Income tax calculator for fy 2023-24

Income Tax Calculator under old and New Regime (1) Calculate Tax FY 2023-24 (AY 2024-25) as Proposed In Budget dt. 01.02.23 (2) Calculates online Income Tax after the benefit of standard deduction of Rs. 50000/- and eligible deductions (under old Regime) and without Exemptions (under New Regime) of tax rates / slabs) Change / Select Calculator 5 (a) Rent Received or Receivable or Annual Lettable Value 5 (b) Taxes paid to Local Authorities 5 (c) Annual Value of Property 5 (d) Standard Deduction 30% of 6(c) 5 (e) Interest Paid on Home Loan (rented/let out property) (Max Rs. 2.00 Lac) 5 (f) Income / Loss (-ve) from House Property Next - Step 2 Enter Eligible Deductions / Click button "Calculate Tax" Step 2 (Enter Eligible Deductions) ↓↑ For Parents Above 60 (Max. Rs. 50,000/-) Less: Section 80DDB (Max. limit Rs 1 lac) Less: Section 80DDB (Max Rs. 1 lac) 10 Additional contribution to NPS - u/s 80CCD (max 50000) 11 Serving of Intt.on Education Loan (u/s 80E) 12 Deductionn under Section 80EE Interest on loan for acquiring residential house property, sanctioned during FY 2016-17 (Max Rs. 50000) 13 Deduction under Section 80EEA Interest on loan for acquiring residential house property, sanctioned during FY 2019-20 (Max Rs. 150000) 14 Deduction under Section 80EEB Interest Deduction in respect of purchase of electric vehicle, during FY 2019-20 to 2022-23 (Max Rs. 150000) Calculate Tax Step 3 - Your Tax calculations are displayed here "Show Tax Calculations FY 2023-24" Show Tax Calc...

Tata AIA Income Tax Calculator For taxpayers in India, income tax calculation* and the process of filing taxes forms an important part of financial planning. With different tax deductions and exemptions provisions available under different sections of the Income Tax Act, you can benefit from tax savings each financial year. An income tax calculator available online makes it easier for you to plan your finances and taxes as you can compute how much tax you will have to pay as per your taxpayer category under the income tax slab rates. Use our income tax calculator to check your tax liability for financial year (FY) 2023-24. What Is an Income Tax Calculator? The income tax calculator is a quick and easy-to-use online tool that can be found on the official website of the Income Tax Department as well as on other third-party websites. The tax calculator can be used to get an estimate of the taxes you pay based on your taxable income and your deductible investment and expenses. However, your taxable income determination will also be subject to new changes that may be presented in the Union Budget in India each year. Therefore, while using the tax calculator, it is important to choose the correct financial year for which you want to file your taxes. An important feature of the income tax calculator is that the tool will consider your age, income, expenses, investments, the interest paid on your home loans, and various other details to give you the results. Moreover, it also gene...

Income Tax Calculator under old and New Regime (1) Calculate Tax FY 2023-24 (AY 2024-25) as Proposed In Budget dt. 01.02.23 (2) Calculates online Income Tax after the benefit of standard deduction of Rs. 50000/- and eligible deductions (under old Regime) and without Exemptions (under New Regime) of tax rates / slabs) Change / Select Calculator 5 (a) Rent Received or Receivable or Annual Lettable Value 5 (b) Taxes paid to Local Authorities 5 (c) Annual Value of Property 5 (d) Standard Deduction 30% of 6(c) 5 (e) Interest Paid on Home Loan (rented/let out property) (Max Rs. 2.00 Lac) 5 (f) Income / Loss (-ve) from House Property Next - Step 2 Enter Eligible Deductions / Click button "Calculate Tax" Step 2 (Enter Eligible Deductions) ↓↑ For Parents Above 60 (Max. Rs. 50,000/-) Less: Section 80DDB (Max. limit Rs 1 lac) Less: Section 80DDB (Max Rs. 1 lac) 10 Additional contribution to NPS - u/s 80CCD (max 50000) 11 Serving of Intt.on Education Loan (u/s 80E) 12 Deductionn under Section 80EE Interest on loan for acquiring residential house property, sanctioned during FY 2016-17 (Max Rs. 50000) 13 Deduction under Section 80EEA Interest on loan for acquiring residential house property, sanctioned during FY 2019-20 (Max Rs. 150000) 14 Deduction under Section 80EEB Interest Deduction in respect of purchase of electric vehicle, during FY 2019-20 to 2022-23 (Max Rs. 150000) Calculate Tax Step 3 - Your Tax calculations are displayed here "Show Tax Calculations FY 2023-24" Show Tax Calc...

Tata AIA Income Tax Calculator For taxpayers in India, income tax calculation* and the process of filing taxes forms an important part of financial planning. With different tax deductions and exemptions provisions available under different sections of the Income Tax Act, you can benefit from tax savings each financial year. An income tax calculator available online makes it easier for you to plan your finances and taxes as you can compute how much tax you will have to pay as per your taxpayer category under the income tax slab rates. Use our income tax calculator to check your tax liability for financial year (FY) 2023-24. What Is an Income Tax Calculator? The income tax calculator is a quick and easy-to-use online tool that can be found on the official website of the Income Tax Department as well as on other third-party websites. The tax calculator can be used to get an estimate of the taxes you pay based on your taxable income and your deductible investment and expenses. However, your taxable income determination will also be subject to new changes that may be presented in the Union Budget in India each year. Therefore, while using the tax calculator, it is important to choose the correct financial year for which you want to file your taxes. An important feature of the income tax calculator is that the tool will consider your age, income, expenses, investments, the interest paid on your home loans, and various other details to give you the results. Moreover, it also gene...