Income Tax Calculator 2024-25

Income Tax Calculator 2024-25 tax slot A new tax regime was introduced in Budget 2020 wherein the tax slabs were altered, and taxpayers were offered concessional tax rates However, taxi slot In case you opt for the new tax regime, these exemptions will not be available to you Let's understand income tax calculation under the current tax slabs and

taxi slot Choosing between the old and new tax slabs · Actual HRA received · Actual rent paid minus 10 per cent of basic salary and dearness allowance , if any · 50

taxi 88 slot But if exceeds, then you need to add the health and education cess of 4 percent to your tax amount Income Tax Slabs under Old Vs New Tax regime Income Slab In India, income tax is levied based on a slab system This means different tax rates are applied to different income ranges As your income increases, so does