Instruction to use this Sheet

1This sheet is developed by Atul Gupta

2Only orange Cells to be filled
3Please don’t fill/change any other cell other than or
4This sheet is useful only for salaried and other sourc
5Only for Individuals below 80 Years of Age
6 Disclaimer: Utmost care have been taken in preparin
If you find any error please mail @ ca.atulgupta.indi
7Please consult your tax consultant before arriving on
 other than orange color cells
nd other sources income tax payers only

ken in preparing this calculation sheet.

atulgupta.india@gmail.com
ore arriving on any decision
 Calculation Sheet of Income Tax based on Old Vs New Tax Regime
For the Year 01/04/2023 to 31/03/2024 i.e. AY 2024-2025 By CA Atul Gupta
Salary Annual Figures Old Regime New Regime
Basic 800000 800000 800000
HRA 0 0 0
other Allowances/Income 0 0 0
Total Salary 800000 800000 800000
Deductions
Standard Deduction 50000 50000
Rent Paid (Annual) 0
Whether Metro Delhi/Mumbai/Kolkatta/Chennai
Interest on Housing Loan 0 0
80C 150000 150000
80D 25000 25000
Other deductions 0 0

Taxable Income 575000 750000

Tax Amount 27500 30000
Surcharge 0 0
HSEC 1100 1200
Total Tax Payable 28600 31200
Recommended Old Regime
Delhi/Mumbai/Kolkatta/Chen
Other cities
400000
320000
400000
-80000

old
250000
500000
1000000

5000000
20000000
Delhi/Mumbai/Kolkatta/Chennai
Other cities

New
5 300000 5
20 600000 10
30 900000 15
1200000 20

10 5000000 10
25 20000000 25