- Gross salary
- ₹24,00,000
- Tax, new regime
- ₹2,92,500
- Tax, old regime (₹2 lakh deductions)
- ₹4,75,800
- Better choice
- New regime
- Monthly tax (new regime)
- ₹24,375
How it is worked out
New regime: ₹24 lakh minus the ₹75,000 standard deduction gives taxable income of ₹23,25,000. Slab tax is ₹2,81,250, and 4% cess adds ₹11,250.