Income Tax

Calculate Tax Of New Regime And Old Regime

February 7, 2020
Team Taxmount
2,194 Comments

A new Income Tax Calculator for Resident Individual has been put on Income Tax E-filling Web Site to Calculate Tax Benefit of New Regime and Old Regime.

You have to fill –
(1) Age
(2) Estimated Annual Income #
(3) Exemptions / Deductions*

Disclaimer:
This calculator is only meant to provide a basic idea of the estimated impact of the new provisions. Refer to the Income Tax Provisions for the actual provisions and eligibility

All tax calculations (includes cess) are excluding Surcharge & Total Eligible Exemptions / Deductions are assumed to be Zero in New Regime.

# Not applicable for any Income with special rates
* Deductions and Exemptions eligible as per Old regime.

Link
https://www.incometaxindiaefiling.gov.in/Tax_Calculator/index.html?lang=eng

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