This file provides a comprehensive income tax calculator for the financial year 2020-21, allowing you to compare the old tax scheme against the new one. It includes detailed sections for various deductions like 80C, 80D, and home loan interest, helping you determine which scheme is more beneficial. The download also features a consent letter for selecting your preferred scheme and answers frequently asked questions about the new tax regime's conditions and available deductions. This tool is invaluable for individuals seeking to optimise their tax planning.