Old vs New Regime Calculator (FY 2024-25)
Basic Salary (50% of CTC): ₹0 / year (₹0 / month)
Old Regime Deductions
Yearly: ₹0
HRA is automatically calculated as 40% of basic salary
Recommendation
Based on your inputs:
Old Regime is better for youSave ₹0 yearly
The Old Regime provides better tax savings with your current deductions.
Old Regime
Standard Deduction:₹50,000
Section 80C:₹0
NPS 80CCD(1B):₹0
Employer NPS 80CCD(2):₹0
Mediclaim 80D:₹0
Donations 80G:₹0
Home Loan Interest 80EEA:₹0
Education Loan Interest 80E:₹0
HRA Exemption:₹0
PF:₹0
EPF:₹0
Gratuity:₹0
Professional Tax:₹2,400
Total Tax:₹0
Take Home (Monthly):₹0
New Regime
Standard Deduction:₹75,000
Employer NPS 80CCD(2):₹0
Other Deductions:Not Applicable
Total Tax:₹0
Take Home (Monthly):₹0
Tax Comparison
Old Regime Tax:
₹0 / year
₹0 / month
New Regime Tax:
₹0 / year
₹0 / month
Old Regime Take Home:
₹0 / year
₹0 / month
New Regime Take Home:
₹0 / year
₹0 / month
Difference:
₹0 / year
₹0 / month
Understanding Tax Regime Selection
When to Choose Old Regime?
The old tax regime is generally beneficial only when you have significant deductions and exemptions. Key factors that make old regime more advantageous:
- High rent payments in metro cities (for HRA benefit)
- Maximum utilization of Section 80C (₹1.5L through EPF, ELSS, etc.)
- Substantial donations under Section 80G
- Home loan interest deductions
- High medical insurance premiums
- NPS contributions (both personal and employer)
Without significant deductions, the new tax regime often results in lower tax liability due to reduced tax rates and higher basic exemption limit.
Regime Comparison by Income Level
| Annual CTC | Recommended Regime | Min. Deductions for Old Regime* | Key Considerations |
|---|---|---|---|
| ₹7L | New Regime | Not Applicable | Tax-free under new regime (with rebate) |
| ₹10L | New Regime | ₹3.2L+ | Old regime beneficial only with high HRA + 80C + 80D |
| ₹15L | New Regime | ₹4L+ | Need maximum 80C + high rent + additional deductions |
| ₹20L | Depends | ₹5L+ | Old regime if using home loan + max deductions |
| ₹25L | Depends | ₹6L+ | Consider employer NPS + all available deductions |
| ₹30L | Old Regime | ₹7L+ | Old regime better with standard deductions |
| ₹50L | Old Regime | ₹10L+ | Maximize all deductions + NPS |
| ₹75L | Old Regime | ₹15L+ | Use all available deductions + investments |
| ₹95L | Old Regime | ₹18L+ | Maximize all deductions + tax-saving investments |
* Minimum deductions required for old regime to be more beneficial than new regime. This includes standard deduction, Section 80C, HRA, NPS, and other available deductions combined.
Key Takeaways
- For income up to ₹7L, new regime is always better due to tax rebate
- Middle income (₹7L-₹25L): New regime generally better unless you have very high deductions
- High income (>₹30L): Old regime becomes more beneficial with proper tax planning
- Consider switching to new regime if you don't have enough deductions
- Factor in future salary increases when choosing a regime