{"id":1967,"date":"2025-04-23T14:54:32","date_gmt":"2025-04-23T09:24:32","guid":{"rendered":"https:\/\/www.caclubindia.com\/guide\/?p=1967"},"modified":"2025-07-01T12:59:10","modified_gmt":"2025-07-01T07:29:10","slug":"old-vs-new-tax-regime","status":"publish","type":"post","link":"https:\/\/www.caclubindia.com\/guide\/old-vs-new-tax-regime\/","title":{"rendered":"Old vs New Tax Regime: Which One Saves You More for FY 2024-25?"},"content":{"rendered":"\n<p>The Finance Act 2023 amended Section 115BAC, making the new tax regime the default option from AY 2024-25 (FY 2023-24 onwards) for:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Individuals<\/li>\n\n\n\n<li>HUFs (Hindu Undivided Families)<\/li>\n\n\n\n<li>AOPs (Association of Persons, excluding co-operative societies)<\/li>\n\n\n\n<li>BOIs (Body of Individuals)<\/li>\n\n\n\n<li>Artificial Juridical Persons<\/li>\n<\/ul>\n\n\n\n<p>However, eligible taxpayers can choose to opt out of the new tax regime and continue under the old one.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\r\n<div class=\"ez-toc-title-container\">\r\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\r\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\r\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.caclubindia.com\/guide\/old-vs-new-tax-regime\/#About_Old_vs_New_Tax_Regime\" >About Old vs New Tax Regime<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.caclubindia.com\/guide\/old-vs-new-tax-regime\/#Slab_Rates_For_FY_2024-25\" >Slab Rates For FY 2024-25<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.caclubindia.com\/guide\/old-vs-new-tax-regime\/#Under_the_Old_Tax_Regime\" >Under the Old Tax Regime<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.caclubindia.com\/guide\/old-vs-new-tax-regime\/#Under_New_Tax_Regime\" >Under New Tax Regime<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.caclubindia.com\/guide\/old-vs-new-tax-regime\/#DeductionsExemptions_%E2%80%93_Differences\" >Deductions\/Exemptions &#8211; Differences<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.caclubindia.com\/guide\/old-vs-new-tax-regime\/#DeductionsExemptions_%E2%80%93_Similarities\" >Deductions\/Exemptions &#8211; Similarities<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.caclubindia.com\/guide\/old-vs-new-tax-regime\/#Surcharge\" >Surcharge<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.caclubindia.com\/guide\/old-vs-new-tax-regime\/#Rebate_us_87A\" >Rebate u\/s 87A<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.caclubindia.com\/guide\/old-vs-new-tax-regime\/#Marginal_Relief\" >Marginal Relief<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.caclubindia.com\/guide\/old-vs-new-tax-regime\/#Form_10-IEA_Submission_Deadline\" >Form 10-IEA Submission Deadline:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.caclubindia.com\/guide\/old-vs-new-tax-regime\/#Opting_Out_is_Yearly_Not_Automatic\" >Opting Out is Yearly (Not Automatic):<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.caclubindia.com\/guide\/old-vs-new-tax-regime\/#Reversion_to_Old_Regime_is_Irrevocable_for_the_Year\" >Reversion to Old Regime is Irrevocable for the Year:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.caclubindia.com\/guide\/old-vs-new-tax-regime\/#FAQs\" >FAQs<\/a><\/li><\/ul><\/nav><\/div>\r\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"About_Old_vs_New_Tax_Regime\"><\/span>About Old vs New Tax Regime<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The old tax regime refers to the previous income tax system, which follows the earlier tax slabs and allows for various deductions and exemptions (under Section 80C, 80D, HRA, etc.).<\/p>\n\n\n\n<p>In contrast, the <strong><a href=\"https:\/\/www.caclubindia.com\/guide\/new-tax-regime\/\">new tax regime<\/a><\/strong> offers lower tax rates but restricts most deductions, making it simpler but potentially less beneficial for those with significant tax-saving investments.<\/p>\n\n\n\n<p><em><strong>For non-business taxpayers (such as salaried individuals and non-business professionals), the choice between the old and new tax regimes can be made every year while filing their Income Tax Return (ITR).<\/strong><\/em><\/p>\n\n\n\n<p><em><strong>The new tax regime is now the default option for all taxpayers under the amended Section 115BAC. However, individuals and businesses still retain the choice to opt for the old tax regime if it proves more beneficial for them.<\/strong><\/em><\/p>\n\n\n\n<p>Let\u2019s analyse and compare the old and new tax regimes under different scenarios.