Note: Surcharge is applied at 10% on the base tax if income exceeds Rs. 50 Lakhs, and a 4% education cess is levied on the sum of base tax and surcharge.
Deductions Applied in Old Tax Regime
Deduction Type
Amount (Rs.)
Section 80C
150000.00
Section 80D
75000.00
NPS
50000.00
Housing Loan Interest
200000.00
Total Deductions
475000.00
Old Regime - Slab Wise Calculation
Slab
Taxable Amount (Rs.)
Rate
Tax (Rs.)
0 - 2,50,000
250000.00
0%
0.00
2,50,001 - 5,00,000
250000.00
5%
12500.00
5,00,001 - 10,00,000
225000.00
20%
45000.00
Total
57500.00
New Regime - Slab Wise Calculation
Slab
Taxable Amount (Rs.)
Rate
Tax (Rs.)
0 - 4,00,000
400000.00
0%
0.00
4,00,001 - 8,00,000
400000.00
5%
20000.00
8,00,001 - 12,00,000
400000.00
10%
40000.00
Total
60000.00
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