ABCHIJKLMNOPQRSTUVWXYZ
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Enter data in Yellow FieldsWorkings
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Annual Gross Salary (Rs) 1,200,000 Slab Amount (Old)Tax (Old)Slab Amount (New)Tax (New)
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Standard Deduction 50,000 250,000 - 250,000 -
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HRA 70,000 250,000 12,500 250,000 12,500
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PT and Entertainment Allowance - 250,000 50,000 250,000 25,000
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NPS - 55,000 11,000 250,000 37,500
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Leave Travel Allowance - - - 200,000 40,000
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Home Loan Interest Payment 125,000 - - - -
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Deduction u/s 80C 150,000 - - - -
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Health Insurance U/s 80D - Total 73,500 - 115,000
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Saving Bank Interest u/s 80TTA - Cess 2,940 - 4,600
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Total Exemption & Deductions 395,000 Total Taxes 76,440 - 119,600
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Taxable Income (Old) 805,000 Decision New Tax Slab result in Higher Taxes
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Tax Savings 43,160
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Better Option Old Tax Slabs
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