Set to a ₹30 lakh salary. Add your own income and deductions.
Taxable income is ₹29.25 lakh after the ₹75,000 standard deduction. The new regime charges ₹3,00,000 on the first ₹24 lakh and 30% on the remaining ₹5.25 lakh (₹1,57,500): ₹4,57,500 in all, or ₹4,75,800 with 4% cess.
Taxable income is ₹29.25 lakh after the ₹75,000 standard deduction. The new regime charges ₹3,00,000 on the first ₹24 lakh and 30% on the remaining ₹5.25 lakh (₹1,57,500): ₹4,57,500 in all, or ₹4,75,800 with 4% cess.
In the old regime the tax is ₹7,25,400 with only the ₹50,000 standard deduction and ₹6,08,400 with ₹3.75 lakh of deductions. The old regime matches the new one only with about ₹8 lakh of deductions.
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About ₹39,650 a month in the new regime.
No. Surcharge starts only when taxable income is above ₹50 lakh.
Only with about ₹8 lakh or more of deductions, for example a large HRA claim plus home loan interest, 80C, 80D and NPS together.
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