income tax department budget
Business

The new calculator of the Income Tax Department will tell you how much tax will be saved after the exemption given in Budget 2025

admin

After the income tax exemptions announced in Budget 2025, you can estimate your tax savings using the new calculator of the Income Tax Department. This calculator helps you calculate your tax liability based on your income, deductions, and other relevant details.

How to use the Income Tax Calculator:

Visit the official website: Use the tax calculator available on the official website of the Income Tax Department. citeturn0search1

Read this also  Pension Calculator: How much pension will you get after 10 years of service? Understand the formula for EPF pension calculation

Fill in the required details: Enter your income, deductions, and other relevant information.

Calculate: After filling in all the details, the calculator will calculate your tax liability and potential savings.

Important points:

Regular updates: Income tax laws keep changing from time to time. So, visit the official website of the Income Tax Department for the latest information.

Read this also  SBI SIP: Now start SIP with just Rs 250, SBI Mutual Fund launches new scheme

Financial advice: For accurate tax planning and savings, it is advisable to consult a qualified tax advisor.

Thus, you can accurately estimate your tax savings after tax exemptions in Budget 2025 using the Income Tax Department calculator.