Here are our comparison between old and new tax slabs. If you are earning less or high, if you are saving max in all exemptions then you should continue with old tax slab.
|
Your Income |
|
|
|
1000000 |
|
|
1000000 |
|
Deductions |
|
|
|
|
|
|
|
|
80C |
|
|
|
150000 |
|
|
|
|
80CCD |
|
|
|
50000 |
|
|
|
|
80D |
|
|
|
25000 |
|
|
|
|
House Loan |
|
|
|
200000 |
|
|
|
|
Standard Deduction |
|
|
|
50000 |
|
|
|
|
|
|
|
|
525000 |
|
|
1000000 |
|
Tax To be Paid |
|
|
|
|
|
|
|
|
|
0 |
250000 |
0 |
0 |
|
0 |
0 |
|
|
250000 |
500000 |
5 |
12500 |
|
5 |
12500 |
|
|
500000 |
750000 |
20 |
5000 |
|
10 |
25000 |
|
|
750000 |
1000000 |
20 |
0 |
|
15 |
37500 |
|
|
1000000 |
1250000 |
30 |
0 |
|
20 |
0 |
|
|
1250000 |
1500000 |
30 |
0 |
|
25 |
0 |
|
|
above |
1500000 |
30 |
0 |
|
30 |
0 |
|
|
Tax Payable |
|
|
17500 |
|
|
75000 |
|
Your Income |
|
|
|
2000000 |
|
|
2000000 |
|
Deductions |
|
|
|
|
|
|
|
|
80C |
|
|
|
150000 |
|
|
|
|
80CCD |
|
|
|
50000 |
|
|
|
|
80D |
|
|
|
25000 |
|
|
|
|
House Loan |
|
|
|
200000 |
|
|
|
|
Standard Deduction |
|
|
|
50000 |
|
|
|
|
|
|
|
|
1525000 |
|
|
2000000 |
|
Tax To be Paid |
|
|
|
|
|
|
|
|
|
0 |
250000 |
0 |
0 |
|
0 |
0 |
|
|
250000 |
500000 |
5 |
12500 |
|
5 |
12500 |
|
|
500000 |
750000 |
20 |
50000 |
|
10 |
25000 |
|
|
750000 |
1000000 |
20 |
50000 |
|
15 |
37500 |
|
|
1000000 |
1250000 |
30 |
75000 |
|
20 |
50000 |
|
|
1250000 |
1500000 |
30 |
75000 |
|
25 |
62500 |
|
|
above |
1500000 |
30 |
7500 |
|
30 |
150000 |
|
|
Tax Payable |
|
|
270000 |
|
|
337500 |
