"Income Tax Calculator for Old & New Tax Regime for Salaried Employee" will assist you in determining Tax Liability under both Options viz. New Tax Regime and Old Tax Regime.
Instructions for using Income Tax Calculator for Old & New Tax Regime for Salaried Employee :
The User needs to input the data in the fields highlighted with Grey Colour and Select Data Auto-Populated from Drop Down List (wherever applicable). This is Applicable for "Calculator - Old Tax Regime" sheet whereas "Comparison" Sheet is Auto-Generated based on the Inputs by the User in the "Calculator - Old Tax Regime" sheet. It may be noted that Blue Marked Fields are auto populated based on Users Input.
Tips/Comments have been placed in the Fields (wherever considered necessary) in order to assist the user. Tips/Comments have been marked by a Small Red Triangle which can be made visible by hovering on that Field. User is requested take the Tip/Comment into consideration since the same may assist the User in calculating the required data accurately.
Whichever field is not applicable, you can enter "0".
Accordingly, the Comparison under "Comparison" Sheet is Auto-Generated based on the Inputs by the User in the "Calculator - Old Tax Regime" sheet.
A Suggestion by Tax Ninja based on the user's Input will be provided in order to Assist the user. #xlsx