Old vs. New Regime - Calculator for FY 2023-24

Old vs. New Tax Regime Calculator

In India, you have the option to choose between the old and new tax regime when filing your income tax return. These regimes differ in terms of tax slabs, deductions, and exemptions.

• Old Regime Calculator: This calculator considers traditional tax slabs, deductions allowed under various sections like 80C, 80D, etc., and exemptions for specific income groups.

• New Regime Calculator: This calculator factors in the simplified tax slabs introduced in the new regime. While some deductions are eliminated under the new regime, the standard deduction amount is generally higher.

Credits : https://eztax.in/income-tax-calculator