: Easily input popular deductions like Section 80C (up to ₹1.5 Lakh) and 80D (health insurance) to see their impact on the Old Regime. FAQs on New vs. Old Tax Regime (AY 2024-25)
: It handles the Section 87A rebate , which makes income up to ₹7 Lakh tax-free in the New Regime (up to ₹25,000 rebate) and ₹5 Lakh tax-free in the Old Regime (up to ₹12,500 rebate). income tax calculator ay 2024-25 excel free download
For individuals below 60 years, the tax rates vary significantly between the two systems. Income Slab (₹) Old Regime Rate New Regime Rate (AY 2024-25) 2.5 – 3 Lakh 3 – 5 Lakh 5 – 6 Lakh 6 – 7.5 Lakh 7.5 – 9 Lakh 9 – 10 Lakh 10 – 12 Lakh 12 – 15 Lakh Above 15 Lakh : Easily input popular deductions like Section 80C
Assessment Year (AY) 2024-25 (covering Financial Year 2023-24) introduces critical updates to the , making it the default option for most taxpayers. Using an Income Tax Calculator in Excel is the most effective way to compare your liability under the Old and New regimes before filing your return . Key Tax Slabs for AY 2024-25 For individuals below 60 years, the tax rates
: Instantly see which regime saves you more money.