INCOME TAX CALCULATOR OLD V/S NEW REGIME

NEW REGIME OLD REGIME

BELOW 60
Taxable Income 1000000 Taxable Income 1000000

Tax Liability 75000 Tax Liability 112500

Less:- Rebate 87A 0 Less:- Rebate 87A 0
75000 112500
Add:- Education Cess 3000 Add:- Education Cess 4500
Total tax 78000 Total tax 117000

Less:- Advance Tax Less:- Advance Tax

Less:- TDS Less:- TDS
Add:- Interest Add:- Interest

Tax Payable 78000 Tax Payable 117000

REGIME

BELOW 80 ABOVE 80
500000 500000

10000 0
10000 0
0 0
0 0
0 0

0 0