Hey @Vijay_Sharma,
Based on the income situation mentioned above, you will not be eligible for a rebate u/s 87A as the taxable income exceeds ₹7L. Hence, the tax liability will be ₹40,890.
However, as your income exceeds by only ₹12,137 over ₹7L, marginal relief will be allowed under the new tax regime. Hence, the new tax liability will be ₹25,317 + 4%cess.
Here’s a detailed read on marginal relief.
I’ve also passed the feedback to my team for including marginal relief in the calculation.