Breaking News: Income Tax Calculator Online for FY 2023-24
Key Points:
Use Income Tax Calculator for AY 2024-25
Calculate Taxes for Old vs. New Tax Regimes
Easy-to-Use Financial Calculator for Various Calculations
In a significant development for taxpayers, the Income Tax Department has launched an online calculator to help individuals calculate their income taxes for Fiscal Year (FY) 2023-24 and Assessment Year (AY) 2024-25.
The ClearTax Income Tax Calculator is a free and user-friendly tool that enables individuals to determine their tax liability based on the provisions of the Income Tax Act. Taxpayers can conveniently calculate their taxes for both the old and new tax regimes, allowing them to compare and choose the most beneficial option.
In addition to income tax calculations, the calculator offers a range of financial calculations, including monthly salary, income tax, loans, Equated Monthly Installments (EMIs), Systematic Investment Plans (SIPs), and comparisons of old and new tax regimes for income declaration.
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