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  • Old Vs New Tax Regime

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    Shaswata Saha
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    This document contains tax calculations for an individual with a total income of Rs. 850,000 who is a salaried person. It shows the tax amount under the old and new tax regimes after accounting for a standard deduction of Rs. 50,000 and other deductions of Rs. 300,000. The old tax regime is better by Rs. 22,500 compared to the new regime for this person.

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    Old vs New Tax Regime

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    This document contains tax calculations for an individual with a total income of Rs. 850,000 who is a salaried person. It shows the tax amount under the old and new tax regimes after accounting for a standard deduction of Rs. 50,000 and other deductions of Rs. 300,000. The old tax regime is better by Rs. 22,500 compared to the new regime for this person.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    8 views1 page

    Old Vs New Tax Regime

    Uploaded by

    Shaswata Saha
    This document contains tax calculations for an individual with a total income of Rs. 850,000 who is a salaried person. It shows the tax amount under the old and new tax regimes after accounting for a standard deduction of Rs. 50,000 and other deductions of Rs. 300,000. The old tax regime is better by Rs. 22,500 compared to the new regime for this person.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    This workbook along with all its contents are the

    intellectual property of Finance with Sharan, distribution of


    which is strictly prohibited.

    Entry cells
    Formula cells

    Tax Details
    Are you a salaried person? Yes

    Particulars Amount
    Total Income ₹ 850,000
    Standard deduction ₹ 50,000
    Other deductions ₹ 300,000
    Tax under Old Regime ₹ 12,500
    Tax under New regime ₹ 35,000

    Old regime is better by ₹ 22,500

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