Tax Optimisation Planner

It depends on how many deductions you claim. The new regime has lower slab rates and a ₹75,000 standard deduction, but it drops almost every other deduction. The old regime keeps deductions like 80C, 80D, and home loan interest, but its slabs are steeper. If you invest heavily in tax-saving instruments, the old regime often wins. If you don't, the new regime usually does. This planner runs both for you so you don't have to guess.

Under the new regime, income up to ₹12L pays no tax once the Section 87A rebate kicks in. You also get a flat ₹75,000 standard deduction. What you give up is most other deductions. No 80C, no 80D, no NPS 80CCD(1B), no home loan interest on a self-occupied property. The trade is simpler filing and lower rates in exchange for losing those breaks.

The big ones are 80C up to ₹1.5L (ELSS, PPF, EPF, life insurance), 80D for health insurance premiums, NPS 80CCD(1B) up to ₹50,000 on top of 80C, and home loan interest up to ₹2L on a self-occupied home. The old regime also gives a ₹50,000 standard deduction. Stack enough of these and the old regime can beat the new one.

If you're salaried with no business income, yes. You can pick whichever regime suits you each year when you file. So your choice this year doesn't lock you in. Run the numbers again next year, especially if your income or deductions change.