Key differences at a glance
The Old Regime allows deductions under 80C, 80D, HRA etc. The New Regime offers lower slab rates but no deductions.
More detailed content and worked examples will be added soon.
Who benefits from the New Regime?
Taxpayers with fewer deductions and income up to ₹15 LPA generally benefit more from the New Regime's lower rates.
More detailed content and worked examples will be added soon.
Worked example
For a gross salary of ₹12 LPA with standard 80C investments of ₹1.5L, the Old Regime saves ₹22,500 more in tax.
More detailed content and worked examples will be added soon.