Income Tax Calculator FY2024
The Union Finance Minister Nirmala Sitharaman presented the Union Budget for the financial year (FY) 2024. The government has made the New Tax Regime as the default regime but kept the Old Tax Regime as optional for tax payers. However, the tax slabs under the new regime have been rejigged and reduced to 5 from the current 7 slabs. Rebate in income tax has also been increased for income up to Rs 7 lakh under the new tax regime.
Now, you can calculate it yourself. Our tax calculator will calculate your taxable income under both the old and new scheme.
Calculate your tax here!