Computation of Old vs New tax regime I need

Dear Chartered persons,

Mrs Reena Jain total income is RS 850000 . now I wants to the tax computation calculation as per new tax regime under old tax regime please make an calculations


plse I need detail applicability tax calculation
Replies (10)
Quick Summary
This discussion breaks down the tax computation for Mrs. Reena Jain's total income of ₹8,50,000 for FY 2023-24, comparing the old and new tax regimes. It provides a detailed calculation for both, showing the tax liability under each system and highlighting the differences in tax amounts. The user expresses gratitude for the clear explanation.

Please mention financial year
@ honourable Rashmi Gandhi mam 2023 -24 ..
Nature of assesse is also important salaried or self employed
Resident
As per old it is 85800 & in new regime tax is Rs. 54600

@ honourable Rashmi Gandhi mam ,could you please show me a CALCULATION of this tax how they are calculating??? Plse mam

Pls upload details of salary / income component.
In old regime

upto 2.5 lakhs- Nil
next 2.5 lakhs-12500
next 3.5 lakhs-70000

Total 82 thousand 5 hundred + education cess 3,300= 85 thousand 8 hundred

In new regime

Upto 3 lakhs-0
Next 3 lakhs-15000
Next 2.5 lakhs-25000

Tax 40 thousand + education cess 1600 =41600

@ honourable Rashmi Gandhi mam ,Hearty thanks really usefull for me....thanks...plse always guide me

Welcome 🤗🤗

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