Tax Comparison

Old vs New Tax Regime Calculator

Compare your personal income tax liability between the Old and New Tax Regimes for Assessment Year 2025-26 (Financial Year 2024-25), incorporating the revised Budget 2024 tax slabs, enhanced standard deduction of ₹75,000, and all Chapter VI-A deductions.

Income & Deductions AY 2025-26

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Annual CTC or gross income before standard deduction.
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EPF, PPF, ELSS, Life Insurance, Home Loan Principal (Max ₹1.5L).
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Max deduction of ₹2,00,000 for self-occupied property.
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Comparison Summary

AY 2025-26
Tax Under New Regime (Default) ₹ 0
Tax Under Old Regime: ₹ 0
Net Tax Difference (Savings): ₹ 0
Optimal Choice: Evaluating...
Budget 2024 Key Changes: Standard deduction under the New Tax Regime is increased from ₹50,000 to ₹75,000. Slabs have been widened with 0% up to ₹3 Lakhs, 5% up to ₹7 Lakhs, 10% up to ₹10 Lakhs, 15% up to ₹12 Lakhs, 20% up to ₹15 Lakhs, and 30% above ₹15 Lakhs.

Old vs New Tax Regime: Key Differences

The Union Budget established the New Tax Regime under Section 115BAC as the default tax system for individual taxpayers. While the New Regime provides lower progressive tax slab rates and a higher rebate under Section 87A (making income up to ₹7,75,000 completely tax-free after the ₹75,000 standard deduction), it disallows popular deductions like Section 80C, 80D, and HRA.

Taxpayers who claim significant deductions exceeding approximately ₹3,75,000 to ₹4,00,000 (such as large home loan interest, high rent in metro cities, and family health policies) may still find the Old Tax Regime beneficial. Salaried employees can select their regime each financial year at the time of filing Form ITR-1 or ITR-2.

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