TAX CALCULATOR FOR INDIVIDUAL TAX PAYER

Includes marginal relief

Data Tax Calculation
Old Regime New Regime
1. Gross Salary Including Perquisites 117,917 0 0
2. Allowances u/s 10 2 0 -
3. Balance (1-2) 0 0
4. Deductions 0 -
(a) Standard deduction 0 -
(b) Profession Tax 200 0 -
4. Income under head Salaries (3-4) 0 0
5. Other Income 0 0
(a) Interest on Home Loan 0 -
(b) Income/Loss (-) on Let Out property 0 0
(c) Any other income (Excluding Bank Savings) 0 0
(d) Interest on Bank Savings/Deposit 0 0
6. Gross Total Income (4+5) 0 0
7. Deductions under chapter VI-A 0 0
(a) Sections 80C, 80CCC, 80CCD 0 -
(b) Employee's Contribution to NPS u/s 80CCD(1B) 0
(c) Employer's Contribution to NPS u/s 80CCD(2) 0 0
(d) Other deductions under chapter VI-A 0 -
(e) Section 80TTA 0
8. Net Taxable Income (6-7) 0 0
9. Less:Rebate Under Section 89 0 0
10. Total Tax 0 0
(a) Income Tax 0 0
(b) Surcharge 0 0
(c) Cess 0 0

Tax Benefit 0 0

0
 Income Tax slab FY 2021-22
From To Surcharge % Existing Tax Rate New Tax Rate
including including
4% Cess & 4% Cess &
Surcharge Surcharge

(A) (B)
- 250,000 -
0 500,000 - 5.2% 5.2%
0 750,000 - 20.8% 10.4%
0 1,000,000 - 20.8% 15.6%
0 1,250,000 - 31.2% 20.8%
0 1,500,000 - 31.2% 26.0%
0 5,000,000 - 31.2% 31.2%
0 10,000,000 10% 34.2% 34.2%
0 20,000,000 15% 35.7% 35.7%
0 50,000,000 25% 38.7% 38.7%
0 999,999,999 37% 42.3% 42.3%
Difference

(A-B)

-
10.4%
5.2%
10.4%
5.2%
-
-
-
-
-