Old vs New Tax Regime Comparison
Detailed side-by-side comparison of tax deductions and net tax liability between the Old and New Tax Regimes to determine maximum tax savings.
Adjust Inputs
Real-Time UpdateMax eligible: ₹1,50,000 (Applicable in Old Regime only)
Applicable in Old Regime only
Self-occupied max ₹2,00,000 (Old Regime)
Effective Tax Rate: 5.96%
Effective Tax Rate: 9.32%
New Regime offers lower tax liability with higher standard deduction.
Visual Breakdown
Interactive GraphicComprehensive Side-by-Side Comparison
| Tax Metric | New Tax Regime | Old Tax Regime |
|---|---|---|
| Gross Annual Income | ₹12,00,000 | ₹12,00,000 |
| Standard Deduction | ₹75,000 | ₹50,000 |
| Eligible Chapter VI-A Deductions | Nil (Except employer NPS 80CCD(2)) | ₹1,75,000 |
| Net Taxable Income | ₹11,25,000 | ₹9,75,000 |
| Tax Calculated before Rebate | ₹68,750 | ₹1,07,500 |
| Section 87A Tax Rebate | ₹0 | ₹0 |
| Health & Education Cess (4%) | ₹2,750 | ₹4,300 |
| Total Net Tax Payable | ₹71,500 | ₹1,11,800 |
Detailed Breakdown & Amortization Schedule
Showing 5 of 5 periods
| New Regime Income Slab | Tax Rate | Income Taxed in Slab | Tax Amount |
|---|---|---|---|
| ₹0 to ₹3,00,000 | 0% | ₹3,00,000 | ₹0 |
| ₹3,00,001 to ₹7,00,000 | 5% | ₹4,00,000 | ₹20,000 |
| ₹7,00,001 to ₹10,00,000 | 10% | ₹3,00,000 | ₹30,000 |
| ₹10,00,001 to ₹12,00,000 | 15% | ₹1,25,000 | ₹18,750 |
| ₹12,00,001 to ₹15,00,000 | 20% | ₹0 | ₹0 |
- Assumes resident individual taxpayer under 60 years of age.
- Health and education cess is levied at 4% on tax liability plus surcharge.
- Updated for FY 2024-25 (AY 2025-26) with the revised ₹75,000 standard deduction under Finance (No. 2) Act 2024.
- Under the New Regime, income up to ₹7,75,000 for salaried employees is 100% tax-free thanks to the ₹75,000 standard deduction and Section 87A rebate.
- Marginal relief under Section 87A is automatically calculated if your income marginally exceeds ₹7,00,000.
Need assistance with Income Tax Return (ITR)?
AIS reconciliation, capital gains optimization & certified CA e-filing for AY 2026-27.
Understanding the Old vs New Tax Regime Comparison
This calculator provides real-time, mathematically verified computations for Indian tax payers, investors, and businesses. All algorithms are calibrated to Indian statutory standards including the Income Tax Act 1961, CGST Act 2017, and standard banking annuity models.
How It Works
- Enter your baseline financial values using the input fields or interactive sliders.
- Observe instant changes in the summary metrics and visual breakdown charts without page reloads.
- Review the year-by-year or month-by-month amortization schedule for long-term clarity.
- Export your results via CSV or print a clean summary for your tax consultant or accountant.
CBDT Circular & Finance Act 2024
Related Calculators
HRA Exemption Calculator
Compute your House Rent Allowance (HRA) tax exemption under Section 10(13A) of the Income Tax Act based on salary, actual rent paid, and metro/non-metro rules.
Advance Tax & Interest Calculator
Estimate your advance tax installment liability and potential interest penalties under Section 234B and 234C for delayed tax payments.
Income Tax Calculator (FY 2024-25 & FY 2025-26)
Calculate your Indian income tax liability under both the Old and New Tax Regimes with Section 87A rebate, standard deduction, and 4% health & education cess.