Your Income & Deductions
₹
₹3L₹50L
₹
₹0₹6L
Include 80C, 80D, HRA exemption, home loan interest, NPS 80CCD(1B), etc. The standard deduction (₹50K old / ₹75K new) is applied automatically.
Recommended Regime
—
You save ₹0 per year
New Regime
₹0
Taxable₹0
Std deduction₹75,000
Old Regime
₹0
Taxable₹0
Deductions₹0
Tax figures include 4% health & education cess and the Section 87A rebate (zero tax up to ₹12L taxable in new regime, ₹5L in old). Surcharge applies above ₹50L income.
New Regime — at a glance
- →Lower slab rates, zero tax up to ₹12L taxable income.
- →₹75,000 standard deduction for salaried.
- →Almost no other deductions (no 80C, HRA, home loan).
- →Best for those who don't invest heavily for tax saving.
Old Regime — at a glance
- →Higher slab rates but a long list of deductions.
- →Claim 80C, 80D, HRA, home loan interest, NPS and more.
- →₹50,000 standard deduction for salaried.
- →Best for those with high rent, loans or 80C investments.
Frequently Asked Questions
Common questions about choosing a tax regime
Which tax regime is better, new or old?
It depends on your deductions. The new regime has lower rates and zero tax up to ₹12L but almost no deductions; the old regime has higher rates but allows 80C, HRA, home loan interest and more. Large deductions favour the old regime; otherwise the new regime usually wins.
What is the break-even deduction?
As a rough guide, you typically need deductions of around ₹3.75–4.25 lakh for the old regime to beat the new regime at higher incomes. Below that, the new regime is usually cheaper.
Is the standard deduction available in the new regime?
Yes — ₹75,000 in the new regime and ₹50,000 in the old regime for salaried individuals. This calculator applies it automatically.
Can I switch regimes every year?
Salaried individuals without business income can choose afresh each year. Those with business income can switch back to the new regime only once after opting for the old regime.
Is the new regime the default?
Yes. The new regime is the default. To be taxed under the old regime you must explicitly opt for it while filing your return or declaring to your employer.
Does this match the official tax?
It uses the current slab rates, 87A rebate, surcharge and 4% cess and is accurate for standard salary scenarios. For capital gains, business income or complex cases, consult a CA or use incometax.gov.in.