Whats Your Options New Tax Or Old Tax ???

Whats Your Options New Tax Or Old Tax ???
Whats Your Options New Tax Or Old Tax ???

WHATS YOUR OPTIONS NEW TAX OR OLD TAX ???

Tax Slab

Old Tax Rate%

New Tax Rate%

Old Tax payable

New Tax Payable

Rs.0/-           to

                     Rs.2,50,000/-

0%

0%

Rs.0/-

Rs.0/-

Rs.2,50,001/- to

                    Rs. 5,00,000/-

5%

5%

Rs.0/-

Rs.12,500/-

Rs. 5,00,001/- to

                    Rs. 7,50,000/-

20%

10%

Rs.50,000/-

Rs.25,000/-

Rs. 7,50,001/- to  

                  Rs. 10,00,000/-

20%

15%

Rs.50,000/-

Rs.37,500/-

Rs. 10,00,001/- to

                  Rs. 12,50,000/-

30%

20%

Rs.75,000/-

Rs.50,000/-

Rs. 12,50,001/- to

                 Rs. 15,00,000/-

30%

25%

Rs.75,000/-

Rs.62,500/-

Rs. 15,00,001/- to

                      above…

30%

30%

Rs.63,000/-

Rs.1,50,000/-

Total Tax to be paid

Rs.3,13,500/-

Rs.3,37,500/-

Some Important Points

·        The Individual Choose New Tax Scheme then He/She will not avail any saving(i.e. LIC, PLI, NPS Etc.) &  you must tax pay Rs.12,500/- with other deductions.

·         The Old Tax Scheme, the individual avail all the deductions.

·         As optionally You can choose New Tax Scheme your income Over the 15 Lac to Above for further instructions, (Upto 10 Lac You can choose New Tax Scheme but depend upon your Saving Particulars either you choose Old Tax Scheme).

·         The Above information collected from new Tax Saving Books, its may be changed on or further so contact your office time to time.


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