Home / Calculators / Income Tax Calculator (New vs Old Tax Regime)
| Tax Parameters | New Regime u/s 115BAC | Old Regime |
|---|---|---|
| Gross Income | ₹ 12,00,000 | ₹ 12,00,000 |
| Standard Deduction | ₹ 75,000 | ₹ 50,000 |
| Total Exemptions & Deductions | ₹ 75,000 | ₹ 3,25,000 |
| Taxable Net Income | ₹ 11,25,000 | ₹ 8,75,000 |
| Total Tax Payable (inc. 4% Cess) | ₹ 71,500 | ₹ 91,000 |