CBDT released new Income Tax Calculator for Old Regime vis-à-vis New Regime as proposed by Finance Bill, 2023

Last updated: 20 February 2023

The Income Tax Department has released a tax calculator that can be used by taxpayers to calculate their tax liability as per the revised Section 115BAC proposed in Finance Bill 2023. Under Section 115BAC, the basic exemption limit has been raised from Rs 2.5 lakh to Rs 3 lakh. Moreover, this sec

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