Income tax calculator ay 2024-25

New Tax Regime Calculator FY 2023-24 (AY 2024-25): Finance Minister Nirmala Sitharaman proposed to reduce the number of tax slabs under the clutter-free New Tax Regime from six to five. The revised tax slabs under the new regime will be applicable for Assessment Year (AY) 2024-25 or for the income made in FY 2023-24. For income in FY 2022-23 (AY 2023-24), you will have to file Income Tax Return as per the old tax slabs. As per the latest tax slabs under the New Regime, individuals having an annual income of Rs 5-6 lakh will have to pay 5% tax while those earning Rs 6-9 lakh will have to pay 10% of their income as tax. Further, individuals earning Rs 9-12 lakh per year will pay 15% tax while those earning Rs 12-15 lakh annually will pay 20% tax. The tax rate for individuals earning more than Rs 15 lakh will pay 30% tax. Interestingly, the Finance Minister has made annual income up to Rs 7 lakh tax-free by increasing the rebate limit. But what about those earning Rs 7.5 lakh or Rs 8.5 lakh per year? You can calculate your tax liability in the Income Tax Calculator given below. With this calculator, you can also make a comparison of your tax liability under old and new regimes. Calculator New Tax Regime Calculator FY 2023-24 (AY 2024-25) The following chart prepared by Dr Suresh Surana, Founder of RSM India, will also help: Individual Tax on Income under New Tax Regime for FY 2023-24(AY 2024-25) Income Level Basic Surcharge Cess Tax Liability 2,50,000 3,00,000 5,00,000 6,00,0...

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Income Tax basic exemption limit and tax slabs for individuals & HUFs for AY 2024-25 as per Union Budget 2023-24 The basic income tax exemption limit and tax slabs for individuals can be broadly categoriesd as under: (i) Optional Simplified Personal Tax Regime (New Tax Regime) under section 115BAC, and (ii) Those not exercising option under Simplified Personal Tax Regime A. Simplified Personal Tax Regime for AY 2024-25 after Union Budget 2023-24 For the AY 2024-25, the basic exemption limit for New Tax Regime has been increased to Rs. 3 lakhs and number of tax slabs have bene reduced to five as under: Upto Rs 3.00 lakhs Nil Income more than Rs. 3 lakhs up to 6 lakh 5% Income more than Rs. 6 lakhs up to 9 lakh 10% Income more than 9 lakhs upto 12 lakhs 15% Income more than 12 lakhs up to 15 lakhs 20% Income above Rs. 15 Lkahs 30% Simplified Personal Tax Regime for AY 2023-24 Currently, the Income Tax basic exemption limit and slabs for taxation under Simplified Personal Tax Regime for AY 2023-24 are as under: Upto Rs 2.50 lakhs Nil Income more than Rs. 2.5 lakhs up to 5 lakh 5% Income more than Rs. 5 lakhs up to 7.50 lakh 10% Income more than 7.50 lakhs upto 10 lakhs 15% Income more than 10 lakhs up to 12.50 lakhs 20% Income more than 12.50 lakhs up to 15 lakhs 25% Income above Rs. 15 Lkahs 30% The assessee opting New Tax Regime are not entitled to claim any deductions. B. Income Tax Basic Exemption Limit and tax slabs/rates for AY 2024-25 after Union Budget 2023-24 No chan...

Life Insurance Plans • • HDFC Life Click 2 Protect Super • QuickProtect • HDFC Life Click 2 Protect Life • • • HDFC Life Sanchay Plus • HDFC Life Guaranteed Income Insurance Plan • HDFC Life Sanchay Par Advantage • • • HDFC Life Sampoorn Nivesh • HDFC Life Smart Protect Plan • HDFC Life Click 2 Wealth • • • HDFC Life Systematic Retirement Plan • HDFC Life Pension Guaranteed Plan • HDFC Life Smart Pension Plus • • • HDFC Life Click 2 Retire • HDFC Life Systematic Pension Plan • HDFC Life Guaranteed Pension Plan • • • HDFC Life YoungStar Udaan • HDFC SL YoungStar Super Premium • • • HDFC Life Sanchay Maximiser • • • HDFC Life Group Poorna Suraksha • HDFC Life Group Credit Protect Plus • HDFC Life Group Term Insurance • • • Click 2 protect optima secure • HDFC Life Cardiac Care • HDFC Life Cancer Care • • Claims • Customer Service • Fund Performance SUBMIT This service is available between 9 AM - 9 PM IST Disclaimer : By submitting your contact details, you agree to HDFC Life's Privacy Policy and authorize HDFC Life and/or its authorized Service Providers to verify the above information and/or contact you to assist you with the purchase. This will override any NDNC registration made by you. Income Tax Calculator You can use an income tax calculator online to quickly understand your tax liability. The income tax calculator is a simple tool that gets updated with the latest rules and regulations and shows you your accurate income tax liability for the year. To understand how mu...

