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    Tax Calculator Old Regime vs New Regime

    Uploaded by

    Sagar

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    © All Rights Reserved
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    Tax Calculator Old Regime vs New Regime

    Uploaded by

    Sagar
    0 views1 page

    Copyright

    © © All Rights Reserved

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    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    0 views1 page

    Tax Calculator Old Regime vs New Regime

    Uploaded by

    Sagar

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 1

    Name of the Employee

    PAN No.
    Father's Name
    Address
    Designation
    Date of Birth
    Department
    YOU CAN CHANGE THIS FIGURE TO GET REQUIRED DATA
    CTC 139,000 139,000 139,000 139,000 139,000 ### 139,000 139,000 139,000 ### ### ###
    Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Total
    Basic 55600 55600 55600 55600 55600 55600 55600 55600 55600 55600 55600 55600 667200
    HRA 22240 22240 22240 22240 22240 22240 22240 22240 22240 22240 22240 22240 266880
    Earnings

    Children Educat. 0 0 0 0 0 0 0 0 0 0 0 0 0
    Telephone 1000 1000 1000 1000 1000 1000 1000 1000 1000 1000 1000 1000 12000
    LTA 0 0 0 0 0 0 0 0 0 0 0 0 0
    Special Pay 0 0 0 0 0 0 0 0 0 0 0 0 0
    Others 58360 58360 58360 58360 58360 58360 58360 58360 58360 58360 58360 58360 700320
    GROSS 137200 137200 137200 137200 137200 137200 137200 137200 137200 137200 137200 137200 1646400
    Provident Fund 1800 1800 1800 1800 1800 1800 1800 1800 1800 1800 1800 1800 21600
    CTC 139000 139000 139000 139000 139000 139000 139000 139000 139000 139000 139000 139000 1668000
    Prof tax 200 200 200 200 200 200 200 200 200 200 200 200 2400
    Deductions

    PF 1800 1800 1800 1800 1800 1800 1800 1800 1800 1800 1800 1800 21600
    IT 0 0 0 0 0 0 0 0 0 0 0 0 0
    LOP 0 0 0 0 0 0 0 0 0 0 0 0 0
    Tot Ded 2000 2000 2000 2000 2000 2000 2000 2000 2000 2000 2000 2000 24000
    Net 135200 135200 135200 135200 135200 135200 135200 135200 135200 135200 135200 135200 1622400

    Statement of total income


    Old Regime New Regime
    Income from salaries : 1646400 1646400
    From 01-04-2024 to 31-03-2025
    Less : Allowances Exempted U/s. 10
    House Rent Allowance Not eligible
    a. 40% of Basic Salary 266880
    b. Rent Paid less 10% of Basic S 10000 P.M. 53280
    c. Actual HRA Paid 266880 53280
    Children Education Allowance 0 Not eligible
    Telephone Expenses (Rs.12000/- m 0 0 Not eligible
    LTA 0 0 Not eligible
    Total 53280 53280
    1593120
    Less: Standrad deduction 50000 75000
    Less: Professional Tax U/s 16 2400 Not eligible
    Taxable Salary Income 1540720 1571400
    Interest on Housing Loan Not eligible
    Interest on Housing Loan 280000

    Taxable House Property Income -200000 0

    Income from Other Sources 0 0

    Gross Total Income 1340720 1571400


    Deductions Chapter VI A Not eligible
    1. Mediclaim 80D 57000
    2. Interest on Education Loan 80E 0
    3. Disability (80DDB etc.,) 0
    57000
    Net Taxable income 1283720 1571400

    Deductions Under Section 80C: Not eligible

    (a) LIC Premium 52000


    (b) Children Education Expenses (Tution & Term Fees only) 0
    (c) Public Provident Fund 0
    (d) Housing Loan Principal 135000
    (e) Other Savings 0
    187000 150000

    (f) Employee NPS 0 0 Not eligible

    Net Taxable Income 1133720 1571400

    Tax Calculations
    Tax Thereon 152616 161420
    Less: Rebate (87A) 0 0
    Net Tax Payable 152616 161420
    Add: Surcharge @ 10% 0 0
    Add: Education Cess @ 4% 6105 6457
    Tax, Surcharge and Education Cess Payable 158721 167877
    Less: Tax Deducted at Source 0 0
    Balance Tax to be deducted 158721 167877
    Devided into Monthly Tax 13227 13990

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