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Slab_Rates_For_FY_2024-25\"><\/span>Slab Rates For FY 2024-25<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Under_the_Old_Tax_Regime\"><\/span>Under the Old Tax Regime<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Income Range (\u20b9)<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>Tax Rate<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>Tax Calculation<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Up to \u20b92,50,000<\/td><td class=\"has-text-align-center\" data-align=\"center\">0%<\/td><td class=\"has-text-align-center\" data-align=\"center\">Nil<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">\u20b92,50,001 \u2013 \u20b95,00,000<\/td><td class=\"has-text-align-center\" data-align=\"center\">5%<\/td><td class=\"has-text-align-center\" data-align=\"center\">5% of income above \u20b92.5L<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">\u20b95,00,001 \u2013 \u20b910,00,000<\/td><td class=\"has-text-align-center\" data-align=\"center\">20%<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u20b912,500 + 20% of income above \u20b95L<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Above \u20b910,00,000<\/td><td class=\"has-text-align-center\" data-align=\"center\">30%<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u20b91,12,500 + 30% of income above \u20b910L<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Under_New_Tax_Regime\"><\/span>Under New Tax Regime<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Income Range (\u20b9)<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>Tax Rate<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>Tax Calculation<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Up to \u20b93,00,000<\/td><td class=\"has-text-align-center\" data-align=\"center\">0%<\/td><td class=\"has-text-align-center\" data-align=\"center\">Nil<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">\u20b93,00,001 \u2013 \u20b97,00,000<\/td><td class=\"has-text-align-center\" data-align=\"center\">5%<\/td><td class=\"has-text-align-center\" data-align=\"center\">5% of income above \u20b93L<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">\u20b97,00,001 \u2013 \u20b910,00,000<\/td><td class=\"has-text-align-center\" data-align=\"center\">10%<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u20b920,000 + 10% of income above \u20b97L<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">\u20b910,00,001 \u2013 \u20b912,00,000<\/td><td class=\"has-text-align-center\" data-align=\"center\">15%<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u20b950,000 + 15% of income above \u20b910L<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">\u20b912,00,001 \u2013 \u20b915,00,000<\/td><td class=\"has-text-align-center\" data-align=\"center\">20%<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u20b980,000 + 20% above \u20b9above \u20b912L<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Above \u20b915,00,001<\/td><td class=\"has-text-align-center\" data-align=\"center\">30%<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u20b91,40,000 + 30% above \u20b915L<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"DeductionsExemptions_%E2%80%93_Differences\"><\/span>Deductions\/Exemptions &#8211; Differences<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Deduction\/Exemption<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>Old Regime<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>New Regime<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Standard Deduction <\/td><td class=\"has-text-align-center\" data-align=\"center\">\u20b950,000<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u20b950,000 (from Budget 2023)<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">House Rent Allowance <\/td><td class=\"has-text-align-center\" data-align=\"center\">\u2705Available<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u274cNot Allowed<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Leave Travel Allowance <\/td><td class=\"has-text-align-center\" data-align=\"center\">\u2705Available<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u274cNot Allowed<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Section 80C <br>(PPF, ELSS etc.)<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u2705Up to \u20b91.5L<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u274cNot Allowed<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Section 80D <br>(Health Insurance)<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u2705Up to \u20b975K<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u274cNot Allowed<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Home Loan Interest (Sec 24)<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u2705Up to \u20b92L<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u274cNot Allowed<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">NPS Additional (80CCD(1B))<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u2705Extra \u20b950K<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u274cNot Allowed<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Education Loan Interest (80E)<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u2705Full interest<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u274cNot Allowed<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Donations (80G, 80GGA, etc.)