Should I choose the old or the new tax regime?

Name: Vijay R Singh & Co.
Address: Office No. 4, Vishal CHSL, D Wing, Sir Mathuradas Vasanji Road, Azad Nagar, Opp. Andheri Gymkhana, Andheri East, Maharashtra, 400069, IN
Telephone: +91 98607 23959

CA Vijay R Singh, FCA
Chartered Accountant · ICAI M.No. 153926 · FRN 136869W

Short answerIt depends on your deductions. The new regime has lower slab rates but removes most deductions; the old regime keeps 80C, 80D, HRA and home-loan interest. If you claim large deductions, the old regime can still win; if you don’t, the new regime usually means less tax. The new regime is now the default.

Pick the old regime if…

You claim a home-loan interest deduction, max out 80C/80D, and get meaningful HRA — the deductions can outweigh the lower new-regime rates.

Pick the new regime if…

You have few deductions. Run both with our income tax calculator — it’s the only reliable way to compare for your numbers. Confirm current slabs/limits.

NRI Taxation

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This answer is general information for NRIs, not tax advice. Tax rates, thresholds and forms change with each Finance Act — please confirm the current position for your own facts, or speak to us, before acting.