New Delhi, June 9 -- As a taxpayer, it is recommended to use an income tax (I-T) calculator to ascertain your tax liability. However, before you use income tax calculator, these are the key steps that you need to follow:

At the outset, you need to enter thePAN and your name. Then you enter the assessment year and the taxpayer category i.e., whether you are an individual, HUF or a firm.

Then you must enter the residential status: resident ornon-resident. Now the system will ask you to enter the total taxable income as per thenew tax regime. Then there is space for allowances/ exemptions that are allowed only under the old tax regime such as 10(5), 10(13A) etc.

Then you need to enter the VIA deductions allowed under the old tax regime su...