One Pager – GIST – Old vs New Tax Regime for FY 2023-24 as on 10 Feb 2023

Total Standard 80C Section 80D 80E Tax Total Standard Tax
Income deduction 24 Income deduction

Note Please check your Interest Income, any other Income and also 80CCD, 80G, 80TTA, 80TTB, HRA,
any other deduction

Age Below 60 Age 60 - 80 Age Above 80

Age Below 60

Old Tax Regime New Tax Regime

Total Standard 80C Section 80D 80E Tax Total Standard Tax
Income deduction 24 Income deduction
300000 50000 0 0 0 0 Nil 300000 50000 Nil
400000 50000 0 0 0 0 Nil 400000 50000 Nil
500000 50000 0 0 0 0 Nil 500000 50000 Nil
550000 50000 0 0 0 0 Nil 550000 50000 Nil
600000 50000 0 0 0 0 23400 600000 50000 Nil
600000 50000 50000 0 0 0 Nil 600000 50000 Nil
650000 50000 0 0 0 0 33800 650000 50000 Nil
650000 50000 50000 0 0 0 23400 650000 50000 Nil
650000 50000 100000 0 0 0 Nil 650000 50000 Nil
700000 50000 0 0 0 0 44200 700000 50000 Nil
700000 50000 50000 0 0 0 33800 700000 50000 Nil
700000 50000 100000 0 0 0 23400 700000 50000 Nil
700000 50000 150000 0 0 0 Nil 700000 50000 Nil
750000 50000 0 0 0 0 54600 750000 50000 Nil
750000 50000 50000 0 0 0 44200 750000 50000 Nil
750000 50000 100000 0 0 0 33800 750000 50000 Nil
750000 50000 150000 0 0 0 23400 750000 50000 Nil
750000 50000 150000 0 25000 0 18200 750000 50000 Nil
750000 50000 150000 25000 25000 0 Nil 750000 50000 Nil
750000 50000 150000 25000 0 25000 Nil 750000 50000 Nil
750000 50000 150000 50000 0 0 Nil 750000 50000 Nil
750000 50000 150000 0 0 50000 Nil 750000 50000 Nil
800000 50000 0 0 0 0 65000 800000 50000 31200
800000 50000 50000 0 0 0 54600 800000 50000 31200
800000 50000 100000 0 0 0 44200 800000 50000 31200
800000 50000 150000 0 0 0 33800 800000 50000 31200
800000 50000 150000 50000 0 0 23400 800000 50000 31200
800000 50000 150000 0 0 50000 23400 800000 50000 31200
800000 50000 150000 50000 25000 0 18200 800000 50000 31200
800000 50000 150000 75000 25000 0 Nil 800000 50000 31200
800000 50000 150000 100000 0 0 Nil 800000 50000 31200
800000 50000 150000 0 0 100000 Nil 800000 50000 31200
850000 50000 0 0 0 0 75400 850000 50000 36400
850000 50000 50000 0 0 0 65000 850000 50000 36400
850000 50000 100000 0 0 0 54600 850000 50000 36400
850000 50000 150000 0 0 0 44200 850000 50000 36400
850000 50000 150000 50000 0 0 33800 850000 50000 36400
850000 50000 150000 0 0 50000 33800 850000 50000 36400
850000 50000 150000 100000 0 0 23400 850000 50000 36400
850000 50000 150000 0 0 100000 23400 850000 50000 36400

