Tax Regime Comparison
Compare your tax liability under the Old and New Income Tax regimes for FY 2024-25 (AY 2025-26).
Total yearly income excluding deductions
Old Regime Deductions
Investment in PPF, ELSS, LIC, etc.
Health insurance premiums
HRA, LTA, Interest on Home Loan, etc.
Notice
New Regime standard deduction of ₹75,000 is automatically applied in calculations.
Did you know?
The New Regime is now the default tax regime in India since FY 2023-24. If you have high deductions (Home loan + 80C + Insurance), Old regime might still be better.
New Regime is cheaper!
You save ₹40,300 annually by choosing this regime.
Old RegimeWith Deductions
Includes 4% Health & Education Cess
New RegimeStandardised
Based on Union Budget 2024 slabs
Key Differences
• Old Regime: Higher tax rates but allows exemptions like HRA, LTA, 80C, 80D, and Home Loan interest.
• New Regime: Much lower tax rates but no exemptions allowed except Standard Deduction.
• Standard Deduction: Increased to ₹75,000 for New Regime (Budget 2024).
• Full Rebate: No tax up to ₹7,00,000 annual income in New Regime.