1961. Includes standard deduction of ₹75,000, nps deduction under 80ccd (2), and tax rebate up to ₹60,000 for income up to ₹12l. If a taxpayer opts for the new tax regime as per section 115bac, they are required to forgo exemptions and deductions while.
Then, press the calculate button to view the amount of tax owed under both tax.
Compare old vs new tax. What is the difference between the old tax regime and new tax regime?
