← All calculators/Salary and tax
Old or new regime compared.
The new regime has lower rates and almost no deductions. The old one has higher rates and lets you claim. Which wins depends entirely on how much you actually claim.
What I would claim
PF, ELSS, life insurance, PPF, home loan principal, tuition fees. Capped at ₹1,50,000 however much you put in.
₹25,000 for you and your family, another ₹50,000 if you pay for parents over 60.
Not your whole HRA. It is the lowest of the three HRA rules, and it is zero if you do not pay rent.
Up to ₹50,000, on top of 80C.
Section 24(b), capped at ₹2,00,000 on a home you live in.
The one deduction both regimes allow, so it comes off either way. Only counts if your employer actually pays into NPS for you.
Slabs for tax year 2026-27 (April 2026 to March 2027), last checked 10 Oct 2026. For someone under 60, on salary income.
The answer
The new regime.
It saves you ₹1,05,300 a year. You are claiming ₹1,75,000; the old regime only catches up at about ₹5,45,000.
New regime
Better₹97,500
- Taxable income
- ₹14,25,000
- Deductions allowed
- ₹0
- Rebate
- ₹0
Old regime
₹2,02,800
- Taxable income
- ₹12,75,000
- Deductions allowed
- ₹1,75,000
- Rebate
- ₹0
How it adds up
- Salary₹15,00,000
- minusStandard deduction, employer NPS₹75,000
- equalsTaxable income₹14,25,000
- thenTax from the slabs₹93,750
- minusRebate and relief₹0
- plusSurcharge and 4% cess₹3,750
- equalsTax, new regime₹97,500
What this assumes
Uses the slabs for the year shown on the page, for someone under 60 on salary income. Covers the standard deduction, each deduction cap, the section 87A rebate, marginal relief, surcharge and cess. Employer NPS under 80CCD(2) is the one deduction both regimes allow, so it comes off either way. It does not handle capital gains or business income.
Rules and rates from
Education only, not investment, tax or legal advice. I am not a SEBI-registered investment adviser.
Spotted a mistake? Tell me →