Old vs New Tax Regime Calculator — Which Saves More Tax?
For ₹15 lakh salary: New regime tax is ~₹1.17 lakh. Old regime with full deductions (₹1.5L 80C + ₹50K NPS + ₹2L HRA) = ~₹1.04 lakh. Old regime wins if deductions exceed ₹3.75 lakh. Otherwise new regime is simpler.
Standard deduction of ₹75,000 already available under new regime
Income Tax
₹1,05,000
Health & Education Cess (4%)
₹4,200
Total Tax Payable
₹1,09,200
Effective Tax Rate
7.28%
New Regime Tax Slabs (FY 2025-26)
| Income Range | Tax Rate |
|---|---|
| ₹0 – ₹4L | Nil |
| ₹4L – ₹8L | 5% |
| ₹8L – ₹12L | 10% |
| ₹12L – ₹16L | 15% |
| ₹16L – ₹20L | 20% |
| ₹20L – ₹24L | 25% |
| Above ₹24L | 30% |
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Common questions about Old vs New Tax Regime Calculator — Which Saves More Tax?
When is old regime better than new regime?
Old regime is better if your total deductions (80C + 80D + HRA + NPS 80CCD(1B) + home loan interest 24b) exceed roughly ₹3.75 lakh. For most salaried people without home loan or high HRA, the new regime is simpler and often cheaper.