Regime Analyzer

What are the Tax Regimes?

The New Tax Regime was introduced in F.Y.2020-21, it was introduced to make the Indian tax structure simpler and encourage taxpayers for timely filing of their taxes. The default Regime from F.Y. 2023-24 is the New Tax Regime, yet the taxpayers still have an option to choose the Old Tax Regime.

If a taxpayer wishes to switch to Old Regime, he/she must file a Form 10IEA.

Quicko's Regime Analyzer helps you compare and choose the optimal regime based on your income situation.

Adding Data for analyzing your regime,

In order to determine which regime might be more beneficial to you, we need to take into consideration your incomes, deductions, tax credits and losses occurred in the financial year.

1. Navigate to Save > Begin/Edit.
2. Enter your Tax Situation.
3. After adding the tax situation go back to Regime Analyzer.

Here you would be able to see a comparison between your tax liabilities under both the Tax regimes based on tax situation entered by you.

You can download the Regime Analyzer Report, by clicking on Download Report.

You can analyze and choose the Tax Regime which is most beneficial for you.