Free Income TAX Calculator AY 2024-25 Regime Tax Slabs [Old Vs New]
The Indian Income tax system has two ways (known as Tax regimes) to calculate taxes: the old regime with many deductions and Tax rebates, and the new regime with lower tax rates but fewer deductions. It’s important to know which tax slab you fall into under each system to plan your taxes correctly. Here’s a simple guide to the tax slabs for the A.Y 2024-25 financial year (which is the year 2024-25 in terms of income, in other words any income earned during the period of 1st APRIL 2023 TO 31ST MARCH 2024 will be taxed under A.Y. 2024-25)
However to make it easy and simple for you, we have made a simple and Free Income Tax Calculator AY 2024-25 (Financial Year 2024-25). This Simple and Free Income Tax Calculator AY 2024-25 will guide you on how to choose the best Tax regime (Old Tax Regime Vs New Tax Regime).
This Income Tax Calculator AY 2024-25 is suitable of every class of Income be It Salaried , Business Income, Agricultural Income , Rental Income or Other Source income.
Our team of Tax experts and CA’s at Easy Return prepare your Income Tax Return in a best possible method to save your tax and maximise your Tax Refund.
File Income Tax Return Price starting at Just Rs 199/-
(Inclusive of all Taxes)
Old Tax Regime:
New Tax Regime:
Surcharge:
If your total income is more than Rs. 50 lakh, you’ll pay an extra 10% tax. If it’s more than Rs. 1 crore, you’ll pay an extra 15% tax. If it’s more than Rs. 2 crore, you’ll pay an extra 25% tax. For the 2024-25 financial year, the highest surcharge rate has been reduced from 37% to 25%.
Need help in choosing best regime according to your Income?
Tax experts and CA’s at Easy Return compare the both regimes according to your Income and choose the best suitable regime to save your taxes.
Each and every Income Tax Return is prepared by team of Tax experts and CA’s at Easy Return.
Difference between Old Tax Regime and New Tax regime for A.Y. 2024-25
How to decide which Tax regime is best for me?
Use our simple and free Income Tax Calculator AY 2024-25 and our free Income Tax Calculator AY 2024-25 will guide you to decide the best Tax regime according to your Income
Conclusion:
It is not possible to give direct conclusion of which Tax regime is best for you?
However if you have savings and Investment please use our Simple and Free Income Tax Calculator AY 2024-25 to know which Tax regime is best for you. Else Choose New Tax Regime.
Our team of Tax experts and CA’s at Easy Return prepare your Income Tax Return in a best possible method to save your tax and maximise your Tax Refund
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FAQs on Income TAX Calculator AY 2024-25
