The Income Tax Department has introduced a tax comparison tool under the new tax regime proposed by the Finance Bill 2025. This tool allows individuals to compare their total tax liability under the existing rates for the financial year 2024-25 with the proposed rates for 2025-26, including surcharge and Health & Education cess. It helps taxpayers, especially residents, assess potential tax savings. However, users are advised to verify the prevailing laws and consult relevant Acts and Rules for accurate calculations, as this tool is meant for basic tax estimation and not for precise return filing.
To access Tax Tool CLICK HERE
