Compare Old vs. New Tax Regimes (India)
Choosing between the **Old** and **New** tax regimes can be complex. While the New Regime offers lower tax rates, the Old Regime allows for significant deductions like **80C, 80D, and HRA**. Use our comparison engine to find your optimal tax-saving strategy for the current financial year.
The Old Regime
Focuses on encouraging long-term savings. You can deduct:
- ✨ 80C: Up to ₹1.5L for LIC, PPF, ELSS.
- ✨ 80D: Health insurance premiums.
- ✨ HRA: House rent allowance exemptions.
- ✨ Standard Deduction: Flat ₹50k exemption.
The New Regime
Simplified structure with lower slabs. Key highlights:
- 🚀 Lower Slabs: 5%, 10%, 15% instead of 20%.
- 🚀 Section 87A: No tax for income up to ₹7L.
- 🚀 No Deductions: Most exemptions are waived.
- 🚀 Flexibility: Better for early-career professionals.
How to Use the Tax Engine
1. Gross Income
Enter your total annual CTC including bonuses and other sources of income.
2. Declarations
Provide your planned investments across various sections (80C, 80D, etc.).
3. Comparison
Review the side-by-side table to see exactly which regime keeps more money in your pocket.