IT Old & New Regime Compare 2023-24 Income Tax Software to Compare Between Existing & New Regime in Telugu: Employees Income Tax Comparison Financial Year 2023-2024 Income Tax Software to compare Tax under existing and new Personal Tax Regime FY 2022-23. AP Teachers / Employees New Income Tax Calculate software developed by C Ramanjaneyulu. TS Teachers / Employees compares due tax under new, old regime IT Calculator. Use this comparison table to enter your salary details and find out if the new or old tax regime announced in budget 2022 will be beneficial for you?.
IT Old & New Regime Compare 2023-24 Income Tax Software to Compare between existing & new Regime
IT Old & New Regime Compare 2022-23 Income Tax Software to Compare between existing & new Regime details released by Income tax of India. Excel Calculator to compare Tax under existing and new Personal Tax Regime u/s 115BAC. New Tax Regime vs Old Tax Regime Comparison Income Tax Excel software download. IT Calculate helps an individual take an informed decision of opting for either the tax slab while filing their income tax return (ITR) next year.
AP Income Tax Software || TG Income Tax Software
Income Tax Department Official IT Calculator FY 2023-24
Income tax dept launches e-calculator to compare due tax under the new, old regime, Confused About New & Old Income Tax Slabs? Try This E-Calculator Launched by the Government. The calculator takes into account eligible exemptions and deductions, as proposed under the new regime, after being extracted from the Budget memorandum 2023.
IT dept launches e-calculator for individuals to compare due income tax under new, old Slabs. The calculator, with a comparative table to compare taxes in the old and the new tax regime, for resident individuals (financial year 2023-24) has been hosted on the official e-filing website of the department https://www.incometaxindiaefiling.gov.in.
A comparative chart of the tax Slabs and rates under both Regimes is as under:
| Tax Slab Rates | Existing Regime | New Regime |
|---|---|---|
| Upto Rs 2,50,000 | Nil | Nil |
| From Rs 2,50,001 to Rs 5,00,000 | 5% | 5% |
| From Rs 5,00,001 to Rs 7,50,000 | 20% | 10% |
| From Rs 7,50,001 to Rs 10,00,000 | 20% | 15% |
| From Rs 10,00,001 to Rs 12,50,000 | 30% | 20% |
| From Rs 12,50,001 to Rs 15,00,000 | 30% | 25% |
| Above Rs 15,00,000 | 30% | 30% |
IT Old & New Regime Compare 2023-24 | Income Tax Software to Compare Between Existing & New Regime
| IT computation | Old regime | New regime (u/s 115BAC) |
| PAY | = 7,46,500 | = 7,46,500 |
| DA | = 2,03,406 | = 2,03,406 |
| HRA | = 1,08,243 | = 1,08,243 |
| IR | = 2,01,555 | = 2,01,555 |
| TOTAL | = 12,59,904 | = 12,59,904 |
| (-) HRA part Or full | = 1,08,243 11,51,661 | = Dis allowed 12,59,904 |
| Standard Deduction (-) PT & CMRF | = 54,200 10,97,461 | Disallowed 12,59,904 |
| Housing Loan Interest | = 1,08,000 9,89,461 | Dis allowed 12,59,904 |
| (-) Saving U/s 80 C PF +APGLI +LIC GIS+Tution fee + HL | – 1,50,000 7,39,461 | Dis allowed 12,59,904 |
| TAXABLE INCOME IT Calculation on | = 7,39,461 | = 12,59,904 |
| IT Upto 2.5 L | Nil | Nil |
| 2.5-5L@ 5% | 12,500 | 12,500 |
| Tax Calculate | 5L-7.39,461@20% – 47892 | 5L-7.5L@10% -25,000 7.5L-10L @ 15% -37,500 10L-12.5L@20% – 50,000 12.5L-12,59,904 @ 25% – 2,476 |
| Rebate U/s 87A | Nil | Nil |
| Tolat Tax | 60932 | 1,27,476 |
| Education, Health (+) Cess @ 4% | 2416 | 5,099 |
| TOTAL Tax te Be Paid | 63348 | 1,32,575 |
Download Income Tax Software to compare Excel Software
Click here IT Department Official Calculator
S.No. | IT Developed Name | Download |
|---|---|---|
| 1 | C.Ramanjaneyulu Income Tax Software FY 2023-24 | Click Here |
| 2 | KSS Prasad FY 2023-24 | Click Here |
| 3 | Putta Srinivas Reddy Income Tax Software FY 2023-24 | Click Here |
| 4 | Vijay Kumar Income Tax Software FY 2023-24 | Click Here |
| 5 | Mobile Version Income Tax Software FY 2023-24 | Click Here |
| 6 | Seshadri Income Tax Software FY 2023-24 | Click Here |
| 7 | Model School Teachers Income Tax Software FY 2023-24 | Click Here |
