06 Feb, 2020 9:36p.m.

IT dept launches calculator for tax comparison for old and new regime

The Income Tax Department on Thursday launched an e-calculator for individuals to estimate and compare their tax liability under the new tax slabs as compared to the existing regime. The calculator, launched earlier in the day, was updated by the department in the evening to make it more “user-friendly”. It largely gives the user three broad results based on the kind of individual financial data fed into it.

“This calculator is only meant to provide basic idea of the estimated impact of the new provisions. Refer to the Income Tax provisions for the actual provisions and eligibility,” a disclaimer posted on the link said.

The calculator can be accessed here - https://www.incometaxindiaefiling.gov.in/Tax_Calculator/index.html?lang=eng

Whatsapp Share Button

🏠 Go to StaffCorner.com Home Page





Latest in Important News
Latest in Other News Sections
10 points on the NPS Tier II income tax saver scheme: 🕑 20 Aug,20 3:17p.m.
Interest on PPF and other small savings schemes slashed 🕑 01 Apr,20 1:17a.m.
CERT-In advises OnePlus users to alter passwords 🕑 27 Nov,19 1p.m.
Five new NPS rules you should be aware 🕑 06 Aug,19 1:09p.m.
RBI cuts repo rates to 6.25. Loans set to get cheaper 🕑 04 Apr,19 12:42p.m.
Sree Chitra Tirunal Institute develops intravenous cancer drug 🕑 26 Mar,19 9:29p.m.
CPAO FAQ For the Beneficiaries Of NPS- Additional Relief Scheme 🕑 13 Mar,19 11:06p.m.
'One Nation One Card' mobility card launched 🕑 05 Mar,19 1:47p.m.
PFRDA working on minimum assured returns for NPS subscribers 🕑 24 Feb,19 1:58p.m.
EPFO's 8.65% interest rate for FY19 is actually equivalent to 13.5%. 🕑 24 Feb,19 11a.m.