Gross Salary ₹ 700,000.

00
80C ₹ 160,000.00
80D ₹ 15,000.00

Particulars Old Regime New Regime

Income under the Head Salary ₹ 700,000.00 ₹ 700,000.00
Less: HRA ₹ -40,000.00 ₹ 0.00
Less: Standard Deduction ₹ -50,000.00 ₹ -50,000.00
Income from capital gains ₹ 65,000.00 ₹ 65,000.00
Income from other sources ₹ 2,500.00 ₹ 2,500.00
Gross Taxable Income ₹ 677,500.00 ₹ 717,500.00
Less: Chapter VI-A Deductions
80C ₹ 150,000.00 ₹ 0.00
80D ₹ 15,000.00 ₹ 0.00
Net Taxable Income ₹ 512,500.00 ₹ 717,500.00

Tax Compuatation:

Income Slab Old Regime New Regime

Less than 250,000 ₹ 0.00 ₹ 0.00
250,001 - 300,000 ₹ 2,500.00 ₹ 0.00
300,001 - 500,000 ₹ 10,000.00 ₹ 10,000.00
500,001 - 600,000 ₹ 2,500.00 ₹ 5,000.00
600,001 - 900,000 ₹ 0.00 ₹ 11,750.00
900,001 - 10,00,000 ₹ 0.00 ₹ 0.00
10,00,001 - 12,00,000 ₹ 0.00 ₹ 0.00
12,00,001 - 15,00,000 ₹ 0.00 ₹ 0.00
Above 15,00,000 ₹ 0.00 ₹ 0.00

Tax Payable on Total Income ₹ 15,000.00 ₹ 26,750.00

Less: Rebate ₹ 0.00 ₹ 0.00
Less: Marginal Relief in New Regime ₹ 0.00 ₹ -9,250.00
Tax after Rebate ₹ 15,000.00 ₹ 17,500.00
Add: Cess @4% ₹ 600.00 ₹ 700.00
Net Tax Payable ₹ 15,600 ₹ 18,200
Income Slab Old Regime New Regime
Less than 250,000 0% 0%
250,001 - 300,000 5% 0%
300,001 - 500,000 5% 5%
500,001 - 600,000 20% 5%
600,001 - 900,000 20% 10%
900,001 - 10,00,000 20% 15%
10,00,001 - 12,00,000 30% 15%
12,00,001 - 15,00,000 30% 20%
Above 15,00,000 30% 30%