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34 Lakh Salary Savings: How Much Will I Save in FY25-26?

Anil

Anil Rego  |388 Answers  |Ask -

Financial Planner - Answered on Feb 20, 2025

Anil Rego is the founder of Right Horizons, a financial and wealth management firm. He has 20 years of experience in the field of personal finance.
He’s an expert in income tax and wealth management.
He has completed his CFA/MBA from the ICFAI Business School.... more
Shatrughna Question by Shatrughna on Feb 01, 2025Hindi
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My gross salary is Rs. 34 lakhs P.A. under new tax regime, what amount will be saved for FY25-26 after standard deductions.

Ans: As per Previous new regime your income tax payable after standard deduction of Rs.75000 would have been Rs. 6,87,500. However, as per the revised new regime announced on Feb 1, 2025, your tax payable shall be Rs. 5,77,500(Before applicable cess). Therefore, your Net Savings shall be Rs. 1,10,000.
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