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.
Income Tax Department Launches Calculator for FY 2023-24 & AY 2024-25