<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u2705Available<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u274cNot Allowed<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Savings Account Interest (80TTA)<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u2705\u20b910K<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u274cNot Allowed<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Rent Paid (80GG)<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u2705Up to \u20b960K<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u274cNot Allowed<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Disabled Dependent (80DD)<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u2705Up to \u20b91.25L<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u274cNot Allowed<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Medical Treatment (80DDB)<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u2705Up to \u20b91L<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u274cNot Allowed<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Electric Vehicle Loan (80EEB)<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u2705\u20b91.5L<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u274cNot Allowed<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"DeductionsExemptions_%E2%80%93_Similarities\"><\/span>Deductions\/Exemptions &#8211; Similarities<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Deduction\/Exemption<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>Old Regime<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>New Regime<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Leave Encashment (on retirement)<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u2705Up to \u20b925L<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u2705Up to \u20b925L<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Gratuity<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u2705Up to \u20b920L (govt employees: fully exempt)<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u2705Same as Old Regime<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Voluntary Retirement Compensation<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u2705Up to \u20b95L exempt<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u2705Same as Old Regime<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Agricultural Income<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u2705Fully Exempt<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u2705Fully Exempt<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Dividend Income (from Indian cos.)<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u2705Taxable but no TDS<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u2705Same as Old Regime<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Capital Gains (LTCG on equity)<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u2705\u20b91L exemption (Sec 112A)<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u2705Same as Old Regime<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Interest on Tax-Free Bonds<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u2705Exempt<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u2705Exempt<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">PPF Interest<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u2705Fully Exempt<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u2705Fully Exempt<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Life Insurance Maturity Proceeds<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u2705Exempt (if premium \u226410% of sum assured)<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u2705Same as Old Regime<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Surcharge\"><\/span>Surcharge<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Income Range<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>Old Regime Surcharge<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>New Regime Surcharge<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Up to \u20b950 lakh<\/td><td class=\"has-text-align-center\" data-align=\"center\">Nil<\/td><td