Old vs New Tax Regime Calculator
See which tax regime actually saves you more, based on your real income and deductions.
80C and HRA exemptions only reduce tax under the old regime — the new regime doesn't allow most deductions but has lower rates and a higher standard deduction.
Saves you ₹1,17,000.00 per year
Simplified comparison — doesn't include every deduction (NPS, home loan interest, etc). Confirm with a CA for a decision that affects your filing.
Frequently asked questions
Which regime is better for me?
It depends on how much you claim in deductions. If your 80C, HRA, and other exemptions are large relative to your income, the old regime often wins; if you have few deductions, the new regime's lower rates usually win.
Can I switch between regimes every year?
Salaried individuals can choose either regime each financial year. Those with business or professional income have more restrictions on switching back once they've opted for a particular regime.
Is the new tax regime the default now?
Yes — the new tax regime is the default from FY 2023-24 onward. You have to actively opt for the old regime if you want to use it.