Old vs New Tax Regime Comparison

Calculate your income tax under both regimes and find which one saves you more. Enter your income and deductions below.

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Annual Gross Income (Rs.)

Age Group

Old Regime Deductions

Section 80C (PPF, ELSS, EPF, LIC)

Section 80D (Health Insurance)

HRA Exemption

Section 24(b) Home Loan Interest

Section 80CCD(1B) NPS

Other Deductions

Tax Comparison Results

Understanding Old vs New Tax Regime

The Income Tax Act offers two tax regimes. The new regime (default since Budget 2023) has lower slab rates but allows very few deductions. The old regime has higher rates but lets you claim deductions under 80C, 80D, 24(b), HRA, and more.

When New Regime is Better

Your total deductions are less than Rs. 3.75 lakh
You don't have a home loan or significant HRA
You want simplicity without investment proofs
Your income is below Rs. 7.5 lakh (zero tax under new regime)

When Old Regime is Better

You maximize 80C (Rs. 1.5 lakh) + 80D + NPS (Rs. 50K)
You have significant HRA exemption (living in metro, renting)
You have a home loan with Rs. 2 lakh interest deduction
Your total deductions exceed Rs. 3.75 lakh