Compare Tax Regimes
Enter your details to see which tax regime saves you more money
Old vs. New: Which Tax Regime is Better?
For the Financial Year 2024-25, the New Tax Regime is the default option. However, you can still choose to file your taxes under the Old Tax Regime if it saves you more money.
Our calculator helps you make this decision. Simply enter your income and your most common deductions.
💡 Pro Tip: Use our calculator to compare both regimes instantly and see exact tax savings.
Key Differences
New Regime
Offers lower tax rates but allows almost no deductions. Only the Standard Deduction of ₹50,000 is available.
Old Regime
Has higher tax rates but allows you to claim many deductions, including Section 80C (up to ₹1.5L), Section 80D (health insurance), and Home Loan Interest (up to ₹2L).
Who Should Choose Which Regime?
Choose the NEW Regime if:
You have low or no investments and deductions. The simple, lower-rate structure will almost always be more beneficial.
Choose the OLD Regime if:
You have significant deductions from sources like a home loan, 80C investments (PPF, ELSS), and high health insurance premiums.