Section 115BAC-‘Tax Computation’ under New vs Old Tax Regime

Home   /   Section 115BAC-‘Tax Computation’ under New vs Old Tax Regime

(A) If an ‘Individual or HUF’ has Not Opted for New Tax Regime of Section 115BAC

Taxable Income(Resident Individual)(Resident Individual)(Resident Senior Citizen)(Resident Senior Citizen)(Resident Super Senior Citizen)(Resident Super Senior Citizen)
 Tax PayableTax PayableTax PayableTax PayableTax PayableTax Payable
 A.Y. 2021-22A.Y. 2020-21A.Y. 2021-22A.Y. 2020-21A.Y. 2021-22A.Y. 2020-21
2,50,000
3,00,000
3,50,000
4,00,000
4,50,000
5,00,000
7,50,00065,00065,00062,40062,40052,00052,000
10,00,0001,17,0001,17,0001,14,4001,14,4001,04,0001,04,000
15,00,0002,73,0002,73,0002,70,4002,70,4002,60,0002,60,000
20,00,0004,29,0004,29,0004,26,4004,26,4004,16,0004,16,000
30,00,0007,41,0007,41,0007,38,4007,38,4007,28,0007,28,000
50,00,00013,65,00013,65,00013,62,40013,62,40013,52,00013,52,000
1,00,00,00032,17,50032,17,50032,14,64032,14,64032,03,20032,03,200
2,00,00,00069,51,75069,51,75069,48,76069,48,76069,36,80069,36,800
5,00,00,0001,92,56,2501,92,56,2501,92,53,0001,92,53,0001,92,40,0001,92,40,000
7,00,00,0002,96,53,6502,96,53,6502,96,50,0882,96,50,0882,96,35,8402,96,35,840

(B) If an ‘Individual or HUF’ has Opted for New Tax Regime of Section 115BAC

Taxable IncomeTax under New Tax Regime of Sec. 115BAC
2,50,000
3,00,000
3,50,000
4,00,000
4,50,000
5,00,000
7,50,00039,000
10,00,00078,000
15,00,0001,95,000
20,00,0003,51,000
30,00,0006,63,000
50,00,00012,87,000
1,00,00,00031,31,700
2,00,00,00068,62,050
5,00,00,0001,91,58,750
7,00,00,0002,95,46,790

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