Tax Calculator: Old vs New Regime
The choice between Old and New regimes depends entirely on your deductions like HRA, 80C, and 80D. This calculator provides a side-by-side comparison to make the choice clear for you.
Rs.
Investment deductions (old regime)
Rs.
Rs.
Rs.
New Regime
₹1,30,000
Saves ₹72,800Old Regime
₹2,02,800
Comparison breakdown
Standard Deduction
New₹75,000
Old₹50,000
Taxable Income
New₹14,25,000
Old₹12,75,000
Effective Tax₹1,30,000
Tax saving insights
- You are currently using the New Regime. If you have high HRA or 80C/80D investments, you might save more in the Old Regime.
- Investing in NPS (Section 80CCD) can provide an additional Rs. 50,000 deduction in the Old Regime.
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Tax Rules for Tax Calculator: Old vs New Regime
The tool takes your income and potential deductions to find the break-even point where switching regimes becomes beneficial.
₹15 Lakh Income with ₹3L Deductions
With ₹3 Lakh in total deductions, the Old Regime might still be competitive compared to the New Regime's lower rates.
Indian Income Tax FAQs
Can I switch regimes every year?
Salaried individuals can switch every year, but those with business income can only switch once.