Home Audit & Assurance IT Department launches User Friendly Income Tax Calculator for AY 2024-25

IT Department launches User Friendly Income Tax Calculator for AY 2024-25

0
IT Department launches User Friendly Income Tax Calculator for AY 2024-25

IT Division launches Person Pleasant Earnings Tax Calculator for AY 2024-25

The Earnings Tax Division has launched a user-friendly revenue tax calculator for taxpayers for the Monetary Yr 2023-24 (Evaluation Yr 2024-25).

The instrument compares tax liabilities beneath the Outdated Regime with the New Regime in an environment friendly method. It additionally reveals attainable tax financial savings primarily based on the chosen regime, offering taxpayers with a fast and simple expertise.

Earnings tax is levied on folks utilizing a slab system by which varied tax charges are utilized to totally different revenue teams. As an individual’s revenue rises, so do the tax charges. This form of taxation supplies for a extra equitable and progressive tax construction within the nation.

Presently in direct tax system, there are two tax regimes i.e Outdated tax regime and New tax regime. Each the regimes have their very own benefits and downsides. Taxpayers who’re in Outdated tax regime have totally different tax legal responsibility then those that are in New tax regime.

To Examine the Tax Calculator – Click on Right here

Be part of Studycafe’s WhatsApp Group or Telegram Channel for Newest Updates on Authorities Job, Sarkari Naukri, Personal Jobs, Earnings Tax, GST, Corporations Act, Judgements and CA, CS, ICWA, and MUCH MORE!”

LEAVE A REPLY

Please enter your comment!
Please enter your name here