News From Press Want to compare between old and new tax regime? I-T dept launches e-calculator

Want to compare between old and new tax regime? I-T dept launches e-calculator

The calculator, with a comparative table to compare taxes in the old and the new tax regime, for resident individuals (financial year 2020-21) has been hosted on the official e-filing website of the department--https://www.incometaxindiaefiling.gov.in.

Source: The Financial Express Feb 7, 2020

The Income-Tax Department has launched an e-calculator for individuals to estimate their tax liability if they opt for the new tax slabs, without claiming deductions and exemptions, for ITR filing as announced in the recent Budget, officials said on Thursday. The calculator, with a comparative table to compare taxes in the old and the new tax regime, for resident individuals (financial year 2020-21) has been hosted on the official e-filing website of the department–https://www.incometaxindiaefiling.gov.in.

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