Income 12,00,000 Current

Deductions
HRA 0 Tax 90,688
80C 1,50,000
Housing Interest 1,00,000 STAY: Old Tax Regime is better by Rs. 2912
Medical 24,000 Copyright: Capitalmind 2020
Standard Deduction 52,500 Check: https://www.capitalmind.in/2020/02/budget-2020-lower-tax-
Other 0
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Old Regime New Regime

Net Taxable 8,73,500 12,00,000

Slab 1 12,500 Slab 1 15,000

Slab 2 74,700 Slab 2 30,000
Slab 3 0 Slab 3 45,000
Total 87,200 Slab 4 0
Slab 5 0
Slab 6 0
Total 90,000
Surcharge 0% Surcharge 0%
Tax 87,200 Tax 90,000
Cess 4% Cess 4%
Total Tax 90,688 Total Tax 93,600
 New Diff 0 0%
5000000 10%
93,600 2,912 10000000 15%
20000000 25%
d Tax Regime is better by Rs. 2912 50000000 37%
ight: Capitalmind 2020 9999999999999 37%
almind.in/2020/02/budget-2020-lower-tax-slabs-just-an-eye-wash-but-check-for-yourself/

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