class=\"has-text-align-center\" data-align=\"center\">Nil<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">\u20b950 lakh &#8211; \u20b91 crore<\/td><td class=\"has-text-align-center\" data-align=\"center\">10%<\/td><td class=\"has-text-align-center\" data-align=\"center\">10%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">\u20b91 crore &#8211; \u20b92 crore<\/td><td class=\"has-text-align-center\" data-align=\"center\">15%<\/td><td class=\"has-text-align-center\" data-align=\"center\">15%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">\u20b92 crore &#8211; \u20b95 crore<\/td><td class=\"has-text-align-center\" data-align=\"center\">25%<\/td><td class=\"has-text-align-center\" data-align=\"center\">25%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Above \u20b95 crore<\/td><td class=\"has-text-align-center\" data-align=\"center\">37%<\/td><td class=\"has-text-align-center\" data-align=\"center\">25% (capped)<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Rebate_us_87A\"><\/span>Rebate u\/s 87A<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Feature<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>Old Tax Regime<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>New Tax Regime<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Applicable Income Limit<\/td><td class=\"has-text-align-center\" data-align=\"center\">Up to \u20b95 lakh<\/td><td class=\"has-text-align-center\" data-align=\"center\">Up to \u20b97 lakh<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Maximum Rebate Amount<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u20b912,500<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u20b925,000<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Effective Tax-Free Income<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u20b95 lakh<\/td><td class=\"has-text-align-center\" data-align=\"center\">\u20b97 lakh<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Conditions<\/td><td class=\"has-text-align-center\" data-align=\"center\">Must opt for Old Regime<\/td><td class=\"has-text-align-center\" data-align=\"center\">Default regime<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Marginal_Relief\"><\/span>Marginal Relief<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><strong>Feature<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>Old Tax Regime<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>New Tax Regime<\/strong><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Applicability<\/td><td class=\"has-text-align-center\" data-align=\"center\">When income crosses surcharge thresholds<br>(\u20b950L\/\u20b91Cr\/\u20b92Cr\/\u20b95Cr)<\/td><td class=\"has-text-align-center\" data-align=\"center\">When income crosses surcharge thresholds<br>(\u20b950L\/\u20b91Cr\/\u20b92Cr\/\u20b95Cr)<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Surcharge Slabs<\/td><td class=\"has-text-align-center\" data-align=\"center\">10% (\u20b950L-1Cr)<br>15% (\u20b91Cr-2Cr)<br>25% (\u20b92Cr-5Cr)<br>37% (&gt;\u20b95Cr)<\/td><td class=\"has-text-align-center\" data-align=\"center\">10% (\u20b950L-1Cr)<br>15% (\u20b91Cr-2Cr)<br>25% (\u20b92Cr-5Cr)<br>Capped at 25% (&gt;\u20b95Cr)<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>Opting Out of New Tax Regime for Business\/Profession Income for taxpayers with income from business or profession, switching from the new tax regime back to the old tax regime requires submitting Form <strong><a href=\"https:\/\/www.caclubindia.com\/guide\/form-10iea\/\">10-IEA<\/a><\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Form_10-IEA_Submission_Deadline\"><\/span>Form 10-IEA Submission Deadline:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Must be filed on or before the due date under Section 139(1) (usually July 31 for most taxpayers, or October 31 if audit applies).<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The form must be submitted along with the ITR filing.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Opting_Out_is_Yearly_Not_Automatic\"><\/span>Opting Out is Yearly (Not Automatic):<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>If a business\/professional wants to leave the new regime, they must actively file Form 10-IEA.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Once filed, they will be taxed under the old regime for that financial year.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Reversion_to_Old_Regime_is_Irrevocable_for_the_Year\"><\/span>Reversion to Old Regime is Irrevocable for the Year:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Once Form 10-IEA is submitted, the taxpayer cannot switch back to the new regime for that same financial year.