Automatic Calculator in excel format for Financial Year 2022-23 (AY 2023-24) and Financial Year 2023-24 (AY 2024-25) contains All in One Calculator with Salary Statement, Computation Sheets & Form-16. Govt. had introduced a new tax regime of lower tax rates in Budget 2020. Which was continue in FY-2022-23 too. New Tax Regime was optional. But in Budget 2023 Govt. has pushed for adoption of the new tax regime of lower tax rates in a big way. The New tax regime is by default in Nature for FY 2023-24, However the individual will have an option to continue with the old income-tax regime at the time employers are deducting TDS. OR at the time for filing of ITR Now It is very difficult to taxpayers to choose suitable regime without calculate the actual tax according to both regimes. For financial year 2022-23 and 2023-24. This Auto Income tax calculator tool will help you to calculate the tax and compare according to both regimes in very simple way and suggest you that which tax regime would be better option (with less tax) at the time for deduction of TDS and filing the ITR. It is an automatic Tax Calculator consist Salary statement, Computation sheets, Form-16 (in Both Regimes), Income from House Property and Tax calculation sheets to print. Information & Rules (with hyperlinks) for Exemption and deductions with Income Tax slab rates in both regimes. Once you enter the amount in blank cells. other cells calculate tax and prepare Computation sheets and form-16 automatically. Pr...

Life Insurance Plans • • HDFC Life Click 2 Protect Super • QuickProtect • HDFC Life Click 2 Protect Life • • • HDFC Life Sanchay Plus • HDFC Life Guaranteed Income Insurance Plan • HDFC Life Sanchay Par Advantage • • • HDFC Life Sampoorn Nivesh • HDFC Life Smart Protect Plan • HDFC Life Click 2 Wealth • • • HDFC Life Systematic Retirement Plan • HDFC Life Pension Guaranteed Plan • HDFC Life Smart Pension Plus • • • HDFC Life Click 2 Retire • HDFC Life Systematic Pension Plan • HDFC Life Guaranteed Pension Plan • • • HDFC Life YoungStar Udaan • HDFC SL YoungStar Super Premium • • • HDFC Life Sanchay Maximiser • • • HDFC Life Group Poorna Suraksha • HDFC Life Group Credit Protect Plus • HDFC Life Group Term Insurance • • • Click 2 protect optima secure • HDFC Life Cardiac Care • HDFC Life Cancer Care • • Claims • Customer Service • Fund Performance SUBMIT This service is available between 9 AM - 9 PM IST Disclaimer : By submitting your contact details, you agree to HDFC Life's Privacy Policy and authorize HDFC Life and/or its authorized Service Providers to verify the above information and/or contact you to assist you with the purchase. This will override any NDNC registration made by you. Income Tax Calculator You can use an income tax calculator online to quickly understand your tax liability. The income tax calculator is a simple tool that gets updated with the latest rules and regulations and shows you your accurate income tax liability for the year. To understand how mu...

