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