- Gross salary
- ₹20,00,000
- Tax, new regime
- ₹1,92,400
- Tax, old regime (₹2 lakh deductions)
- ₹3,51,000
- Better choice
- New regime
- Monthly tax (new regime)
- ₹16,033
How it is worked out
New regime: ₹20 lakh minus the ₹75,000 standard deduction gives taxable income of ₹19,25,000. Slab tax is ₹1,85,000, and 4% cess adds ₹7,400.