Income Tax Calculator: Calculate Taxes for FY 2023-24, 2024-25
Calculate Taxes Online: ClearTax and Moneycontrol
Individuals and HUFs (Hindu Undivided Families) can now easily determine their income tax liabilities for the financial years 2023-24 (AY 2024-25) and 2024-25 (AY 2025-26) using reputable online income tax calculators. ClearTax and Moneycontrol offer comprehensive and user-friendly calculators that simplify the process of tax determination.
New Tax Regime: Eligibility and Slab Rates
For the new tax regime, also known as the Concessional Tax Regime, the eligibility limit for rebate in the financial year 2024-25 remains the same as in the previous year. Additionally, the Income Tax slab rates for Individuals and HUFs applicable to Assessment Years 2024-25 and 2025-26 have been announced.
Comparison of Old and New Tax Regimes
The income tax calculators allow individuals to compare their tax liabilities under the old and new tax regimes. This enables them to make informed decisions about which regime to opt for, based on their income and tax-saving options.
Convenient and Accurate Calculation
By using the online income tax calculators, individuals can calculate their taxes quickly and accurately. These calculators provide step-by-step guidance, ensuring that all relevant factors are considered, such as income, deductions, and exemptions.
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