- Gross salary
- ₹50,00,000
- Tax, new regime
- ₹10,99,800
- Tax, old regime (₹2 lakh deductions)
- ₹12,87,000
- Better choice
- New regime
- Monthly tax (new regime)
- ₹91,650
How it is worked out
New regime: ₹50 lakh minus the ₹75,000 standard deduction gives taxable income of ₹49,25,000. Slab tax is ₹10,57,500, and 4% cess adds ₹42,300.