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The choice must be re-evaluated each year (if eligible).<\/li>\n<\/ul>\n\n\n\n<p>When choosing between the old and new tax regimes, it&#8217;s crucial to consider the exemptions and deductions available under the old regime to determine the net taxable income, then compare the tax liability under both systems to opt for the one with lower outgo. Informing your employer about your preferred regime ensures correct TDS deductions from your salary.<\/p>\n\n\n\n<p>Additionally, suppose you have losses from house property, capital gains, or business\/profession. In that case, these must be factored in, as opting for the new regime may render certain past and current losses ineligible for carry-forward, potentially impacting future tax calculations. A thorough evaluation of these factors will help make an informed decision.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQs\"><\/span>FAQs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1745394886178\"><strong class=\"schema-faq-question\">What is \u2018New Regime\u2019?<\/strong> <p class=\"schema-faq-answer\">The new regime provides for concessional tax rates and liberal slabs. However, no deductions are allowed in the new regime (other than those specified e.g. 80JJAA, 80M, standard deduction).<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1745394901891\"><strong class=\"schema-faq-question\">What is the difference between the old and new tax regime?<\/strong> <p class=\"schema-faq-answer\">The tax slabs and rates are different in old and new tax regimes. Various deductions and exemptions are allowed in the Old tax regime. The new regime offers lower rates of taxes but permits limited deductions and exemptions.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1745394910164\"><strong class=\"schema-faq-question\">Which is better between the old tax regime and the new tax regime?<\/strong> <p class=\"schema-faq-answer\">The option to choose between two regimes may vary from person to person. It is advisable to do a comparative evaluation and analysis under both regimes and then choose as per requirement. Taxpayers can broadly estimate and compare tax liability under the new and the old tax regime using the Income and Tax Calculator on the Income Tax Portal.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1745394922923\"><strong class=\"schema-faq-question\">Would Form 10-IFA or Form 10- IEA be applicable to those filing ITR-5 and wanting to opt out of the new tax regime?<\/strong> <p class=\"schema-faq-answer\">Form 10-IEA applies to AOP\u2019s (other than Co-operative society) or BOI or AJP, who are filing return of Income in ITR-5. Form 10-IFA applies to new manufacturing co-operative Societies resident in India filing ITR 5, if they wish to avail New Tax Regime under Section 115BAE.<\/p> <\/div> <\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Finance Act 2023 amended Section 115BAC, making the new tax regime the default option from AY 2024-25 (FY 2023-24 [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":1968,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"class_list":["post-1967","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-income-tax"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\r\n<title>Old vs New Tax Regime: Which One Saves You More for FY 2024-25? - Tax Guide<\/title>\r\n<meta name=\"description\" content=\"Old vs New Tax Regime article discusses about tax slabs, eligibility, exemptions and implications for different income groups.\" \/>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.caclubindia.com\/guide\/old-vs-new-tax-regime\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Old vs New Tax Regime: Which One Saves You More for FY 2024-25? - Tax Guide\" \/>\r\n<meta property=\"og:description\" content=\"Old vs New Tax Regime article discusses about tax slabs, eligibility, exemptions and implications for different income groups.\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/www.caclubindia.com\/guide\/old-vs-new-tax-regime\/\" \/>\r\n<meta property=\"og:site_name\" content=\"Tax Guide\" \/>\r\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/caclubindia\" \/>\r\n<meta property=\"article:published_time\" content=\"2025-04-23T09:24:32+00:00\" \/>\r\n<meta property=\"article:modified_time\" content=\"2025-07-01T07:29:10+00:00\" \/>\r\n<meta property=\"og:image\" content=\"https:\/\/www.caclubindia.com\/guide\/wp-content\/uploads\/2025\/04\/Old-vs-New-Tax-Regime.png\" \/>\r\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\r\n\t<meta property=\"og:image:height\" content=\"630\" \/>\r\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\r\n<meta name=\"author\" content=\"Chaitra