This study has assessed total soil organic carbon (TOC) fractions, carbon management index (CMI), and carbon sequestration economic value under diverse land use systems (LUSs) of sub-humid Southern plains of Rajasthan, India. The study dealt with six LUSs: barren land (BL), agricultural land (AL), agri-horticulture (AH), horticultural land (HL), grassland (GL), and natural forest land (FL) were selected for the study. FL contained the highest TOC (13.04 ± 0.74gkg-1), particulate organic carbon (POC) (2.2 ± 0.19gkg-1), mineral-associated organic carbon (MAC) (10.84 ± 0.54gkg-1), and CMI (230.36 ± 4.13), whereas BL had the lowest amount of TOC (3.53 ± 0.4gkg-1), POC (0.47 ± 0.06gkg-1), MAC (3.06 ± 0.32gkg-1), and CMI (54.60 ± 4.2). The impact of LUSs on soil carbon lability index (LI) was minimal in all LUSs except FL exhibited statistically insignificant variations in LI. TOC stock showed the highest decline in BL (71.04%), AL (55.29%), AH (44.38%), and HL (25.92%) uses compared with the FL system. Different LUSs result in varying amounts of carbon stocks, representing the relative carbon credit gain. The maximum carbon credit was achieved by FL, which was roughly US $49,303 and 245% higher than BL. These results indicate the reinstatement of BL and AL towards HL and AH systems, and effective recycling of residues could improve the TOC storage in the study region.