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New Tax Regime vs Old Regime Calculator

Pick the better Indian tax regime for you in one click.

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Frequently asked questions

Which regime is default now?
New regime is the default from FY 2023-24. To pick old regime, explicitly opt in via Form 10-IE (business income) or tell your employer (salaried).
When does old regime win?
When you have high deductions: maxing 80C (₹1.5L), 80D (₹25K+), HRA, home loan interest (₹2L), NPS (₹50K). Break-even total deduction is around ₹3–4 lakh.
Can I switch yearly?
Salaried: yes, every year. Business income: can opt out of new regime only once; switching back to new is restricted.
What's the 87A rebate limit?
Old regime: ₹12,500 (income ≤ ₹5L). New regime: ₹25,000 (income ≤ ₹7L). Effectively zero tax up to these limits.