As the financial year 2024 inches closer to its Form 12BB deadline, a new assessment year is about to begin with a new tax regime as the default option. Some taxpayers are confused about which regime to choose with this tax overhaul. Taxpayers can get help in this decision-making process from the Income Tax Department's Income Tax Calculator AY 2024-25 which has unveiled a user-friendly tax comparison interface, where one can enter income details for the Financial Year 2023-24. The online tool accessible here, quickly compares tax liabilities between the old and new regimes, shedding light on potential tax savings if taken the best route.