Step 3 of 3

Regime comparison

Both regimes produce the same tax. The new regime is simpler to comply with.

Recommended: new regime

Saving ₹0

Confidence 60%

Break-even deductions ₹0

• Your total deductions and exemptions under the old regime come to ₹0.
• To make the old regime worthwhile you would need roughly ₹0 of deductions — ₹0 more than you currently claim.
• The new regime gives a higher standard deduction (₹75,000 vs ₹50,000) and a full rebate up to ₹12,00,000 of total income.
• Effective tax rate: 0.00% under the new regime vs 0.00% under the other.

Old regime — full working

Gross salary (including perquisites & ESOP/RSU)₹0
Less: standard deductionu/s 16(ia)₹0
Less: professional taxu/s 16(iii)₹-2,400
Income from salary₹0
Gross total income₹0
Less: Chapter VI-A deductions₹0
Total taxable income₹0
Tax before rebate₹0
Less: rebate u/s 87Au/s 87A₹0
Total income ₹0 is within the ₹5,00,000 limit. Special-rate income (111A/112A) is excluded from the rebate.
Health & education cess @ 4%₹0
Total tax liability₹0
Less: TDS, advance tax & self-assessment tax₹0

Gross salary (including perquisites & ESOP/RSU)₹0
Less: standard deductionu/s 16(ia)₹0
Income from salary₹0
Gross total income₹0
Less: Chapter VI-A deductions₹0
Under section 115BAC most Chapter VI-A deductions are not available; 80CCD(2) is.
Total taxable income₹0
Tax before rebate₹0
Less: rebate u/s 87Au/s 87A₹0
Total income ₹0 is within the ₹12,00,000 limit. Special-rate income (111A/112A) is excluded from the rebate.
Health & education cess @ 4%₹0
Total tax liability₹0
Less: TDS, advance tax & self-assessment tax₹0