The Department of Income Tax has put up a new Income Tax Calculator. The calculator is only meant to provide a basic idea of the estimated impact of the new provisions. All tax calculations (includes cess) are excluding Surcharge & Total Eligible Exemptions / Deductions are assumed to be Zero in New Regime. The calculator is not applicable for any Income with special rates and the Deductions and Exemptions eligible as per Old regime. Enter age, income and total exemptions it will tell you how much to pay in which tax regime, and which regime is better.
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