Compare Old vs New Tax Regime — with 87A rebate, surcharge, cess & all deductions. CA-verified formulas.
Deductions below only apply to the Old Regime. New Regime allows only Standard Deduction of ₹75,000.
| Item | Old Regime | New Regime |
|---|---|---|
| Gross Income | ₹0 | ₹0 |
| Standard Deduction | ₹75,000 | ₹75,000 |
| Chapter VI-A Deductions | ₹0 | — |
| Taxable Income | ₹0 | ₹0 |
| Income Tax | ₹0 | ₹0 |
| Rebate u/s 87A | ₹0 | ₹0 |
| Surcharge | ₹0 | ₹0 |
| Health & Education Cess (4%) | ₹0 | ₹0 |
| Total Tax Payable | ₹0 | ₹0 |
| Effective Tax Rate | 0% | 0% |
It depends on your deductions. If your total 80C + 80D + HRA + other deductions exceed ₹3.75 lakh (for income =?15L), Old Regime may save more. The calculator compares both and recommends the best option.
Under the New Regime: Full rebate up to ₹60,000 if taxable income = ₹12,00,000. Under the Old Regime: Full rebate up to ₹12,500 if taxable income = ₹5,00,000.
Nil up to ₹4L, 5% (₹4L-8L), 10% (₹8L-12L), 15% (₹12L-16L), 20% (₹16L-20L), 25% (₹20L-24L), 30% above ₹24L. Standard deduction of ₹75,000 also applies.
Yes. Surcharge is 10% for income between ₹50L-1Cr, 15% (₹1Cr-2Cr), 25% (₹2Cr-5Cr), 37% above ₹5Cr (Old Regime) / 25% (New Regime cap).
Yes. Health & Education Cess of 4% is applied on (Income Tax + Surcharge) in both regimes, as per current law.