Enter values in the highlighted cells only

Section Section Details Section Description Actuals Amount Exempted Max Eligible
80C ₹150,000.00 ₹150,000.00 ₹150,000.00 Section 80C
80CCD (2) Deduction for NPS Addl Deduction for NPS - ₹50,000 ₹0.00 ₹50,000.00 Description Amount
80CCD (1b) Deduction for NPS Employers Contribution ₹0.00 No Limit PPF ₹24,000.00
80TTA Interest on Savings Account Deduction from Gross Total Income for Interest on Savings Bank Account ₹0.00 ₹10,000.00 EPF
80GG House Rent Paid Deduction for House Rent Paid (per year) where HRA is not Received Not Eligible ₹60,000.00 Life Insurance Premium
80E Interest on Education Loan Deduction for Interest on Education Loan for Higher Studies ₹0.00 No Limit Home Loan - Principle
80EE Interest on Home Loan Deductions on Home Loan Interest for First Time Home Owner ₹0.00 ₹50,000.00 School Fees ₹126,000.00
80D Medical Insurance Deduction for the premium paid for Medical Insurance ₹0.00 Stamp Duty & Registration 21000
Self + Spouse + Children ₹0.00 ₹25,000.00 ELSS funds 126000
Dependant Parents (If aged above 60) ₹0.00 ₹50,000.00 NPS Scheme
Dependant Parents (If aged below 60) ₹0.00 ₹25,000.00 ULIP
80DD Disabled Dependent Deduction for Rehabilitation of Handicapped Dependent Relative ₹0.00 Tax saving FD (5 Years)
Disability is 40% or more but less than 80% ₹0.00 ₹75,000.00 Senior citizen savings scheme
Disability is 80% or more ₹0.00 ₹125,000.00 National Pension Scheme
80DDB Medical Expenditure Deduction for Medical Expenditure on Self or Dependent Relative ₹0.00 Sukanya Samriddhi Yojana ₹24,000.00
For individuals and HUFs below age 60 ₹40,000.00 Total ₹174,000.00
For senior citizens and super senior citizens ₹100,000.00 Eligible ₹150,000.00
80U Physical Disability Deduction for Person suffering from Physical Disability / Mental Retardation ₹0.00
Normal ₹75,000.00
Severe ₹0.00 ₹125,000.00
80G Donations Deduction for donations towards Social Causes ₹0.00 No Limit
80GGC Contribution to Political Parties Deduction on contributions given by any person to Political Parties ₹0.00 No Limit
80RRB Royalty of a Patent Deduction with respect to any Income by way of Royalty of a Patent ₹0.00 ₹300,000.00
80TTB Interest Income Deduction of Interest on Deposits for Senior Citizens ₹0.00 ₹50,000.00
Section 24 Interest on Home Loans Deductions from income from house property (not self-occupied) ₹0.00 ₹200,000.00

Total Income tax exempted : ₹150,000.00

NOTE: Enter values in the Highlighted Boxes ONLY

Enter Your House Rent here --> ₹21,000.00 (Monthly)

Enter your actual HRA here --> ₹213,288.00 (Annual - From your company system)
Whats your Basic Salary --> ₹533,220.00 (Annual)

HRA Calculation

Actual Rent Paid ₹252,000.00 (Annual)

Actual HRA ₹213,288.00
50% of Basic ₹266,610.00
Actual Rent Paid (-) 10% of Salary ₹198,678.00

Least of the above three ₹198,678.00

️️Your HRA Eligibility is ➡️ ₹198,678.00 ₹225,078.00

Monthly ₹16,556.50
r company system) 213288
533220
Enter values in the highlighted cells only

️Enter Your Salary here ️₹1,900,008.00 (Full Salary - Basic+Allowances)

️Your PF Contribution ️
️Tax Exempted Allowances ️ ₹0.00 Tax Exempted part of your "Flexible Benefits Package"
️Gross Taxable Income ️₹1,900,008.00

Income
Salary ₹1,900,008.00
Interest Income ₹0.00
Speculative Income (Lottery, Betting, Derivatives Trading, Gambling etc)
Capital Gains (Sale of Property, Shares)
Interest Income (Bond / NCD Interest)
Dividend Received (Dividend received in Shares / Mutual Funds)
HRA ₹198,678.00
Total Income ₹1,701,330.00

Tax Calculations ₹623,678.00

Gross Taxable Income ₹1,701,330.00

Standard Deduction -₹50,000.00
Deductions: -₹150,000.00 (For details - Refer to the "Tax Sections" sheet)

Net Taxable Income ₹1,501,330.00

 ₹2,109,008.88 1900008

Benefits Package"

, Gambling etc) Old Regime

Taxable Income
Tax Slab Amount
Up to 2,50,000 0.00% ₹0.00

Total Tax 2,50,001 to 5,00,000

5,00,001 to 7,50,000
5.00%
20.00%
₹12,500.00
₹50,000.00
Payable 7,50,001 to 10,00,000 20.00% ₹50,000.00
10,00,001 to 12,50,000 30.00% ₹75,000.00
12,50,001 to 15,00,000 30.00% ₹75,000.00
Above 15,00,000 30.00% ₹399.00
TOTAL TAX PAYABLE 262899

Which Regime is better for you?

 Tax Calculations

Taxable Income New Regime ₹1,501,330.00 ₹1,701,330.00

Tax Slab Amount Old
Upto 3,00,000 0.00% ₹0.00 0 ₹0.00 0
3,00,000 - 6,00,000 5.00% ₹15,000.00 5% ₹1,251,330.00 ₹12,500.00 ₹1,401,330.00
6,00,001 - 9,00,000 10.00% ₹30,000.00 20% ₹1,001,330.00 ₹50,000.00 ₹1,101,330.00
9,00,001 - 12,00,000 15.00% ₹45,000.00 20% ₹751,330.00 ₹50,000.00 ₹801,330.00
12,00,001 - 15,00,000 20.00% ₹60,000.00 30% ₹501,330.00 ₹75,000.00 ₹501,330.00
15,00,001 and above 30.00% ₹60,399.00 30% ₹251,330.00 ₹75,000.00 ₹201,330.00
30% ₹1,330.00 ₹399.00
210399
52500
17533.25

NEW
New
₹0.00
₹15,000.00 5%
₹30,000.00 10%
₹45,000.00 15%
₹60,000.00 20%
₹60,399.00 30%
1,976,724.00
15000
7200
16000
164724
24000
10000
150000
181800
25807
2,571,255.00