FY 2022-2023 New Scheme

Total Income (Slab Rate) 943,059.30

Benefit in New Scheme
Net Income (Slab Rate) 943,059.30
Income (Other than Slab Rate) -
Total Income 943,059.30

From to Differential Amt Tax Rate Net Amount

Upto 250,000.00 - 250,000.00 250,000.00 0.00% -
Upto 500,000.00 250,000.00 500,000.00 250,000.00 5.00% 12,500.00
Upto 750,000.00 500,000.00 750,000.00 250,000.00 10.00% 25,000.00
Upto 1,000,000.00 750,000.00 943,059.30 193,059.30 15.00% 28,958.90
Upto 1,250,000.00 943,059.30 943,059.30 - 20.00% -
Upto 1,500,000.00 943,059.30 943,059.30 - 25.00% -
Above 1,500,000.00 943,059.30 943,059.30 - 30.00% -

Tax on Other Income (Slab Rate) 66,458.90

Tax on Income (Other than Slab Rate)
Total Gross Tax 66,458.90

Rebate u/s 87A -

Cess 4.00% 2,658.36

69,117.25

New Scheme Beneficial By 4,312/-

FY 2023-2024
& After New Scheme

Total Income (Slab Rate) 862,800.00

Benefit in New Scheme
Net Income (Slab Rate) 862,800.00
Income (Other than Slab Rate) -
Total Income 862,800.00

From to Differential Amt Tax Rate Net Amount

Upto 250,000.00 - 250,000.00 250,000.00 0.00% -
Upto 300,000.00 250,000.00 300,000.00 50,000.00 0.00% -
Upto 500,000.00 300,000.00 500,000.00 200,000.00 5.00% 10,000.00
Upto 600,000.00 500,000.00 600,000.00 100,000.00 5.00% 5,000.00
Upto 900,000.00 600,000.00 862,800.00 262,800.00 10.00% 26,280.00
 Upto 1,000,000.00 862,800.00 862,800.00 - 15.00% -
Upto 1,200,000.00 862,800.00 862,800.00 - 15.00% -
Upto 1,500,000.00 862,800.00 862,800.00 - 20.00% -
Above 1,500,000.00 862,800.00 862,800.00 - 30.00% -

Tax on Other Income (Slab Rate) 41,280.00

Tax on Income (Other than Slab Rate) -
Total Gross Tax 41,280.00

Rebate u/s 87A -

Cess 4.00% 1,651.20

42,931.20

New Scheme Beneficial By 14,331/-

 FY 2022-2023 Old Scheme

<<INPUT Gross Total Income (Slab Rate)

<<INPUT Benefit in Old Scheme
Net Income (Slab Rate)
<<INPUT Income (Other than Slab Rate)
Total Income

From to Differential Amt Tax Rate

Upto 250,000.00 - 250,000.00 250,000.00 0.00%
Upto 500,000.00 250,000.00 500,000.00 250,000.00 5.00%
Upto 750,000.00 500,000.00 750,000.00 250,000.00 20.00%
Upto 1,000,000.00 750,000.00 790,524.30 40,524.30 20.00%
Upto 1,250,000.00 790,524.30 790,524.30 - 30.00%
Upto 1,500,000.00 790,524.30 790,524.30 - 30.00%
Above 1,500,000.00 790,524.30 790,524.30 - 30.00%

Tax on Other Income (Slab Rate)

<<INPUT Tax on Income (Other than Slab Rate)
Total Gross Tax

Rebate u/s 87A

Cess 4.00%

Old Scheme -Not Beneficial

FY 2023-2024
& After Old Scheme

<<INPUT Gross Total Income (Slab Rate)

<<INPUT Benefit in Old Scheme
Net Income (Slab Rate)
<<INPUT Income (Other than Slab Rate)
Total Income

From to Differential Amt Tax Rate

Upto 250,000.00 - 250,000.00 250,000.00 0.00%
Upto 300,000.00 250,000.00 300,000.00 50,000.00 5.00%
Upto 500,000.00 300,000.00 500,000.00 200,000.00 5.00%
Upto 600,000.00 500,000.00 600,000.00 100,000.00 20.00%
Upto 900,000.00 600,000.00 712,800.00 112,800.00 20.00%
 Upto 1,000,000.00 712,800.00 712,800.00 - 20.00%
Upto 1,200,000.00 712,800.00 712,800.00 - 30.00%
Upto 1,500,000.00 712,800.00 712,800.00 - 30.00%
Upto 1,500,000.00 712,800.00 712,800.00 - 30.00%

Tax on Other Income (Slab Rate)

<<INPUT Tax on Income (Other than Slab Rate)
Total Gross Tax

Rebate u/s 87A

Cess 4.00%

Old Scheme -Not Beneficial

 943,059.30 <<INPUT
-152,535.00 <<INPUT
790,524.30
- <<INPUT
790,524.30

Net Amount
-
12,500.00
50,000.00
8,104.86
-
-
-

70,604.86
<<INPUT
70,604.86

2,824.19

73,429.05

862,800.00 <<INPUT
-150,000.00 <<INPUT
712,800.00
- <<INPUT
712,800.00

Net Amount
-
2,500.00
10,000.00
20,000.00
22,560.00
 -
-
-
-

55,060.00
<<INPUT
55,060.00

2,202.40

57,262.40