Allowance | Deductions |
As per OLD Regime |
As per NEW Regime |
1. Income From Salary (+) |
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2. Income From Other Source (+) |
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3. Interest Paid On Home Loan (-) |
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4. Total Gross Taxable Income (1+2-3) |
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5. HRA Exemption Amount (-) |
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6. LTA Exemption Amount (-) |
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7. Standard Deductions (-) |
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8. 80C Deduction Amount (-) |
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9. Individual contribution to NPS 80CCD (-) |
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10. Medical Insurance 80D (-) |
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11. Employer contribution to NPS 80CCD (-) |
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12. 80 Other Deductions (-) |
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13. Total Exemption & Deduction (5+6+7+8+9+10+11+12) |
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14. Total Taxable Income (4-13) |
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15.Total Tax |
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16. Surcharge |
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17. Health & Education Cess |
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18. Total Income Tax for FY 2022-2023 (15+16+17) |
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Is Marginal Relif Applicable? |
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