My Annual Gross Salary is about Rs.19,46,000/- and Total Taxable Income is Rs.16,78,000. Total Tax Liability is Rs.3,28,000/-. So what will be total tax liability under New Tax Regime for FY 2023-24 .
Ans: Hi Achajya
As the breakdown of the deduction is not available, it would be difficult for me to correctly state the best tax regime suited for you.
You could use the calculator released by the tax department to validate the tax liability under both options. The link is pasted below:
https://incometaxindia.gov.in/Pages/tools/115bac-tax-calculator-finance-bill-2023.aspx