New Tax Regime Calculator FY 2023-24 (AY 2024-25): Finance Minister Nirmala Sitharaman proposed to reduce the number of tax slabs under the clutter-free New Tax Regime from six to five. The revised tax slabs under the new regime will be applicable for Assessment Year (AY) 2024-25 or for the income made in FY 2023-24. For income in FY 2022-23 (AY 2023-24), you will have to file Income Tax Return as per the old tax slabs. As per the latest tax slabs under the New Regime, individuals having an annual income of Rs 5-6 lakh will have to pay 5% tax while those earning Rs 6-9 lakh will have to pay 10% of their income as tax. Further, individuals earning Rs 9-12 lakh per year will pay 15% tax while those earning Rs 12-15 lakh annually will pay 20% tax. The tax rate for individuals earning more than Rs 15 lakh will pay 30% tax. Interestingly, the Finance Minister has made annual income up to Rs 7 lakh tax-free by increasing the rebate limit. But what about those earning Rs 7.5 lakh or Rs 8.5 lakh per year? You can calculate your tax liability in the Income Tax Calculator given below. With this calculator, you can also make a comparison of your tax liability under old and new regimes. Calculator New Tax Regime Calculator FY 2023-24 (AY 2024-25) The following chart prepared by Dr Suresh Surana, Founder of RSM India, will also help: Individual Tax on Income under New Tax Regime for FY 2023-24(AY 2024-25) Income Level Basic Surcharge Cess Tax Liability 2,50,000 3,00,000 5,00,000 6,00,0...

Income Tax basic exemption limit and tax slabs for individuals & HUFs for AY 2024-25 as per Union Budget 2023-24 The basic income tax exemption limit and tax slabs for individuals can be broadly categoriesd as under: (i) Optional Simplified Personal Tax Regime (New Tax Regime) under section 115BAC, and (ii) Those not exercising option under Simplified Personal Tax Regime A. Simplified Personal Tax Regime for AY 2024-25 after Union Budget 2023-24 For the AY 2024-25, the basic exemption limit for New Tax Regime has been increased to Rs. 3 lakhs and number of tax slabs have bene reduced to five as under: Upto Rs 3.00 lakhs Nil Income more than Rs. 3 lakhs up to 6 lakh 5% Income more than Rs. 6 lakhs up to 9 lakh 10% Income more than 9 lakhs upto 12 lakhs 15% Income more than 12 lakhs up to 15 lakhs 20% Income above Rs. 15 Lkahs 30% Simplified Personal Tax Regime for AY 2023-24 Currently, the Income Tax basic exemption limit and slabs for taxation under Simplified Personal Tax Regime for AY 2023-24 are as under: Upto Rs 2.50 lakhs Nil Income more than Rs. 2.5 lakhs up to 5 lakh 5% Income more than Rs. 5 lakhs up to 7.50 lakh 10% Income more than 7.50 lakhs upto 10 lakhs 15% Income more than 10 lakhs up to 12.50 lakhs 20% Income more than 12.50 lakhs up to 15 lakhs 25% Income above Rs. 15 Lkahs 30% The assessee opting New Tax Regime are not entitled to claim any deductions. B. Income Tax Basic Exemption Limit and tax slabs/rates for AY 2024-25 after Union Budget 2023-24 No chan...

• CCI Online Learning • Enrolled Courses • GST Plus • Certification Course • Books • Articles • News & Updates • Forum • Share Files • Experts • Notifications & Circulars • Judiciary • Budget • GST • Income Tax • Accountancy • Corporate Law • Audit • Students • Jobs • Bookmarks • Feed • Featured • Top Members • Rewards • Scorecard 

Automatic Calculator in excel format for Financial Year 2022-23 (AY 2023-24) and Financial Year 2023-24 (AY 2024-25) contains All in One Calculator with Salary Statement, Computation Sheets & Form-16. Govt. had introduced a new tax regime of lower tax rates in Budget 2020. Which was continue in FY-2022-23 too. New Tax Regime was optional. But in Budget 2023 Govt. has pushed for adoption of the new tax regime of lower tax rates in a big way. The New tax regime is by default in Nature for FY 2023-24, However the individual will have an option to continue with the old income-tax regime at the time employers are deducting TDS. OR at the time for filing of ITR Now It is very difficult to taxpayers to choose suitable regime without calculate the actual tax according to both regimes. For financial year 2022-23 and 2023-24. This Auto Income tax calculator tool will help you to calculate the tax and compare according to both regimes in very simple way and suggest you that which tax regime would be better option (with less tax) at the time for deduction of TDS and filing the ITR. It is an automatic Tax Calculator consist Salary statement, Computation sheets, Form-16 (in Both Regimes), Income from House Property and Tax calculation sheets to print. Information & Rules (with hyperlinks) for Exemption and deductions with Income Tax slab rates in both regimes. Once you enter the amount in blank cells. other cells calculate tax and prepare Computation sheets and form-16 automatically. Pr...