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 |