Final Up to date on February 1, 2025 at 2:02 pm
Price range 2024 has additional decreased the tax burden within the new tax regime. Use this free calculator to match the outdated and new tax regimes (calculations for previous new tax regime slabs are additionally out there).
This comparability desk was initially ready by Vinay Vittal, modified by Balasubrahmanyan, after which by me after price range 2024. This offers you an in depth chart of when the brand new tax regime might be useful and when the outdated regime might be useful.
The revised tax slab proposed within the finance bil 2025 are
1. Upto Rs. 4,00,000 Nil
2. From Rs.4,00,001 to Rs. 8,00,000 5%
3. From Rs. 8,00,001 to Rs. 12,00,000 10%
4. From Rs. 12,00,001 to Rs. 16,00,000 15%
5. From Rs. 16,00,001 to Rs. 20,00,000 20%
6. From Rs. 20,00,001 to Rs. 24,00,000 25%
7. Above Rs. 24,00,000 30%
There’s a tax rebate as much as Rs. 12 Lakhs. So as much as 12L for non-salaried and 12.75K for salaried there isn’t any earnings tax!
Observe: There could also be errors within the calcualtor as it’s based mostly on our interpretaion of the Price range memorandum. Subsequently please verify the entries rigorously earlier than use. We have now assumed there aren’t any adjustments within the surcharges and different guidelines. Please contact us at freefincal AT gmail.com in case of any errors.
It is a screenshot of the device.
Obtain the post-budget 2025 New Tax Regime vs Outdated Tax Regime Calculator
Please verify if the model has been up to date after correcting bugs. In the event you discover any tell us utilizing the e-mail talked about above. It would assist the group
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