How much tax will you save? Income between Rs 2.5 lakh and Rs 5 lakh in pre budget and post budget scenario

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How much tax will save after budget

Income between Rs 2.5 lakh to Rs 5 lakh

Particulars Pre Budget Post Budget
Income From Salary 3,60,000 3,60,000
Less: Standard deduction -40,000 -50,000
Taxable salary 3,20,000 3,10,000
Tax on above 1,040 0
Less rebate u/s 67A 1,040 0
final tax payment (Including cess) 0 0
Tax saved 1,040

 

Income Between Rs 5 Lakh and Rs 6 Lakh

Particulars Pre Budget Post Budget
Income From Salary 5,50,000 5,50,000
Less: Standard deduction -40,000 -50,000
Taxable salary 5,10,000 50,00,000
Tax on above (Including cess) 15,080 0
Tax saved 15,080

 

Income between 6 Lakh And 10 Lakh

Particulars Pre Budget Post Budget
Income From Salary 8,50,000 8,50,000
Less: Standard deduction -40,000 -50,000
Taxable salary 8,10,000 8,00,000
Tax on above (Including cess) 77,480 75,400
Tax saved 2,080

 

Particulars Pre Budget Post Budget
Income From Salary 10,50,000 10,50,000
Less: Standard deduction -40,000 -50,000
Taxable salary 10,10,000 10,00,000
Tax on above (Including cess) 1,20,120 1,17,000
Tax saved 3,120
For Income above 50 lakh 3,422
For Income above 1 crore 3,588

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