Which tax regime saves you more? Enter your income and deductions to find out instantly.
Old Regime Tax
₹86,840
Taxable: ₹8.55 L · With deductions
New Regime Tax
₹71,500
Taxable: ₹11.25 L · Lower slabs
Recommendation
New Regime Wins
You save ₹15,340 per year
Felix analyses your complete income and deductions to recommend the optimal tax regime.
Download Richify — It's FreeIt depends on your deductions. If your total deductions (80C + 80D + HRA + home loan interest) exceed ~₹3-4 lakh, the old regime often saves more tax. If you have few deductions, the new regime's lower slab rates and ₹75,000 standard deduction are advantageous.
Salaried employees can switch between old and new regime every financial year. Business/professional income earners can switch only once (from new to old or vice versa). File the choice via Form 10IE with your ITR.
Key deductions lost: Section 80C (₹1.5L), Section 80D (health insurance), HRA exemption, LTA, home loan interest (Section 24), professional tax, and most Chapter VI-A deductions. You still get ₹75,000 standard deduction and NPS employer contribution (80CCD(2)).
Yes. New regime FY 2024-25 rates: 0% up to ₹3L, 5% for ₹3-7L, 10% for ₹7-10L, 15% for ₹10-12L, 20% for ₹12-15L, 30% above ₹15L. Old regime: 0% up to ₹2.5L, 5% for ₹2.5-5L, 20% for ₹5-10L, 30% above ₹10L.