Quick Summary
CBDT brings you an all-new Tax Calculator for FY 2023-24 (AY 2024-25), designed to streamline your financial planning and make tax filing a breeze.
This Calculator provides a comparative Amount of Total Tax Liability under Old Regime vs New Regime and which Regime is more beneficial. For Individual/ HUF/ AOP/ BOI/ Artificial Juridical Person (AJP) as per section 115BAC proposed by Finance Bill, 2023
Click Here to access the Tax Calculator
FAQ :
The new Tax Calculator from the CBDT is designed to help individuals and certain entities compare their total tax liability under the old tax regime versus the new tax regime for FY 2023-24, making tax filing and financial planning easier.
The Tax Calculator is for Financial Year 2023-24, which corresponds to Assessment Year 2024-25.
The calculator is intended for Individuals, HUFs, AOPs, BOIs, and Artificial Juridical Persons (AJPs).
It provides a comparison of the total tax liability under the Old Regime versus the New Regime, helping users ascertain which regime is more beneficial for them.
Yes, the new regime is as proposed by the Finance Bill, 2023, under section 115BAC.
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