1. Your Financial Details
₹
Salary, Professional Fees & Business Profits
₹
Max limit: ₹1,50,000 (Applicable in Old Regime only)
₹
Rent allowance or interest on home loan
₹
Health insurance premiums & extra NPS
2. Comparative Tax Breakdown
Old Tax Regime
With Itemized Deductions
₹ 1,17,000
Standard Deduction:
₹ 50,000
Total Deductions:
₹ 3,50,000
Net Taxable Income:
₹ 8,50,000
4% Cess:
₹ 4,500
Recommended Choice
New Tax Act 2025
Simplified Low Slabs
₹ 85,800
Standard Deduction:
₹ 75,000
Deductions Allowed:
Nil (Direct Low Rates)
Net Taxable Income:
₹ 11,25,000
4% Cess:
₹ 3,300
You save approximately ₹31,200 under the New Regime!
Based on your deductions of ₹3,00,000, the lower tax slabs and enhanced ₹75,000 standard deduction under the New Tax Act 2025 offer higher net take-home income.
Note: This is an indicative comparison. Actual liability varies with surcharge, capital gains, and business profit set-offs. Consult Bilal Consultancy Services for certified return filing.