Calculate your income tax liability for FY 2023-24 under both new and old tax regimes. Get detailed tax breakdowns, deductions, and tax-saving recommendations.
| Income Range | New Regime Tax Rate | Old Regime Tax Rate | Description |
|---|---|---|---|
| Up to ₹3,00,000 | 0% | 0% | Basic exemption limit |
| ₹3,00,001 - ₹6,00,000 | 5% | 5% | Lower income bracket |
| ₹6,00,001 - ₹9,00,000 | 10% | 20% | Middle income bracket |
| ₹9,00,001 - ₹12,00,000 | 15% | 20% | Upper middle income |
| ₹12,00,001 - ₹15,00,000 | 20% | 30% | High income bracket |
| Above ₹15,00,000 | 30% | 30% | Highest tax bracket |
Start tax planning at the beginning of the financial year. Last-minute investments may lead to suboptimal choices.
Calculate tax under both new and old regimes annually. Choose the one with lower tax liability based on your investments.
Avail additional deduction for parents' health insurance. Senior citizens get higher limits under Section 80D.
Claim deductions for both principal (80C) and interest (24B) payments. Additional benefits for first-time home buyers.
Keep all investment proofs, bills, and certificates. Digital records help during e-assessment and audits.
Invest in NPS for additional ₹50,000 deduction under Section 80CCD(1B). Secure your retirement while saving tax.
Calculate tax under both new and old tax regimes. Instantly compare which regime is beneficial for you.
Get comprehensive tax breakdown including slabs, deductions, cess, and surcharge calculations.
Supports Individual, HUF, Senior Citizen, and Super Senior Citizen categories with appropriate exemptions.
Visual charts and graphs showing tax vs income breakdown for better understanding of your finances.
Suggestions for maximizing deductions under various sections based on your income and investments.
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