Prepared by Mr Chinmay Das, Spl Asst. If any discrepancy, please info – CHINMAY.DAS@BANKOFINDIA.CO.IN
Total Standard 80C Section 80D 80E Tax Total Standard Tax
Income deduction 24 Income deduction
850000 50000 150000 150000 0 0 Nil 850000 50000 36400
850000 50000 150000 0 0 150000 Nil 850000 50000 36400
850000 50000 150000 125000 25000 0 Nil 850000 50000 36400
900000 50000 0 0 0 0 85800 900000 50000 41600
900000 50000 50000 0 0 0 75400 900000 50000 41600
900000 50000 100000 0 0 0 65000 900000 50000 41600
900000 50000 150000 0 0 0 54600 900000 50000 41600
900000 50000 150000 50000 0 0 44200 900000 50000 41600
900000 50000 150000 100000 0 0 33800 900000 50000 41600
900000 50000 150000 150000 0 0 23400 900000 50000 41600
900000 50000 150000 200000 0 0 Nil 900000 50000 41600
950000 50000 0 0 0 0 96200 950000 50000 46800
950000 50000 150000 0 0 0 65000 950000 50000 46800
950000 50000 150000 100000 0 0 44200 950000 50000 46800
950000 50000 150000 200000 0 0 23400 950000 50000 46800
950000 50000 150000 200000 25000 0 18200 950000 50000 46800
950000 50000 150000 200000 25000 25000 Nil 950000 50000 46800
1000000 50000 0 0 0 0 106600 1000000 50000 54600
1000000 50000 150000 0 0 0 75400 1000000 50000 54600
1000000 50000 150000 100000 0 0 54600 1000000 50000 54600
1000000 50000 150000 200000 0 0 33800 1000000 50000 54600
1000000 50000 150000 200000 25000 0 28600 1000000 50000 54600
1050000 50000 0 0 0 0 117000 1050000 50000 62400
1050000 50000 150000 0 0 0 85800 1050000 50000 62400
1050000 50000 150000 100000 0 0 65000 1050000 50000 62400
1050000 50000 150000 200000 0 0 44200 1050000 50000 62400
1050000 50000 150000 200000 25000 0 39000 1050000 50000 62400
1100000 50000 0 0 0 0 132600 1100000 50000 70200
1100000 50000 150000 0 0 0 96200 1100000 50000 70200
1100000 50000 150000 0 25000 0 91000 1100000 50000 70200
1100000 50000 150000 100000 25000 0 70200 1100000 50000 70200
1150000 50000 0 0 0 0 148200 1150000 50000 78000
1150000 50000 150000 0 0 0 106620 1150000 50000 78000
1150000 50000 150000 0 25000 0 101400 1150000 50000 78000
1150000 50000 150000 100000 25000 0 80600 1150000 50000 78000
1200000 50000 0 0 0 0 163800 1200000 50000 85800
1200000 50000 150000 0 0 0 117000 1200000 50000 85800
1200000 50000 150000 0 25000 0 111800 1200000 50000 85800
1200000 50000 150000 100000 25000 0 91000 1200000 50000 85800
1200000 50000 150000 150000 25000 0 80600 1200000 50000 85800
1250000 50000 0 0 0 0 179400 1250000 50000 93600
1250000 50000 150000 0 0 0 132600 1250000 50000 93600
1250000 50000 150000 0 25000 0 124800 1250000 50000 93600
1250000 50000 150000 100000 0 0 106600 1250000 50000 93600
1250000 50000 150000 200000 0 0 85800 1250000 50000 93600
1300000 50000 0 0 0 0 195000 1300000 50000 104000
1300000 50000 150000 0 0 0 148200 1300000 50000 104000
1300000 50000 150000 200000 0 0 96200 1300000 50000 104000
1350000 50000 0 0 0 0 210600 1350000 50000 114400
1350000 50000 150000 0 0 0 163800 1350000 50000 114400
1350000 50000 150000 200000 0 0 106600 1350000 50000 114400
1400000 50000 0 0 0 0 226200 1400000 50000 124800
1400000 50000 150000 0 0 0 179400 1400000 50000 124800
1400000 50000 150000 200000 0 0 117000 1400000 50000 124800

