Income Details
Enter your salary and choose a regime.
Includes 4% Health & Education Cess
Old vs New Tax Regime: Which is Better?
The Union Budget made the New Tax Regime the default choice for all taxpayers. However, you can still choose the Old Tax Regime if it benefits you more due to specific deductions like HRA, Section 80C (LIC, ELSS, PPF), and home loan interest.
New Regime is better if:
You have low or no investments. Taxable income up to Rs. 12 lakhs is currently eligible for rebate under this regime, and salaried taxpayers can also claim the Rs. 75,000 standard deduction.
Old Regime is better if:
You claim hefty deductions like HRA (House Rent Allowance), ₹1.5 Lakhs under 80C, and ₹2 Lakhs interest on Home Loans. Income up to ₹5 lakhs is tax-free here.
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