Tax Calculator Old & New Method (Regime) - Indian Income Tax Calculation, save tax by choosing any of the better tax calculation method suitable for you. if you are not aware what is the difference in the new and old tax calculation system then download our app and calculate tax on both new method and old regime and compare both tax calculations and decide which one is better for you. you can calculate the tax for the upcoming financial year and save the tax up to around 1 lakh rupees .
"Under the new personal income tax regime, individual taxpayers to pay tax at a reduced rate of 10 per cent for income between Rs 5 lakh and 7.5 lakh against the current rate of 20 per cent," Sitharaman said while presenting the Budget. "Those with income between Rs 7.5 lakh to 10 lakh to pay tax at 15 per cent against the current 20 per cent. Those with income between Rs 10 to 12.5 lakh to pay tax at 20 per cent, down from 30 per cent," But if you choose the new Tax regime you cant claim the tax deductions like 80c,80d home loan tax benefits like home loan tax principle at 80c and home loan interest deduction up to 2 Lakh . But tax payers can choose either the new tax method or the old tax paying method with all the deductions . we will helps you to calculate and . compare both. So Please download the app and save the taxes . please send your valuable feedbacks to us and rate us in google play .