Tax Comparison
| Tax Category | Old Regime | New Regime |
|---|---|---|
| Basic Salary (50% of Annual CTC) | 0 | 0 |
| Exemption: EPF Employer's Contribution (12% of Basic, upto 7.5 Lakh p.a.) | 0 | 0 |
| Exemptions under Sec 10 | ||
| HRA [Min. of HRA, Rent-10% of (Basic+DA), 50%/ 40% of (Basic+DA) for Metros/ Non-Metros] | 0 | NA |
| Children's Education Allowance (2 Kids) (Rs. 100 per kid p.m.) | 0 | NA |
| Children's Hostel Allowance (2 Kids) (Rs. 300 per kid p.m.) | 0 | NA |
| LTA (Twice in 4 years) | 50000 | NA |
| Reimbursements (Meal Coupons, Internet/ Mobile Bills, Car Lease etc.) | 0 | 0 |
| Deductions | ||
| Standard Deduction | 50000 | 50000 |
| Sec 24 - Interest on Home Loan upto 2 Lakhs or Loss from let out property upto 2 lakhs (Rent - Property Tax - 30% Rent- Interest) | 200000 | NA |
| Sec 80C - Investments upto 1.5 Lakhs (EPF, PPF, Home Loan Principal, Stamp Duty & Regn., ELSS, ULIP, Life Insurance Premium, SSY, NSC, Post Office FD, 5 Yr FD, Tuition Fee, NPS Sec 80CCD (1A)) | 150000 | NA |
| Sec 80CCD(1B) - Additional NPS (upto 50,000) | 50000 | NA |
| Sec 80CCD(2) - NPS (Employer's Contribution upto 10%/ 14% of Basic+DA, upto 7.5 lakh p.a.) | 0 | 0 |
| Sec 80D - Health Insurance Premium | 50000 | NA |
| Sec 80E - Interest on Education Loan (no limit) | 0 | NA |
| Sec 80EEB - Interest on EV Loan 2019-23, (upto 1.5 Lakhs) | 0 | NA |
| Taxable Income | 0 | 0 |