Inputs
Keep it minimal. For Old regime, enter a single combined deduction number (80C/80D/HRA/interest, caps not enforced here).
Typical salaried: ₹50,000
80C/80D/HRA/Section 24, etc. (manual total)
Allowed in both regimes
Results
We apply slabs → 87A rebate → 4% cess. No surcharge or marginal relief modeled.
Old regime tax
—
Effective rate: —
Take-home: —
New regime tax
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Effective rate: —
Take-home: —
Recommendation
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Notes
- Assumes FY 2024–25 slabs & 4% cess.
- 87A rebate threshold: ₹5L (Old), ₹7L (New).
- Most deductions disallowed in New (except employer NPS 80CCD(2) + std. deduction).
- Not modeled: surcharge & marginal relief.
Examples