Seetharam\" \/>\r\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\r\n<meta name=\"twitter:creator\" content=\"@caclubindia\" \/>\r\n<meta name=\"twitter:site\" content=\"@caclubindia\" \/>\r\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Chaitra Seetharam\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\r\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.caclubindia.com\\\/guide\\\/old-vs-new-tax-regime\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.caclubindia.com\\\/guide\\\/old-vs-new-tax-regime\\\/\"},\"author\":{\"name\":\"Chaitra Seetharam\",\"@id\":\"https:\\\/\\\/www.caclubindia.com\\\/guide\\\/#\\\/schema\\\/person\\\/abe1f226c9415785edf10b4313c9cacb\"},\"headline\":\"Old vs New Tax Regime: Which One Saves You More for FY 2024-25?\",\"datePublished\":\"2025-04-23T09:24:32+00:00\",\"dateModified\":\"2025-07-01T07:29:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.caclubindia.com\\\/guide\\\/old-vs-new-tax-regime\\\/\"},\"wordCount\":1088,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.caclubindia.com\\\/guide\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.caclubindia.com\\\/guide\\\/old-vs-new-tax-regime\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.caclubindia.com\\\/guide\\\/wp-content\\\/uploads\\\/2025\\\/04\\\/Old-vs-New-Tax-Regime.png\",\"articleSection\":[\"Income Tax\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.caclubindia.com\\\/guide\\\/old-vs-new-tax-regime\\\/#respond\"]}]},{\"@type\":[\"WebPage\",\"FAQPage\"],\"@id\":\"https:\\\/\\\/www.caclubindia.com\\\/guide\\\/old-vs-new-tax-regime\\\/\",\"url\":\"https:\\\/\\\/www.caclubindia.com\\\/guide\\\/old-vs-new-tax-regime\\\/\",\"name\":\"Old vs New Tax Regime: Which One Saves You More for FY 2024-25? - Tax Guide\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.caclubindia.com\\\/guide\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.caclubindia.com\\\/guide\\\/old-vs-new-tax-regime\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.caclubindia.com\\\/guide\\\/old-vs-new-tax-regime\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.caclubindia.com\\\/guide\\\/wp-content\\\/uploads\\\/2025\\\/04\\\/Old-vs-New-Tax-Regime.png\",\"datePublished\":\"2025-04-23T09:24:32+00:00\",\"dateModified\":\"2025-07-01T07:29:10+00:00\",\"description\":\"Old vs New Tax Regime article discusses about tax slabs, eligibility, exemptions and implications for different income groups.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.caclubindia.com\\\/guide\\\/old-vs-new-tax-regime\\\/#breadcrumb\"},\"mainEntity\":[{\"@id\":\"https:\\\/\\\/www.caclubindia.com\\\/guide\\\/old-vs-new-tax-regime\\\/#faq-question-1745394886178\"},{\"@id\":\"https:\\\/\\\/www.caclubindia.com\\\/guide\\\/old-vs-new-tax-regime\\\/#faq-question-1745394901891\"},{\"@id\":\"https:\\\/\\\/www.caclubindia.com\\\/guide\\\/old-vs-new-tax-regime\\\/#faq-question-1745394910164\"},{\"@id\":\"https:\\\/\\\/www.caclubindia.com\\\/guide\\\/old-vs-new-tax-regime\\\/#faq-question-1745394922923\"}],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.caclubindia.com\\\/guide\\\/old-vs-new-tax-regime\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.caclubindia.com\\\/guide\\\/old-vs-new-tax-regime\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.caclubindia.com\\\/guide\\\/wp-content\\\/uploads\\\/2025\\\/04\\\/Old-vs-New-Tax-Regime.png\",\"contentUrl\":\"https:\\\/\\\/www.caclubindia.com\\\/guide\\\/wp-content\\\/uploads\\\/2025\\\/04\\\/Old-vs-New-Tax-Regime.png\",\"width\":1200,\"height\":630},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.caclubindia.com\\\/guide\\\/old-vs-new-tax-regime\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.caclubindia.com\\\/guide\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Old vs New Tax Regime: Which One Saves You More for FY 2024-25?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.caclubindia.com\\\/guide\\\/#website\",\"url\":\"https:\\\/\\\/www.caclubindia.com\\\/guide\\\/\",\"name\":\"Tax Guide\",\"description\":\"All tax related info news and updates in one place.