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Salaried Employees-Simplified New vs Old Regime Income Tax Calculator for the FY 2024-25/AY 2025-26:

This Income Tax Calculator aims to simplify the comparison between the new and old income tax regimes for FY 2024-25/AY 2025-26. By breaking down key components and providing an easy-to-use calculator, employees can make informed decisions regarding their tax planning.

Income from salary is the sum of Basic salary + HRA + Special Allowance + Transport Allowance + any other allowance.

Some components of your salary are exempt from tax, such as telephone bills reimbursement, leave travel allowance. If you receive HRA and live on rent, you can claim exemption on HRA.

Here, I have attached simple and easy tax computation sheet which will helps to know CTC, Net Take and which regime to choose.

For any queries write at [email protected]

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23 Comments

  1. UDAYA BHASKARA RAO says:

    New vs Old Regime Income Tax Calculator for FY 2024-25/AY 2025-26, please share the excel format for Government employees.

  2. K UDAYA BHASKARA RAO says:

    New vs Old Regime Income Tax Calculator for FY 2024-25/AY 2025-26, please share the excel format for Government employees

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