Prepared by Mr Chinmay Das, Spl Asst. If any discrepancy, please info – CHINMAY.DAS@BANKOFINDIA.CO.IN
Total Standard 80C Section 80D 80E Tax Total Standard Tax
Income deduction 24 Income deduction
1450000 50000 0 0 0 0 241800 1450000 50000 135200
1450000 50000 150000 0 0 0 195000 1450000 50000 135200
1450000 50000 150000 200000 0 0 132600 1450000 50000 135200
1500000 50000 0 0 0 0 257400 1500000 50000 145600
1500000 50000 150000 0 0 0 210600 1500000 50000 145600
1500000 50000 150000 200000 0 0 148200 1500000 50000 145600
1500000 50000 150000 200000 25000 0 140400 1500000 50000 145600
1550000 50000 0 0 0 0 273000 1550000 50000 156000
1550000 50000 150000 0 0 0 226200 1550000 50000 156000
1550000 50000 150000 200000 0 0 163800 1550000 50000 156000
1550000 50000 150000 200000 25000 0 156000 1550000 50000 156000
1600000 50000 0 0 0 0 288600 1600000 50000 171600
1600000 50000 150000 0 0 0 241800 1600000 50000 171600
1600000 50000 150000 200000 0 0 179400 1600000 50000 171600
1600000 50000 150000 200000 0 0 171600 1600000 50000 171600
1650000 50000 0 0 0 0 304200 1650000 50000 187200
1650000 50000 150000 0 0 0 257400 1650000 50000 187200
1650000 50000 150000 200000 0 0 195000 1650000 50000 187200
1650000 50000 150000 200000 25000 0 187200 1650000 50000 187200
1700000 50000 0 0 0 0 319800 1700000 50000 202800
1700000 50000 150000 0 0 0 273000 1700000 50000 202800
1700000 50000 150000 200000 0 0 210600 1700000 50000 202800
1700000 50000 150000 200000 25000 0 202800 1700000 50000 202800
1750000 50000 0 0 0 0 335400 1750000 50000 218400
1750000 50000 150000 0 0 0 288600 1750000 50000 218400
1750000 50000 150000 200000 0 0 226200 1750000 50000 218400
1750000 50000 150000 200000 25000 0 218400 1750000 50000 218400
1800000 50000 0 0 0 0 351000 1800000 50000 234000
1800000 50000 150000 0 0 0 304200 1800000 50000 234000
1800000 50000 150000 200000 0 0 241800 1800000 50000 234000
1800000 50000 150000 200000 25000 0 234000 1800000 50000 234000
1850000 50000 0 0 0 0 366600 1850000 50000 249600
1850000 50000 150000 0 0 0 319800 1850000 50000 249600
1850000 50000 150000 200000 0 0 257400 1850000 50000 249600
1850000 50000 150000 200000 25000 0 249600 1850000 50000 249600
1900000 50000 0 0 0 0 382200 1900000 50000 265200
1900000 50000 150000 0 0 0 335400 1900000 50000 265200
1900000 50000 150000 200000 0 0 273000 1900000 50000 265200
1900000 50000 150000 200000 25000 0 265200 1900000 50000 265200
1950000 50000 0 0 0 0 397800 1950000 50000 280800
1950000 50000 150000 0 0 0 351000 1950000 50000 280800
1950000 50000 150000 200000 0 0 288600 1950000 50000 280800
1950000 50000 150000 200000 25000 0 280800 1950000 50000 280800
2000000 50000 0 0 0 0 413400 2000000 50000 296400
2000000 50000 150000 0 0 0 366600 2000000 50000 296400
2000000 50000 150000 200000 0 0 304200 2000000 50000 296400
2000000 50000 150000 200000 25000 0 296400 2000000 50000 296400

Age 60 - 80

Old Tax Regime New Tax Regime

Total Standard 80C Section 80D 80E Tax Total Standard Tax
Income deduction 24 Income deduction

