Old vs New Tax Regime

1. Summary
	New Regime	Old Regime
Net Taxable Income (after Standard Deduction)
Total Tax
Tax on Net Income
Income Tax Rebate u/s 87
Tax After Rebate
Surcharge
Education Cess
Secondary and Higher Education Cess
Health & Education Cess
* Surcharge applicable when taxable income is Rs. 50L or above. * Standard Deduction of Rs. 50K applicable for New Tax Regime for FY 2023-24 for only salaried / pension employees.