Finmin puts income tax calculator live on income tax dept portal
[ad_1]
Income tax department on Monday released a 'tax calculator' which will help an assesses decide if the new income tax regime announced in the Budget is good for him/her or if the old one is better. The tax calculator is live on the income tax department's portal. "Tax Calculator is now live! A dedicated tax calculator to check Old Tax Regime vis-à-vis New Tax Regime for Individual/HUF/AOP/BOI/Artificial Juridical Person(AJP) as per Section 115BAC can now be accessed on the IT Dept website," according to a tweet by the tax department. An Income-tax calculator is an online tool that helps to evaluate taxes based on a person's income based on Union Budget 2023-24 announcement. Individuals falling under the taxable income bracket are liable to pay a specific portion of their n...