Prepared by Mr Chinmay Das, Spl Asst. If any discrepancy, please info – CHINMAY.DAS@BANKOFINDIA.CO.IN
Total Standard 80C Section 80D 80E Tax Total Standard Tax
Income deduction 24 Income deduction
400000 50000 0 0 0 0 Nil 400000 50000 Nil
500000 50000 0 0 0 0 Nil 500000 50000 Nil
550000 50000 0 0 0 0 Nil 550000 50000 Nil
600000 50000 0 0 0 0 20800 600000 50000 Nil
600000 50000 50000 0 0 0 Nil 600000 50000 Nil
650000 50000 0 0 0 0 31200 650000 50000 Nil
650000 50000 50000 0 0 0 20800 650000 50000 Nil
650000 50000 100000 0 0 0 Nil 650000 50000 Nil
700000 50000 0 0 0 0 41600 700000 50000 Nil
700000 50000 50000 0 0 0 31200 700000 50000 Nil
700000 50000 100000 0 0 0 20800 700000 50000 Nil
700000 50000 150000 0 0 0 Nil 700000 50000 Nil
750000 50000 0 0 0 0 52600 750000 50000 Nil
750000 50000 50000 0 0 0 41600 750000 50000 Nil
750000 50000 100000 0 0 0 31200 750000 50000 Nil
750000 50000 150000 0 0 0 20800 750000 50000 Nil
750000 50000 150000 0 25000 0 15600 750000 50000 Nil
750000 50000 150000 0 50000 0 Nil 750000 50000 Nil
750000 50000 150000 50000 0 0 Nil 750000 50000 Nil
800000 50000 0 0 0 0 62400 800000 50000 31200
800000 50000 50000 0 0 0 52000 800000 50000 31200
800000 50000 100000 0 0 0 41600 800000 50000 31200
800000 50000 150000 0 0 0 31200 800000 50000 31200
800000 50000 150000 0 50000 0 23400 800000 50000 31200
850000 50000 0 0 0 0 72800 850000 50000 36400
850000 50000 50000 0 0 0 62400 850000 50000 36400
850000 50000 100000 0 0 0 52000 850000 50000 36400
850000 50000 150000 0 0 0 41600 850000 50000 36400
850000 50000 150000 50000 0 0 31200 850000 50000 36400
850000 50000 150000 0 50000 0 31200 850000 50000 36400
900000 50000 0 0 0 0 83200 900000 50000 41600
900000 50000 50000 0 0 0 72800 900000 50000 41600
900000 50000 100000 0 0 0 62400 900000 50000 41600
900000 50000 150000 0 0 0 52000 900000 50000 41600
900000 50000 150000 0 50000 0 41600 900000 50000 41600
950000 50000 0 0 0 0 93600 950000 50000 46800
950000 50000 150000 0 0 0 62400 950000 50000 46800
950000 50000 150000 0 50000 0 52000 950000 50000 46800
950000 50000 150000 50000 50000 0 41600 950000 50000 46800
1000000 50000 0 0 0 0 104000 1000000 50000 54600
1000000 50000 150000 0 0 0 72800 1000000 50000 54600
1000000 50000 150000 0 50000 0 62400 1000000 50000 54600
1000000 50000 150000 50000 50000 0 52000 1000000 50000 54600
1050000 50000 0 0 0 0 114400 1050000 50000 62400
1050000 50000 150000 0 0 0 83200 1050000 50000 62400
1050000 50000 150000 0 50000 0 72800 1050000 50000 62400
1050000 50000 150000 50000 50000 0 62400 1050000 50000 62400
1100000 50000 0 0 0 0 130000 1100000 50000 70200
1100000 50000 150000 0 0 0 93600 1100000 50000 70200
1100000 50000 150000 0 50000 0 83200 1100000 50000 70200
1100000 50000 150000 50000 50000 0 72800 1100000 50000 70200
1150000 50000 0 0 0 0 145600 1150000 50000 78000
1150000 50000 150000 0 0 0 104000 1150000 50000 78000
1150000 50000 150000 0 50000 0 93600 1150000 50000 78000

Prepared by Mr Chinmay Das, Spl Asst. If any discrepancy, please info – CHINMAY.DAS@BANKOFINDIA.CO.IN
Total Standard 80C Section 80D 80E Tax Total Standard Tax
Income deduction 24 Income deduction
1150000 50000 150000 50000 50000 0 83200 1150000 50000 78000
1200000 50000 0 0 0 0 161200 1200000 50000 85800
1200000 50000 150000 0 0 0 114400 1200000 50000 85800
1200000 50000 150000 0 50000 0 104000 1200000 50000 85800

