The Income Tax Department has introduced a user-friendly calculator for the Assessment Year 2024-25 (Financial Year 2023-24). Accessible at: https://incometaxindia.gov.in/Pages/tools/115bac-tax-calculator-finance-act-2023.aspx, the tool efficiently compares tax liabilities under the Old Regime versus the New Regime. It also highlights potential tax savings based on the chosen regime, offering a fast and convenient experience for taxpayers.
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