Tax Comparison Results
Recommendation
Based on your inputs, the Old Tax Regime is more beneficial for you.
Tax Slabs Comparison
Old Tax Regime
| Income Range | Tax Rate |
|---|---|
| Up to ₹2.5L | Nil |
| ₹2.5L - ₹5L | 5% |
| ₹5L - ₹10L | 20% |
| Above ₹10L | 30% |
New Tax Regime
| Income Range | Tax Rate |
|---|---|
| Up to ₹3L | Nil |
| ₹3L - ₹6L | 5% |
| ₹6L - ₹9L | 10% |
| ₹9L - ₹12L | 15% |
| ₹12L - ₹15L | 20% |
| Above ₹15L | 30% |
Understanding Tax Regimes
Old Tax Regime
• Higher tax rates but with deductions
• Section 80C, 80D, 80E, 80G benefits
• HRA exemption available
• Standard deduction of ₹50,000
• Better for taxpayers with high deductions
New Tax Regime
• Lower tax rates but no deductions
• No Section 80C, 80D, 80E, 80G benefits
• No HRA exemption
• Standard deduction not applicable
• Better for taxpayers with low deductions
Key Differences
• Choose the regime that saves more tax
• Consider your investment habits
• Factor in future income growth
• Review annually for optimal benefits
• Consult a tax advisor for complex cases