Sourabh Jain21 Feb 2023, 13:09
Finance Minister Nirmala Sitharaman, during the 2023-24 Budget, announced that the new tax regime had been made the default tax regime, with taxpayers having the option to opt for the old tax regime. Both tax regimes offer different benefits, and it is important to opt for the regime that offers the most benefit to you. Here’s how to use the income tax calculator to compare the tax liability in the old and new regimes.