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 Note:
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 Only cells highlighted in yellow color are to be filled
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 Age 42
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 Regime to be Selected New Tax Regime
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 Particulars Old Tax Regime New Tax Regime
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 Income From Salary:
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 Gross Salary (including LTC, if any) ₹ 3,336,468₹ 3,336,468
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 Less:
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 House Rent Allowance exemption
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 Other Exemptions (CEA) ₹ 1,200
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 LTC ₹ 83,403
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₹ 84,603
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 Gross Salary ₹ 3,251,865₹ 3,336,468
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 Less:
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 Professional Tax ₹ 2,500
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 Standard Deduction ₹ 50,000₹ 75,000
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 Income From Salary ₹ 3,199,365₹ 3,261,468
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 Income From House Property: ₹ 0₹ 0
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 Less: Interest on Housing Loan (Self Occupied)
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 Income from Other Sources:
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 Interest (From Savings Account)
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 Interest (From Fixed Deposits)
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 Dividend Income
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 Gross Total Income ₹ 3,199,365₹ 3,261,468
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 Deduction under Chapter VIA:
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 Total 80C Deduction claimed ₹ 150,000
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 Total Deduction allowed ₹ 150,000
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 80CCD(1B) Contribution To NPS By Assessee ₹ 50,000
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 80CCD(2) Contribution To NPS By Employer ₹ 339,321₹ 339,321
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 80D Medical Insurance Premium
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 80TTA Interest earned on Savings Accounts (Individuals below 60 years of age)
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 80TTB Interest earned on Fixed Deposits and Savings Accounts (For Senior Citizens)
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 Other Deductions
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 Total Deductions ₹ 539,321₹ 339,321
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 Total Taxable Income ₹ 2,660,044₹ 2,922,147
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 Tax Amount Before Rebate ₹ 610,513₹ 566,644
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 Less: Rebate u/s 87A ₹ 0₹ 0
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 Net Tax Liability ₹ 610,513₹ 566,644
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 Add: Surcharge* ₹ 0₹ 0
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 Add: Health And Education Cess @ 4% ₹ 24,421₹ 22,666
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 Final tax payable (Including Surcharge) ₹ 634,934₹ 589,310₹ 45,624
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 Assumptions:
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Calculator prepared considering common exemptions and deductions.
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This calculator is useful for Salaried and Other Sources of income taxpayers majorly.
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House Rent Allowance exemption to be put in manually as there are other factors that decides the exemption amount.
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You can put manually exemptions and deductions which are not mentioned in the calculator.
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 Individuals up to the age of 80 years can use this calculator.
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