How to calculate Income Tax as per new tax regime for FY 22-23 and FY 23-24 ( Free Excel )

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If you are an Indian resident and have earning source then you need to pay the taxes and file the returns to Income Tax department which is govern by Government of India.

As per new budget which has presented in the month of Feb 2023, the new tax slab has been introduced for FY 23-24 (AY 24-25).

In new tax regime for FY 23-24, standard deduction will be applicable income above Rs 15.50 Lakhs and above.

New tax slabs and applicable Income Tax

You can check your Income tax of FY 22-23 ( AY 23-24 ) and FY 23-24 (AY 24-25 ) by downloading the Excel sheet of Income Tax Calculator.

Important : You are requested to consult your Tax Advisor before taking any decision. This is a tentative assessment.

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Vivek Rai

Hi this is Vivek Rai. I am a blogger,

I am helping people to live their life peacefully, gracefully and guiding them to invest our valuable money & time in such a way so we need not to work for money and we can live our respectful life with quality lifestyle.

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