\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.caclubindia.com\\\/guide\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.caclubindia.com\\\/guide\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.caclubindia.com\\\/guide\\\/#organization\",\"name\":\"CAclubindia\",\"url\":\"https:\\\/\\\/www.caclubindia.com\\\/guide\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.caclubindia.com\\\/guide\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.caclubindia.com\\\/guide\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/cropped-icon-384x384-1.png\",\"contentUrl\":\"https:\\\/\\\/www.caclubindia.com\\\/guide\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/cropped-icon-384x384-1.png\",\"width\":512,\"height\":512,\"caption\":\"CAclubindia\"},\"image\":{\"@id\":\"https:\\\/\\\/www.caclubindia.com\\\/guide\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/caclubindia\",\"https:\\\/\\\/x.com\\\/caclubindia\",\"https:\\\/\\\/www.instagram.com\\\/caclubindia\\\/\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/caclubindia\\\/\",\"https:\\\/\\\/www.youtube.com\\\/caclubindia?sub_confirmation=1\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.caclubindia.com\\\/guide\\\/#\\\/schema\\\/person\\\/abe1f226c9415785edf10b4313c9cacb\",\"name\":\"Chaitra Seetharam\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/78b5101dc51a6bdf622917fe10dddf6a0eeb09d7280a1bc4eee34515a53d5a85?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/78b5101dc51a6bdf622917fe10dddf6a0eeb09d7280a1bc4eee34515a53d5a85?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/78b5101dc51a6bdf622917fe10dddf6a0eeb09d7280a1bc4eee34515a53d5a85?s=96&d=mm&r=g\",\"caption\":\"Chaitra Seetharam\"},\"url\":\"https:\\\/\\\/www.caclubindia.com\\\/guide\\\/author\\\/chaitra-s\\\/\"},{\"@type\":\"Question\",\"@id\":\"https:\\\/\\\/www.caclubindia.com\\\/guide\\\/old-vs-new-tax-regime\\\/#faq-question-1745394886178\",\"position\":1,\"url\":\"https:\\\/\\\/www.caclubindia.com\\\/guide\\\/old-vs-new-tax-regime\\\/#faq-question-1745394886178\",\"name\":\"What is \u2018New Regime\u2019?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The new regime provides for concessional tax rates and liberal slabs. However, no deductions are allowed in the new regime (other than those specified e.g. 80JJAA, 80M, standard deduction).\",\"inLanguage\":\"en-US\"},\"inLanguage\":\"en-US\"},{\"@type\":\"Question\",\"@id\":\"https:\\\/\\\/www.caclubindia.com\\\/guide\\\/old-vs-new-tax-regime\\\/#faq-question-1745394901891\",\"position\":2,\"url\":\"https:\\\/\\\/www.caclubindia.com\\\/guide\\\/old-vs-new-tax-regime\\\/#faq-question-1745394901891\",\"name\":\"What is the difference between the old and new tax regime?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The tax slabs and rates are different in old and new tax regimes. Various deductions and exemptions are allowed in the Old tax regime. The new regime offers lower rates of taxes but permits limited deductions and exemptions.\",\"inLanguage\":\"en-US\"},\"inLanguage\":\"en-US\"},{\"@type\":\"Question\",\"@id\":\"https:\\\/\\\/www.caclubindia.com\\\/guide\\\/old-vs-new-tax-regime\\\/#faq-question-1745394910164\",\"position\":3,\"url\":\"https:\\\/\\\/www.caclubindia.com\\\/guide\\\/old-vs-new-tax-regime\\\/#faq-question-1745394910164\",\"name\":\"Which is better between the old tax regime and the new tax regime?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The option to choose between two regimes may vary from person to person. It is advisable to do a comparative evaluation and analysis under both regimes and then choose as per requirement. Taxpayers can broadly estimate and compare tax liability under the new and the old tax regime using the Income and Tax Calculator on the Income Tax Portal.\",\"inLanguage\":\"en-US\"},\"inLanguage\":\"en-US\"},{\"@type\":\"Question\",\"@id\":\"https:\\\/\\\/www.caclubindia.com\\\/guide\\\/old-vs-new-tax-regime\\\/#faq-question-1745394922923\",\"position\":4,\"url\":\"https:\\\/\\\/www.caclubindia.com\\\/guide\\\/old-vs-new-tax-regime\\\/#faq-question-1745394922923\",\"name\":\"Would Form 10-IFA or Form 10- IEA be applicable to those filing ITR-5 and wanting to opt out of the new tax regime?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Form 10-IEA applies to AOP\u2019s (other than Co-operative society) or BOI or AJP, who are filing return of Income in ITR-5. Form 10-IFA applies to new manufacturing co-operative Societies resident in India filing ITR 5, if they wish to avail New Tax Regime under Section 115BAE.\",\"inLanguage\":\"en-US\"},\"inLanguage\":\"en-US\"}]}<\/script>\r\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Old vs New Tax Regime: Which One Saves You More for FY 2024-25? - Tax Guide","description":"Old vs New Tax Regime article discusses about tax slabs, eligibility, exemptions and implications for different income groups.