Following is the example of computation of taxable income for an individual (below the age of 60 years) as per the APTR.

Tax computationINRINR
Base salary5,000,000 
Allowance2,000,000 
Taxable perquisites1,000,000 
Total salary and allowances (net of standard deduction of 75,000) 7,925,000
Income from house property500,000 
Short-term capital gain from immovable property2,000,000 
Long-term capital gain from immovable property500,000
 3,000,000
Total taxable income 10,925,000
Tax liability on income (other than long-term capital gains):  
Up to 300,0000 
300,001 to 700,000 (400,000 at 5%)20,000 
700,001 to 1,000,000 (300,000 at 10%)30,000 
1,000,001 to 1,200,000 (200,000 at 15%)304,000 
1,200,001 to 1,500,000 (300,000 at 20%)60,000
1,500,001 and above (8,925,000 at 30%)2,677,500
Subtotal tax2,817,500 
Add: 12.5% tax on long-term capital gains (500,000)62,500 
Total tax 2,880,000
Add: Surcharge (15% if income [other than long-term capital gains] is between INR 10 million and INR 20 million; and 15% on long-term capital gains)432,000
Add: Health and education cess at 4% (on tax and surcharge)132,480
Total tax liability 3,444,480
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