Basic Information

Assessment Year * Taxpayer Category

2024-25 Individual

Residential Status *

RES (Resident)

Your Age

Below 60 years Between 60 - 79 years 80 and above

(Regular Citizen) (Senior Citizen) (Super Senior Citizen)

Due Date for Submission of Return * Actual Date for Submission of Return *

31-Jul-2024 01-Apr-2024

Estimated Tax

View Comparison

Income Detail

(as per old Tax regime) (as per new Tax regime)

Income under the head Salaries 1165650 1205000

Gross Salary 1255000 1255000

Exemption claimed u/s 10 36850 N/A

Deduction u/s 16(ia) 50000 50000

Deduction u/s 16(ii) N/A

Deduction u/s 16(iii) 2500 N/A

Income under the head House Property 0 0

a. Income from self occupied house property 0 0

Interest on Borrowed Capital N/A

b. Income from Let-out Property

1. Annual Letable Value/ Rent Received or Receivable 0 0

2. Less: Municipal Taxes Paid During the Year

3. Less:Unrealized Rent

Net Annual Value u/s 23 [1-(2+3)] 0 0

Less: Standard Deduction u/s 24(a) 0 0

Less: Interest Payable on Borrowed Capital u/s 24(b)

Income under the head Capital Gains 0 0

Short Term Capital Gains (Other than covered under section 111A) Total 0 0

From 01-Apr to 15-Jun

From 16-Jun to 15-Sep

From 16-Sep to 15-Dec

From 16-Dec to 15-Mar

From 16-Mar to 31-Mar

Short Term Capital Gains (Covered under section 111A) Total 0 0

From 01-Apr to 15-Jun

From 16-Jun to 15-Sep

From 16-Sep to 15-Dec

From 16-Dec to 15-Mar

From 16-Mar to 31-Mar

Long Term Capital Gains (Charged to tax @ 20%) Total 0 0

From 01-Apr to 15-Jun

From 16-Jun to 15-Sep

From 16-Sep to 15-Dec

From 16-Dec to 15-Mar

From 16-Mar to 31-Mar

Long Term Capital Gains (Charged to tax @ 10%, other than LTCG u/s 112A) Total 0 0

From 01-Apr to 15-Jun

From 16-Jun to 15-Sep

From 16-Sep to 15-Dec

From 16-Dec to 15-Mar

From 16-Mar to 31-Mar

Long Term Capital Gains u/s 112A(Charged to tax @ 10%) Total 0 0

From 01-Apr-to 15-Jun

From 16-Jun to 15-Sep

From 16-Sep to 15-Dec

From 16-Dec to 15-Mar

From 16-Mar to 31-Mar

Income under the head Business or Profession 0 0

Presumptive Income u/s 44AD,44ADA

Other income from Business or Profession. 0 0

Income under the head Other Sources 0 0

(i) Interest from Savings bank account

(ii) Other Interest Income 0 0

(iii) Winning from Lottery, crossword puzzles etc. 0 0

(iv) Any other income 0 0

Gross Total Income 1165650 1205000

Deduction Details

(as per old Tax regime) (as per new Tax regime)

Deductions u/s 80C(LIC, PF, PPF, NSC, Repayment of Housing Loan, etc.) 135000 N/A

Deduction u/s 80CCC(Payment in respect Pension Fund) N/A

Deductions u/s 80CCD(1)(Employees / Self-employed contribution N/A

Deductions u/s 80CCD (1B)(Additional Employees contribution towards NPS) N/A

Deductions u/s 80CCD (2)(Employers contribution towards NPS)

Total Deductions 135000 0

Deductions u/s 80D(MediClaim Premium) 18385 N/A

Deductions u/s 80G(Donations) N/A

Deductions u/s 80E(Interest on Loan for Higher Education) N/A

Deductions u/s 80EE(Interest on Loan taken for Residential House) N/A

Deductions u/s 80TTA(Interest on Savings Bank Account) N/A

Deductions u/s 80TTB(Interest on Deposits) 0 N/A

Any other deduction 0 N/A

Tax Details

(as per old Tax regime) (as per new Tax regime)

Taxable Income 1012265 1205000

1. Tax at Normal Rates 116179 91000

2. Tax at Special Rates (Capital Gains, Lottery, etc.) 0 0

Short Term Capital Gains (Covered u/s 111A) 0 0

Long Term Capital Gains (Charged to Tax @20%) 0 0

Long Term Capital Gains (Charged to tax @ 10%, other than LTCG u/s 112A) 0 0

Long Term Capital Gains u/s 112A(Charged to tax @ 10%) 0 0

Winnings (from Lottery, Crossword Puzzles, etc.) 0 0

Total Tax before Rebate 116179 91000

Less: Tax Rebate u/s 87A 0 0

Total Tax before Rebate 116179 91000

Surcharge 0 0

Add: Health & Education Cess 4647 3640

Total Tax on Income 120826 94640

TDS/TCS 0 0

Self-Assessment Tax / Advance Tax 0 0

Balance Tax Payable / Refundable 120830 94640

Add: Interest u/s 234A 0 0

Add: Interest u/s 234B 1208 946

Add: Interest u/s 234C 6098 4771

Add: Fees for late filing of return u/s 234F 0 0

Total Tax and Interest payable 128130 100360