Old vs New Tax Regime Comparator
Updated with Finance Act provisions for Standard Deduction (₹75k), Surcharge & 87A Rebate.
Deductions (Applicable for Old Regime)
Old Tax Regime is Beneficial
You save ₹53,560 by opting for the Old Tax Regime.
Net Annual Savings
₹53,560
Computation of Total Income & Tax Liability
Client: Ramesh Kumar | PAN: ABCDE1234F | Assessment Year: 2027-28
| Particulars | Old Tax Regime | New Tax Regime (115BAC) |
|---|---|---|
| Gross Total Income | ₹19,50,000 | ₹19,50,000 |
| Less: Standard Deduction u/s 16(ia) | - ₹50,000 | - ₹75,000 |
| Less: Chapter VI-A & Other Deductions | - ₹6,05,000 | Not Allowed |
| Net Taxable Income | ₹12,95,000 | ₹18,75,000 |
| Tax Computed on Slabs | ₹2,01,000 | ₹2,52,500 |
| Less: Rebate u/s 87A | - ₹0 | - ₹0 |
| Add: Health & Education Cess (4%) | ₹8,040 | ₹10,100 |
| Total Tax Payable | ₹2,09,040 | ₹2,62,600 |
Supercharge this with Turia Practice
Inside Turia Practice, client income and AIS/Form 16 data are auto-fetched to generate this computation sheet in 1 click and attach it to the ITR filing task.
Statutory & Compliance Disclaimer
This tool is an automated calculation, formatting, and compliance aid provided for informational purposes only. It does not constitute formal legal, taxation, or professional auditing advice. Calculations, citations, and draft documents must be independently verified by a qualified Chartered Accountant (CA) or Company Secretary (CS) against statutory provisions and applicable ICAI/ICSI guidelines before execution or certification.