Income Tax Comparator (Old vs New Regime)
Side-by-side tax liability modeling comparing the revised New Tax Regime (Section 115BAC) and Old Tax Regime under Indian statutory provisions.
Complex Tax Query?
Connect with our partners for bespoke corporate tax planning, transfer pricing, and statutory audit representation.
New Tax Regime (Section 115BAC) is more beneficial
Based on gross income of ₹15,50,000 with standard deduction of ₹75,000 (New) / ₹50,000 (Old).
Income & Deduction Inputs
Tax Regime Comparison (Side-by-Side)
| Tax Component | New Regime (115BAC) | Old Regime |
|---|---|---|
| Gross Total Income | ₹15,50,000 | ₹15,50,000 |
| Standard Deduction | -₹75,000 | -₹50,000 |
| Chapter VI-A / Other Deductions | Not Applicable | -₹2,25,000 |
| Net Taxable Income | ₹14,75,000 | ₹12,75,000 |
| Calculated Base Tax | ₹1,01,250 | ₹1,95,000 |
| Health & Education Cess (4%) | ₹4,050 | ₹7,800 |
| Total Tax Payable | ₹1,05,300Recommended | ₹2,02,800 |
| Effective Tax Rate | 6.79% | 13.08% |
Statutory Disclaimer: This computation is generated for illustrative, analytical, and estimation purposes under the relevant provisions of the Income Tax Act, 1961, Finance Acts, CGST Act, 2017, and Payment of Gratuity Act, 1972. It does not constitute a formal statutory audit certification or professional tax opinion under ICAI guidelines. Please consult a qualified Chartered Accountant at NEXSAS Consultants (advisory@nexsas.in / +91 73064 35592) before finalizing statutory filings or making binding financial commitments.