1. What is TDS in New Tax Regime?

Tax Deducted at Source (TDS) is the amount deducted in advance when making certain payments like salary, interest, commission, etc. The new tax regime offers lower tax rates but without most deductions and exemptions.

2. How Does the Calculator Work?

The calculator uses the new tax regime slab rates:

3. Importance of TDS Calculation

Details: Accurate TDS calculation ensures proper tax compliance, avoids under/over deduction, and helps in better financial planning.

4. Using the Calculator

Tips: Enter your total annual income in INR. The calculator will compute the tax liability as per new regime slab rates.

5. Frequently Asked Questions (FAQ)

Q1: What's the difference between old and new regime?
A: New regime has lower rates but fewer deductions. Old regime has higher rates but allows many exemptions.

Q2: Can I switch between regimes every year?
A: Yes, salaried individuals can choose each year which regime to follow.

Q3: Are there any deductions allowed in new regime?
A: Very few - mainly employer's NPS contribution and standard deduction for salaried (₹50,000).

Q4: Which regime is better for me?
A: Depends on your income level and available deductions. Higher deductions may make old regime better.

Q5: Is health/education cess included?
A: No, this calculator shows basic tax. Add 4% health and education cess to the calculated amount.