Age above 80

Old Tax Regime New Tax Regime

Total Standard 80C Section 80D 80E Tax Total Standard Tax
Income deduction 24 Income deduction
300000 50000 0 0 0 0 Nil 300000 50000 Nil
400000 50000 0 0 0 0 Nil 400000 50000 Nil
500000 50000 0 0 0 0 Nil 500000 50000 Nil
550000 50000 0 0 0 0 Nil 550000 50000 Nil
600000 50000 0 0 0 0 10400 600000 50000 Nil
600000 50000 50000 0 0 0 Nil 600000 50000 Nil
650000 50000 0 0 0 0 20800 650000 50000 Nil
650000 50000 50000 0 0 0 10400 650000 50000 Nil
650000 50000 100000 0 0 0 Nil 650000 50000 Nil
700000 50000 0 0 0 0 31200 700000 50000 Nil
700000 50000 50000 0 0 0 20800 700000 50000 Nil
700000 50000 100000 0 0 0 10400 700000 50000 Nil
700000 50000 150000 0 0 0 Nil 700000 50000 Nil
750000 50000 0 0 0 0 41600 750000 50000 Nil
750000 50000 50000 0 0 0 31200 750000 50000 Nil
750000 50000 100000 0 0 0 20800 750000 50000 Nil
750000 50000 150000 0 0 0 10400 750000 50000 Nil
750000 50000 150000 0 50000 0 Nil 750000 50000 Nil
800000 50000 0 0 0 0 52000 800000 50000 31200
800000 50000 50000 0 0 0 41600 800000 50000 31200
800000 50000 100000 0 0 0 31200 800000 50000 31200
800000 50000 150000 0 0 0 20800 800000 50000 31200
800000 50000 150000 0 50000 0 10400 800000 50000 31200
850000 50000 0 0 0 0 62400 850000 50000 36400
850000 50000 100000 0 0 0 41600 850000 50000 36400
850000 50000 150000 0 0 0 31200 850000 50000 36400
850000 50000 150000 0 50000 0 20800 850000 50000 36400
900000 50000 0 0 0 0 72800 900000 50000 41600
900000 50000 100000 0 0 0 52000 900000 50000 41600
900000 50000 150000 0 0 0 41600 900000 50000 41600
900000 50000 150000 0 50000 0 31200 900000 50000 41600
950000 50000 0 0 0 0 83200 950000 50000 46800
950000 50000 150000 0 0 0 52000 950000 50000 46800
950000 50000 150000 0 50000 0 41600 950000 50000 46800
1000000 50000 0 0 0 0 93600 1000000 50000 54600
1000000 50000 150000 0 0 0 62400 1000000 50000 54600
1000000 50000 150000 0 50000 0 52000 1000000 50000 54600
1050000 50000 0 0 0 0 104000 1050000 50000 62400
1050000 50000 150000 0 0 0 72800 1050000 50000 62400
1050000 50000 150000 0 50000 0 62400 1050000 50000 62400
1100000 50000 0 0 0 0 119600 1100000 50000 70200
1100000 50000 150000 0 0 0 83200 1100000 50000 70200
1100000 50000 150000 0 50000 0 72800 1100000 50000 70200

Prepared by Mr Chinmay Das, Spl Asst. If any discrepancy, please info – CHINMAY.DAS@BANKOFINDIA.CO.IN
Total Standard 80C Section 80D 80E Tax Total Standard Tax
Income deduction 24 Income deduction
1150000 50000 0 0 0 0 135200 1150000 50000 78000
1150000 50000 150000 0 0 0 93600 1150000 50000 78000
1150000 50000 150000 0 50000 0 83200 1150000 50000 78000
1200000 50000 0 0 0 0 150800 1200000 50000 85800
1200000 50000 150000 0 0 0 104000 1200000 50000 85800
1200000 50000 150000 0 50000 0 93600 1200000 50000 85800

Prepared by Mr Chinmay Das, Spl Asst. If any discrepancy, please info – CHINMAY.DAS@BANKOFINDIA.CO.IN