- Gross salary
- ₹15,00,000
- Tax, new regime
- ₹97,500
- Tax, old regime (₹2 lakh deductions)
- ₹1,95,000
- Better choice
- New regime
- Monthly tax (new regime)
- ₹8,125
How it is worked out
New regime: ₹15 lakh minus the ₹75,000 standard deduction gives taxable income of ₹14,25,000. Slab tax is ₹93,750, and 4% cess adds ₹3,750.