Thinking Tamizha - Youtube Channel

Gross total income 740000

Standard deduction ₹ 50,000.00

HRA exemption ₹ 84,000.00
LTA ₹ 0.00
Sec 80C, 80CCC, 80 CCD(1B)
(Max Rs 2L) ₹ 40,000.00
Employee provident fund (EPF), PPF,
ELSS etc totaling to 1.5 L
₹ 40,000.00
Sec 80D ₹ 16,000.00
Medical insurance for self and family ₹ 16,000.00
Medical insurance for parents
Housing loan interest
NPS
All other exemptions (LTA, children
education etc.)

Instructions
Fill your details about income, savings, investments and other relevant deductions in
Other cells are password protected cells, Do not edit/change those cells
 Old regime New Regime
Gross total income ₹ 740,000.00 ₹ 740,000.00
Deductions ₹ 190,000.00 ₹ 50,000.00
Net taxable income ₹ 550,000.00 ₹ 690,000.00

Total income tax ₹ 22,500.00 ₹ 0.00

Which Tax regime is

better? New Regime

Income tax ₹ 22,500.00 ₹ 0.00

Total income tax + 4% cess ₹ 23,400.00 ₹ 0.00

Total in-hand after tax ₹ 717,500.00 ₹ 740,000.00

er relevant deductions in cells highlighted in Yellow (Column - D)

e those cells