New Income Tax Calculation Excel|| Old Tax Regime Vs New Tax Regime
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NEW TAX REGIME:
No Income Tax on Income between Rs. 0 to Rs. 3 lacs
5% Tax on Income between Rs. 3 lacs to Rs. 6 lacs
10% Tax on Income between Rs. 6 lacs to Rs. 9 lacs
15% Tax on Income between Rs. 9 lacs to Rs. 12 lacs
20% Tax on Income between Rs. 11 lacs to Rs. 15 lacs
30% Tax on Income above Rs. 15 lacs
OLD TAX REGIME:
No Income Tax on Income between Rs. 0 to Rs. 2.5 lacs
5% Tax on Income between Rs. 2.5 lacs to Rs. 5 lacs
20% Tax on Income between Rs. 5 lacs to Rs. 10 lacs
30% Tax on Income above Rs. 10 lacs
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