Income Tax on ₹20.00 L Salary

Tax on a ₹20.00 L annual salary: New Regime ₹2.78 L vs Old Regime ₹3.67 L (with ₹1.5L deductions). See which regime saves more.

Quick answer

On an annual salary of ₹20.00 L, the New Tax Regime (with the ₹75,000 standard deduction) gives a tax liability of about ₹2.78 L including 4% cess. Under the Old Regime, assuming standard deduction plus ₹1.5 lakh of 80C investments, you'd pay roughly ₹3.67 L. Compare both live above.

05,00,00,000
05,00,000

Applied only to the Old Regime. New Regime ignores most deductions.

New Regime

₹2,78,200

Includes 4% cess. ₹75,000 standard deduction applied.

Old Regime

₹3,66,600

Includes 4% cess. ₹50,000 standard deduction + your deductions.

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