New Tax Regime vs old Tax Regime - Budget 2023 | How to choose | with Excel Calculator - AY 24-25
Автор: THINKING TAMIZHA
Загружено: 2023-02-05
Просмотров: 196537
Описание:
In this video, we have explained with examples the changes proposed by Govt in New Tax Regime in Budget 2023.
NOTE: This video is applicable only from FY 2023-24 as it explains the changes introduces in Budget 2023. For filing returns for FY2022-23(AY2023-24) this video is not applicable. For AY2023-24, please watch this previous video on new vs old tax regime - • AY 2023-24 | New Tax Regime Vs Old Tax Reg...
The Major changes are
1) New tax regime has been made default tax regime
2) The slabs have been reduced from 6 to 5
3) Slab rates have been reduced
0 - 3L = Nil
3 - 6L = 5%
6 - 9L = 10%
9 - 12L = 15%
12 - 15L = 20%
More than 15L = 30%
4) Slab for rebate increased to Rs 7L income
5) Additional std deduction of Rs 52500 if the taxable income is more than Rs 15.5 L
EXCEL CALCULATOR LINK - (DOWNLOAD THE EXCEL FILE IN YOUR PC AND USE IT - DO NOT EDIT DIRECTLY IN BROWSER) - APPLICABLE FROM FY2023-24 ONWARDS (Based on BUDGET 2023)
https://docs.google.com/spreadsheets/...
How to select old or new tax regime? How to choose Tax regime?
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