Open the file in google sheets
The income tax slabs under the new income tax regime will now be as follows:
Rs 0 to Rs 3 lakh - 0% tax rate
Rs 3 lakh to 6 lakh - 5%
Rs 6 lakh to 9 lakh - 10%
Rs 9 lakh to Rs 12 lakh - 15%
Rs 12 lakh to Rs 15 lakh - 20%
Above Rs 15 lakh - 30%
Not good excel.
Do we need to pay tax if the income is 7.5 Or will the 50000 will be exempted under standard deduction ?
Captial gain is 10% in new regime or not
Can you update Old Regime - Google Sheet also for reference.