Step-1 Accessing the TaxSpanner Website
1.1: To begin, open your preferred web browser and go to www.taxspanner.com.
Step-2 Navigate to the tools and calculator option
2.1: On the TaxSpanner homepage, Locate the tools and calculator section.
2.2: In the tools and calculator section, click on the income tax calculator.
Step-3 Using the Calculator to Compare Tax Regimes
3.1: Select the Tax Regime (Old or New) as per your preference.
Step-4 Entering personal Details
4.1: Fill in your basic details: Age, Financial year, Residential status, Name, Email ID,
Phone Number then click Next.
Step-5 Providing Income Information
5.1: Enter your income details including: Salary, House Property Income, Capital Gains,
Business or Profession Income and Income from Other Sources.
Step-6 Entering Deduction Details
6.1: In this section, enter all eligible deductions to compare benefits under both
regimes.
6.2: Common deduction sections include: Section 80C (Investments in LIC, PPF, ELSS,
etc). 80CCD (Contributions to NPS), Section 80TTA (Savings account
interest), Section 80D (Health insurance premiums), Section 80E (Interest on
education loans), Section 80G (Donations to charitable organizations) etc.
6.3: If you are claiming multiple deductions, the Old Regime is likely more tax efficient.
However, if deductions are minimal, the New Regime might be more suitable.
Step-7 Entering Tax Credit Information
7.1: Enter your tax credit details: TDS (Tax Deducted at Source), TCS (Tax Collected at
Source), Advance Tax Paid.
Step-8 Understanding Your Results
8.1: After filling all details, the calculator will show total tax liability under both regimes.
8.2: You can see which regime is more tax-efficient based on your data.
Step-9 Getting Expert Help
9.1: If you’re still unsure: Scroll down and look for the Expert Help section.
9.2: Fill in your details and click Submit.
9.3: TaxSpanner expert will contact you shortly.
Part-2 Using the Tax Optimizer Report
1.1: If you want a full tax-saving analysis, Use the Tax Optimizer feature for a detailed
report.
1.2: This includes tips, savings, and regime comparison.
1.3: Link of tax optimizer feature-https://taxspanner.com/individual/optimize-tax
