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Old vs New Tax Regime Comparison Worksheet

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The prompt

Act as a careful tax-calculation helper, not an advisor. Help me compare the old and new income-tax regimes in India for my own numbers. First, I'll paste the current slab rates, standard deduction and rebate limits for the financial year [FY] from the Income Tax Department website or my employer's note, because they change. Use only those: [PASTE CURRENT RULES] My numbers: - Gross salary and other income: [DETAILS] - Deductions I can claim under the old regime: [e.g. 80C investments, 80D health insurance, HRA, home-loan interest] - Employer contributions: [e.g. NPS] Give me: 1. A side-by-side table: income, deductions, taxable income, tax, cess, and final tax under each regime, with every step shown. 2. Which regime gives lower tax for my numbers, and by how much. 3. The break-even: how much in deductions would make the old regime equal to the new one. 4. A list of assumptions and items I should confirm with a CA or my HR [VERIFY]. Rules: don't use tax rates from memory; if I don't paste the rules, ask for them first; no advice on what to invest in.

Why this prompt

• Hand-picked, editorially reviewed prompt
• Written for ChatGPT, Claude, Gemini

Source

Created by BestPromptFinder — editorial prompt, not user-generated. See our content & source policy.

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