FAQs on Income Tax Calculator for FY 2024-25

• 1. What is an income tax calculator? It is a tool to calculate your tax liability based on your income and tax regime.
• 2. Is the income tax calculator accurate? Yes, when used with accurate data.
• 3. Can I calculate tax under both regimes? Yes, you can compare old and new regimes.
• 4. Are deductions like 80C included? Yes, in the old tax regime.
• 5. Can senior citizens use this? Yes, it supports age-specific slabs.
• 6. Is this calculator free? Yes, it is free to use.
• 7. Does it work for businesses? No, it is for individual taxpayers.
• 8. Can I use it for past years? No, it is only for FY 2024-25.
• 9. Does it calculate TDS? No, this calculator focuses on tax payable.
• 10. Where can I find more calculators? Check the trending calculators section above.