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Only enter values in the yellow cells. All other cells will auto-populate.
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MAKE SURE YOU ENTER ANNUAL AMOUNT IN ALL CELLS
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ENTER YOUR SALARY DETAILS (ANNUAL AMOUNT)HERE'S YOUR TAX LIABILITY
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Enter your gross salary (annual) 2,858,400 Old regimeNew regime (FY 2023-24)
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Enter total exemptions below (annual)Income 2,858,400 2,858,400
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HRA exemption (refer row 19 and below for calculations) 293,280 Total exemptions 393,280 -
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LTA amount you will claim (annual) 50,000 Total deductions 290,000 50,000
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Any other exemptions (Food, petrol etc - Add all & enter value here - annual) 50,000
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TOTAL EXEMPTIONS 393,280 Taxable income 2,175,120 2,808,400
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Tax slab you fall under30%30%
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Enter total deductions below (annual amounts only)Your tax liability 483,637 564,221
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Standard Deduction (applicable for everyone automatically) 50,000 Your tax liability 465,036 542,520
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80C deductions 150,000
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80D deductions 40,000
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80CCD (1B) (NPS) deduction 50,000
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Other deductions
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TOTAL DEDUCTIONS 290,000
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You should opt forOLD REGIME
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HRA Calculations (Annual amount)
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HRA given by employer (annual amount) 571,680 Calculator created by Ankur Jhaveri
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Actual rent paid (annual - all 12 months) 360,000
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City METRO
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Basic salary amount 667,200
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Disclaimer: This is not tax advice. All calculations are done taking utmost care of the regimes. However, do consult a tax expert/CA before choosing your regime
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