Deduction Under New Tax Regime Ay 2024-25. The calculator displays deductions and tax savings under both regimes, making it easier for taxpayers to determine which regime is best for them. Deductions include deduction against salaries, against ‘ income from house properties ‘, against ‘ profits and gains of business or profession ‘ against ‘ capital.
These include deductions under section 80c for investments in provident funds, life insurance, home loan principal repayment, and others, as well as exemptions for house. If you are earning a rental income from house property, then you can claim certain deductions in the new tax regime under income tax laws.
C)Extend The Benefit Of Standard Deduction To The ‘New Tax Regime’.
If you are earning a rental income from house property, then you can claim certain deductions in the new tax regime under income tax laws.
The Above Calculator Is Only To Enable Public To Have A Quick And An Easy Access To Basic Tax Calculation And Does Not Purport To Give Correct Tax Calculation In All.
Under the new regime, individuals can get a rebate of up to rs 25,000, making incomes up to rs 7.
Deduction Under New Tax Regime Ay 2024-25 Images References :
The Calculator Displays Deductions And Tax Savings Under Both Regimes, Making It Easier For Taxpayers To Determine Which Regime Is Best For Them.
Learn about the options available to taxpayers and make informed decisions to optimize tax efficiency.
Employers Can Claim A Deduction Of Up To 190 Percent Of The Additional Employee Costs Incurred By Hiring New Eligible Employees During A Fiscal Year.