Please copy the data into a different sheet for changing values and your own calculations

Gross Income (₹) 1,500,000 Net Taxable Income (₹) Old Rate Tax Amount New Rate Tax Amount
Upto ₹ 2.5 Lakhs 0 0 0 0
Low Medium High
Deductions Deductions Deductions ₹ 2.5 Lakhs - ₹ 5 Lakhs 0 0 0 0
₹ 2.5 Lakhs - ₹ 5 Lakhs 5% 12,500 5% 12,500
Gross Income 1,500,000 1,500,000 1,500,000 ₹ 5 Lakhs - ₹ 7.5 Lakhs 20% 50,000 10% 25,000
HRA Exemption 360,000 ₹ 7.5 Lakhs - ₹ 10 Lakhs 20% 50,000 15% 37,500
Standard Deduction 50,000 50,000 50,000 ₹ 10 Lakhs - ₹ 12.5 Lakhs 30% 75,000 20% 50,000
₹ 12.5 Lakhs - ₹ 15 Lakhs 30% 75,000 25% 62,500
Gross Total Income 1,450,000 1,450,000 1,090,000 > ₹ 15 Lakhs 30% 30%
Deductions under Sec. 80C 150,000 150,000
Deductions under Sec. 80D Exemptions & Deductions YES NO
Net Taxable Income 1,450,000 1,300,000 940,000

Tax @ Old Slabs 257,400 210,600 104,520

Tax @ New Slabs 195,000 195,000 195,000 When to Choose Old Tax Structure
Difference under New Slabs 62,400 15,600 -90,480 Gross Income Deductions
7,50,000 >1,25,000
10,00,000 >1,87,000
12,50,000 >2,08,000
>=15,00,000 >2,50,000