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My CTC is 17.40 LPA - How Much Income Tax Will I Pay?

Vipul Bhavsar |144 Answers |Ask -Follow

Tax Expert - Answered on Apr 04, 2025

Vipul Bhavsar is a chartered accountant from The Institute of Chartered Accountants of India. He has over 16 years of experience in corporate advisory, taxation and financial reporting.
His interest areas are consulting, income tax, GST and due diligence.
He founded his CA firm, V J Bhavsar and Associates, in 2010 through which he offers services like virtual CFO, trademark registrations, company /LLP formation, MIS reporting, audit, tax and TDS compliances, accounts receivable/payable management and payroll processing.... more

Asked by Anonymous - Mar 03, 2025Hindi

Money

My CTC is 17.40 LPA then how much income Tax will be deducted as per New tax regime. Please Explain as per Tax Slab.

Ans: 138320 for FY 2025-26

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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Question by Nitin - Feb 01, 2023Hindi

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Hi My CTC is 15 lakh how much tax benefit I get from new tax slab

Ans: The tax you save would depend on the deductions that you make (the old regime will lower taxable income for permissible deductions and thus have a lower tax to that extent). Most of these deductions are not available in the new tax regime.
If you claim no deductions other than standard deduction, the tax saving comes to about Rs 1 lakh under the new regime. If you claim Sec 80C and NPS, then new regime would be better by Rs 39,000

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Asked by Anonymous - Feb 01, 2025

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Hi Mihir, What would be tax calculation under new tax regime...CTC 21.5 lacs...taxable income showing to be 18.2 lacs...how much would be monthly reduction in tax. Thanks

Ans: Considering taxable income of 18.2 lacs, under new tax regime gross tax liability will be Rs.1,70,560.

You can calculate tax liability, using advance income tax calculator available at following link:

https://eportal.incometax.gov.in/iec/foservices/#/TaxCalc/calculator

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Asked by Anonymous - Feb 18, 2025Hindi

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My Salary is around 17 lakh and i opted for New Tax Regime. How much tax i have to pay

Ans: Around Rs.161000 for FY 2024-25
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33500 rank chennai vit which category is possible.

Ans: HI
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Based on the rank in VITEEE, you have solid chances for admission to the VIT Chennai campus, likely in Categories 3-5. At the Chennai campus, the possibilities exist for CSE Core or CSE specializations (AI & ML, Data Science, Cyber Security) in Categories 4-5. There are higher chances for ECE/ECSE in Categories 3-4, with good opportunities for Mechanical and Civil branches in Categories 2-3, though CSE Core may be challenging to secure. Act promptly to grab the opportunity for a seat at VIT Chennai campus and proceed further.

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iiit naya raipur in my crl 134666 and 45236 obc ncl jee main rank in chhattisgarh state councilling and nit raipur or iiit naya raipur me koun sa bwst hoga mere liye aur kon sa milne ke change hai

Ans: HI ANNU,
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Based on your rank and domicile, you have a chance to secure a seat in multiple branches at NIT Raipur, especially in special rounds like CSAB. The branches include Mechanical, Civil, Chemical, Mining, Metallurgical & Materials, and Biotechnology. High chances are present in Mining, Metallurgical, Civil, and Biotechnology.

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Mere vit mai rank 48000 hai .sir bhopal cse AIML mil sakta hai

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With respect to your VITEEE rank and the expectation of a Category 1 seat, securing CSE AIML at VIT Bhopal in Category 1 is unlikely. However, you have a very strong chance for Categories 2 or 3 at VIT Bhopal for CSE specializations. The same program can be secured at VIT AP in Categories 1-2. Discuss with your PARENTS and decide accordingly as soon as possible.

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Sir mere rank 59998 hai mujhe koi nit mil sakte hai cs me

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It may be somewhat difficult to secure a seat in top-tier NITs for CSE with your category rank, but you have a strong chance for CSE in new or lower-tier NITs and good chances for lower branches at top NITs, especially with home state quota.
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Sir my daughter 35000 rank in vit. Which branch select to this rank

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With respect to your daughter's rank in VITEEE, she has good chances for ECE/EEE/Mechanical branches at VIT Chennai/Vellore, and CSE specializations at VIT AP/Bhopal in Categories 3-5 seats. However, securing a seat for CSE in Vellore is unlikely. You have solid chances for core branches at Chennai or top specializations at newer campuses. Actively participate in the counseling process to identify the best option based on the above information, and proceed accordingly.
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Sir My daughter got 35000 rank in vit 2026. Which branch select this rank

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Sir my son got 76593 rank in VIT. Is there any chance of getting CS in category 2 or 3 of bhopal campus

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It is somewhat difficult to secure a seat in Bhopal for CSE in Category 2. However, your son has good chances for Categories 3 or 4 for CSE specializations (AI & ML, Data Science) or Category 2 in lower-demand branches (ECE). Achieving a seat in CSE Core in Category 5 may be challenging, but not impossible. Based on your son's preferences, block a seat and proceed further.

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In viteee my sins rank is 53000 Can he get category 5 admission and in which branch

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Based on your son's rank in VITEEE and his request for Category 5, there are strong chances for CSE specialized branches at VIT Chennai, along with a broad selection of core engineering branches (Mechanical, Civil, ECE) at VIT Vellore and Chennai. Occasionally, EIE may also be possible at the Vellore campus in the same category. At Bhopal/AP, you can secure CSE Core and specializations in Category 5. The choice is yours, so actively fill out applications and participate in the counseling process to achieve your sin's target.

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I have got 36834 rank in viteee what all can I get in vit vellore category 4 or 5

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With respect to your rank in VITEEE, securing a seat in VIT Vellore is possible, but likely only in Category 4 or 5 for core branches (ECE/EEE/Mechanical/Civil/Production) in these higher categories. CSE with specializations is possible in Category 5, though it is highly competitive. Whichever course you want to pursue, when opportunity knocks, kindly grab it and proceed.

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With reference to your rank and category, there are high possibilities for securing a seat in Category 4 or 5 for CSE and its specializations at VIT Chennai. For ECE, it falls into Category 3 and Category 5 in VIT Vellore. However, securing a seat for CSE Core is not possible. Based on the above information, whichever course you wish to pursue, grab the better opportunity and proceed further.

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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