INCOME TAX CALCULATOR FOR A.Y. 2025-26 (F.Y. 2024-25) (FOR RESIDENT INDIVIDUAL AGE BELOW 60 YEARS AND HAVING INCOME UP TO RS.50 LAKH AND WHICH WAS TAXABLE AS PER NORMAL SLAB RATES)
INCOME TAX CALCULATOR FOR A.Y. 2025-26 (F.Y. 2024-25) (FOR RESIDENT INDIVIDUAL AGE BELOW 60 YEARS AND HAVING INCOME UP TO RS.50 LAKH AND WHICH WAS TAXABLE AS PER NORMAL SLAB RATES)

INCOME TAX CALCULATOR FOR A.Y. 2025-26 (F.Y. 2024-25) (FOR RESIDENT INDIVIDUAL AGE BELOW 60 YEARS AND HAVING INCOME UP TO RS.50 LAKH AND WHICH WAS TAXABLE AS PER NORMAL SLAB RATES).

Enter Actual Amount of Income and Deductions in black highlighted cells and it gives you Calculation of Tax Amount as per Old Regime and New Regime and also indicate which regime is beneficial for you

Some Unique Features of this Tax Calculator for FY 2024-25

  • It provides Calculation of Tax (slab rate wise tax on income)
  • It considers the effect of Standard Deduction for Salary Income (Rs.50,000 for old regime and Rs.75,000 for new regime)
  • It considers effects of marginal relief for new tax regime
  • It provides difference between tax amount under both regime and also indicates which regime is beneficial

https://drive.google.com/file/d/1jC7kKGFC88uRahXWk32dTNacs46X2vo0/view

Download the excel file from above link and enter the amounts in black highlighted cells

Taxation Updates (CA Mayur J Sondagar)

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