This downloadable Excel tool allows you to compare the old and new income tax schemes side-by-side. It covers various income sources, deductions like HRA, PPF, and home loan interest, and calculates your total tax payable under both regimes. This is perfect for individuals looking to understand which tax scheme best suits their financial situation and make an informed decision.
Income tax computation and comparison between Old and New Scheme proposed in 2020 for individuals.
Note: All care has been taken to interpret the rules rightly, but any correction / alternate interpretation possible and welcome. #xlsx