Old Regime Tax

₹1.04 L

New Regime Tax

₹1.30 L

Savings

₹26,000

Better: Old Regime
Tax Comparison
Old Regime Slabs
SlabRateTax
₹0.0L - ₹3.0L0%₹0
₹3.0L - ₹6.0L5%₹15,000
₹6.0L - ₹9.0L10%₹30,000
₹9.0L - ₹12.0L15%₹45,000
₹12.0L - ₹15.0L20%₹10,000
Total₹1,04,000
New Regime Slabs
SlabRateTax
₹0.0L - ₹3.0L0%₹0
₹3.0L - ₹7.0L5%₹20,000
₹7.0L - ₹10.0L10%₹30,000
₹10.0L - ₹12.0L15%₹30,000
₹12.0L - ₹15.0L20%₹45,000
Total₹1,30,000
The New Regime (default from FY 2023-24) offers lower tax rates but requires you to give up most deductions. The Old Regime allows deductions like 80C, 80D, HRA, etc. but has higher slab rates. This calculator shows which regime is better for your income level.