- Gross salary
- ₹18,00,000
- Tax, new regime
- ₹1,50,800
- Tax, old regime (₹2 lakh deductions)
- ₹2,88,600
- Better choice
- New regime
- Monthly tax (new regime)
- ₹12,567
How it is worked out
New regime: ₹18 lakh minus the ₹75,000 standard deduction gives taxable income of ₹17,25,000. Slab tax is ₹1,45,000, and 4% cess adds ₹5,800.