The Indian government offers two tax regimes: the traditional (Old) regime with deductions, and a simplified (New) regime with lower rates but no exemptions.

Old Regime:

✅ Includes deductions like:

• 80C (LIC, PPF, ELSS)
• HRA
• 80D (medical insurance)

New Regime:

✅ Lower slab rates
🚫 No deductions (except for employer NPS, standard deduction)

| Income Range | Old Regime (With Deductions) | New Regime | |--------------|-------------------------------|------------| | ₹5-7.5 lakh | 10% | 5% | | ₹7.5-10 lakh | 15% | 10% |

🧠 Which one to choose?
If your deductions are high, Old Regime saves more. If not, New Regime may suit you.

📊 Try both via an online calculator or use our ITR2Doc tool to compare!