Income Tax 01 Feb,2020
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Budget 2020: Compare the ‘Tax Saving’ under the new and old tax regime on different net incomes
Editorial Team

COMPARATIVE TAX TABLE

[As proposed for resident individual (age less than 60 years) who presently takes a deduction of Rs. 1,50,000 under section 80C]

(All figures in INR, net income is before deduction
under section 80C, tax liability is after rebate under
section 87A and after including HEC)

 

NI Tax liability under new tax regime Tax liability under old tax regime Tax saving under new tax regime NI Tax liability under new tax regime Tax liability under old tax regime Tax saving under new tax regime NI Tax liability under new tax regime Tax liability under old tax regime Tax saving under new tax regime
250000 0 0 0 1125000 104000 111800 7800 2000000 351000 382200 31200
275000 0 0 0 1150000 109200 117000 7800 2025000 358800 390000 31200
300000 0 0 0 1175000 114400 124800 10400 2050000 366600 397800 31200
325000 0 0 0 1200000 119600 132600 13000 2075000 374400 405600 31200
350000 0 0 0 1225000 124800 140400 15600 2100000 382200 413400 31200
375000 0 0 0 1250000 130000 148200 18200 2125000 390000 421200 31200
400000 0 0 0 1275000 136500 156000 19500 2150000 397800 429000 31200
425000 0 0 0 1300000 143000 163800 20800 2175000 405600 436800 31200
450000 0 0 0 1325000 149500 171600 22100 2200000 413400 444600 31200
475000 0 0 0 1350000 156000 179400 23400 2225000 421200 452400 31200
500000 0 0 0 1375000 162500 187200 24700 2250000 429000 460200 31200
525000 15600 0 -15600 1400000 169000 195000 26000 2275000 436800 468000 31200
550000 18200 0 -18200 1425000 175500 202800 27300 2300000 444600 475800 31200
575000 20800 0 -20800 1450000 182000 210600 28600 2325000 452400 483600 31200
600000 23400 0 -23400 1475000 188500 218400 29900 2350000 460200 491400 31200
625000 26000 0 -26000 1500000 195000 226200 31200 2375000 468000 499200 31200
650000 28600 0 -28600 1525000 202800 234000 31200 2400000 475800 507000 31200
675000 31200 18200 -13000 1550000 210600 241800 31200 2425000 483600 514800 31200
700000 33800 23400 -10400 1575000 218400 249600 31200 2450000 491400 522600 31200
725000 36400 28600 -7800 1600000 226200 257400 31200 2475000 499200 530400 31200
750000 39000 33800 -5200 1625000 234000 265200 31200 2500000 507000 538200 31200
775000 42900 39000 -3900 1650000 241800 273000 31200 2525000 514800 546000 31200
800000 46800 44200 -2600 1675000 249600 280800 31200 2550000 522600 553800 31200
825000 50700 49400 -1300 1700000 257400 288600 31200 2575000 530400 561600 31200
850000 54600 54600 0 1725000 265200 296400 31200 2600000 538200 569400 31200
875000 58500 59800 1300 1750000 273000 304200 31200 2625000 546000 577200 31200
900000 62400 65000 2600 1775000 280800 312000 31200 2650000 553800 585000 31200
925000 66300 70200 3900 1800000 288600 319800 31200 2675000 561600 592800 31200
950000 70200 75400 5200 1825000 296400 327600 31200 2700000 569400 600600 31200
975000 74100 80600 6500 1850000 304200 335400 31200 2725000 577200 608400 31200
1000000 78000 85800 7800 1875000 312000 343200 31200 2750000 585000 616200 31200
1025000 83200 91000 7800 1900000 319800 351000 31200 2775000 592800 624000 31200
1050000 88400 96200 7800 1925000 327600 358800 31200 2800000 600600 631800 31200
1075000 93600 101400 7800 1950000 335400 366600 31200 2825000 608400 639600 31200
1100000 98800 106600 7800 1975000 343200 374400 31200 2850000 616200 647400 31200