Enter data in Yellow Fields Workings

Annual Gross Salary (Rs) 1,200,000 Slab Amount (Old)

Standard Deduction 50,000 250,000
HRA 70,000 250,000
PT and Entertainment Allowance - 250,000
NPS - 55,000
Leave Travel Allowance - -
Home Loan Interest Payment 125,000 -
Deduction u/s 80C 150,000 -
Health Insurance U/s 80D - Total
Saving Bank Interest u/s 80TTA - Cess
Total Exemption & Deductions 395,000
Total Taxes

Taxable Income (Old) 805,000

Decision

Tax Savings

Better Option
 Workings
Tax (Old) Slab Amount (New) Tax (New)
- 250,000 -
12,500 250,000 12,500
50,000 250,000 25,000
11,000 250,000 37,500
- 200,000 40,000
- - -
- - -
73,500 - 115,000
2,940 - 4,600
76,440 - 119,600

New Tax Slab result in Higher Taxes

43,160

Old Tax Slabs