Tax calculation parameters (Old regime)
Component Value
PF Employee Contribution 12% of basic
HRA Deduction Minimum(HRA, 40% of Basic, Rent paid - 10% of basic)
CESS 4% of income tax
Standard Deduction 50,000
Tax calculation parameters (New regime)
Component Value
PF Employee Contribution 12% of basic
HRA Deduction 0
CESS 4% of income tax
Standard Deduction 75,000
Tax Scheme Annual Income Taxable Income Tax On Salary CESS Total Tax PF Employee Contribution Total Deductions from Salary Professional Tax Monthly In Hand Annual In Hand Bonus Annual In Hand + Bonus