VS
New regime has lower slab rates but no Section 80C / 80D / HRA / home loan deductions. Old regime is better for high-deductions; new regime for minimal-deductions.
Pick Old Tax Regime when
You claim ₹1.5 lakh under Section 80C (PF, ELSS, LIC, PPF)
You pay home loan interest above ₹1 lakh
You receive HRA and pay rent
You have ₹50,000+ medical insurance under Section 80D
Pick New Tax Regime when
You have minimal deductions (just standard ₹50,000)
You don't pay rent / home loan
You're salaried with mostly fixed income
Your taxable income is below ₹7 lakh (full rebate)
Feature
Old Tax Regime
New Tax Regime
Slab rate up to ₹3 lakh
0%
0%
Slab rate ₹3-6 lakh
5%
5%
Slab rate ₹6-9 lakh
20%
10%
Slab rate ₹9-12 lakh
20%
15%
Slab rate ₹12-15 lakh
30%
20%
Slab rate above ₹15 lakh
30%
30%
Section 80C (₹1.5 lakh)
Available
Not available
Section 80D (medical insurance)
Available
Not available
HRA exemption
Available
Not available
Home loan interest (Sec 24)
₹2 lakh deduction
Not available (self-occupied)
Standard deduction
₹50,000
₹75,000
Rebate u/s 87A
₹12,500 (income ≤ ₹5 lakh)
₹25,000 (income ≤ ₹7 lakh)
NPS Section 80CCD(1B) extra
₹50,000 deduction
Not available
Compute tax under both. If your total Section 80C + 80D + HRA + Section 24 deductions exceed ~₹3 lakh, old regime usually wins. Below that, new regime wins. Our ITR-filing service computes both automatically.
Salaried individuals: yes, every year. Business / professionals (ITR-3 / 4): once you opt out of old to new, switching back is restricted (can switch only once back).
New regime is the default since FY 2023-24. To opt for old, file Form 10-IEA with your ITR.
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