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.caclubindia.com\/guide\/old-vs-new-tax-regime\/","og_locale":"en_US","og_type":"article","og_title":"Old vs New Tax Regime: Which One Saves You More for FY 2024-25? - Tax Guide","og_description":"Old vs New Tax Regime article discusses about tax slabs, eligibility, exemptions and implications for different income groups.","og_url":"https:\/\/www.caclubindia.com\/guide\/old-vs-new-tax-regime\/","og_site_name":"Tax Guide","article_publisher":"https:\/\/www.facebook.com\/caclubindia","article_published_time":"2025-04-23T09:24:32+00:00","article_modified_time":"2025-07-01T07:29:10+00:00","og_image":[{"width":1200,"height":630,"url":"https:\/\/www.caclubindia.com\/guide\/wp-content\/uploads\/2025\/04\/Old-vs-New-Tax-Regime.png","type":"image\/png"}],"author":"Chaitra Seetharam","twitter_card":"summary_large_image","twitter_creator":"@caclubindia","twitter_site":"@caclubindia","twitter_misc":{"Written by":"Chaitra Seetharam","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.caclubindia.com\/guide\/old-vs-new-tax-regime\/#article","isPartOf":{"@id":"https:\/\/www.caclubindia.com\/guide\/old-vs-new-tax-regime\/"},"author":{"name":"Chaitra Seetharam","@id":"https:\/\/www.caclubindia.com\/guide\/#\/schema\/person\/abe1f226c9415785edf10b4313c9cacb"},"headline":"Old vs New Tax Regime: Which One Saves You More for FY 2024-25?","datePublished":"2025-04-23T09:24:32+00:00","dateModified":"2025-07-01T07:29:10+00:00","mainEntityOfPage":{"@id":"https:\/\/www.caclubindia.com\/guide\/old-vs-new-tax-regime\/"},"wordCount":1088,"commentCount":0,"publisher":{"@id":"https:\/\/www.caclubindia.com\/guide\/#organization"},"image":{"@id":"https:\/\/www.caclubindia.com\/guide\/old-vs-new-tax-regime\/#primaryimage"},"thumbnailUrl":"https:\/\/www.caclubindia.com\/guide\/wp-content\/uploads\/2025\/04\/Old-vs-New-Tax-Regime.png","articleSection":["Income Tax"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.caclubindia.com\/guide\/old-vs-new-tax-regime\/#respond"]}]},{"@type":["WebPage","FAQPage"],"@id":"https:\/\/www.caclubindia.com\/guide\/old-vs-new-tax-regime\/","url":"https:\/\/www.caclubindia.com\/guide\/old-vs-new-tax-regime\/","name":"Old vs New Tax Regime: Which One Saves You More for FY 2024-25? - Tax Guide","isPartOf":{"@id":"https:\/\/www.caclubindia.com\/guide\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.caclubindia.com\/guide\/old-vs-new-tax-regime\/#primaryimage"},"image":{"@id":"https:\/\/www.caclubindia.com\/guide\/old-vs-new-tax-regime\/#primaryimage"},"thumbnailUrl":"https:\/\/www.caclubindia.com\/guide\/wp-content\/uploads\/2025\/04\/Old-vs-New-Tax-Regime.png","datePublished":"2025-04-23T09:24:32+00:00","dateModified":"2025-07-01T07:29:10+00:00","description":"Old vs New Tax Regime article discusses about tax slabs, eligibility, exemptions and implications for different income groups.","breadcrumb":{"@id":"https:\/\/www.caclubindia.com\/guide\/old-vs-new-tax-regime\/#breadcrumb"},"mainEntity":[{"@id":"https:\/\/www.caclubindia.com\/guide\/old-vs-new-tax-regime\/#faq-question-1745394886178"},{"@id":"https:\/\/www.caclubindia.com\/guide\/old-vs-new-tax-regime\/#faq-question-1745394901891"},{"@id":"https:\/\/www.caclubindia.com\/guide\/old-vs-new-tax-regime\/#faq-question-1745394910164"},{"@id":"https:\/\/www.caclubindia.com\/guide\/old-vs-new-tax-regime\/#faq-question-1745394922923"}],"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.caclubindia.com\/guide\/old-vs-new-tax-regime\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.caclubindia.com\/guide\/old-vs-new-tax-regime\/#primaryimage","url":"https:\/\/www.caclubindia.com\/guide\/wp-content\/uploads\/2025\/04\/Old-vs-New-Tax-Regime.png","contentUrl":"https:\/\/www.caclubindia.com\/guide\/wp-content\/uploads\/2025\/04\/Old-vs-New-Tax-Regime.png","width":1200,"height":630},{"@type":"BreadcrumbList","@id":"https:\/\/www.caclubindia.com\/guide\/old-vs-new-tax-regime\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.caclubindia.com\/guide\/"},{"@type":"ListItem","position":2,"name":"Old vs New Tax Regime: Which One Saves You More for FY 2024-25?"}]},{"@type":"WebSite","@id":"https:\/\/www.caclubindia.com\/guide\/#website","url":"https:\/\/www.caclubindia.com\/guide\/","name":"Tax Guide","description":"All tax related info news and updates in one place.","publisher":{"@id":"https:\/\/www.caclubindia.com\/guide\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.caclubindia.com\/guide\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.caclubindia.com\/guide\/#organization","name":"CAclubindia","url":"https:\/\/www.caclubindia.com\/guide\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.caclubindia.com\/guide\/#\/schema\/logo\/image\/","url":"https:\/\/www.caclubindia.com\/guide\/wp-content\/uploads\/2024\/05\/cropped-icon-384x384-1.png","contentUrl":"https:\/\/www.caclubindia.com\/guide\/wp-content\/uploads\/2024\/05\/cropped-icon-384x384-1.png","width":512,"height":512,"caption":"CAclubindia"},"image":{"@id":"https:\/\/www.caclubindia.com\/guide\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/caclubindia","https:\/\/x.com\/caclubindia","https:\/\/www.instagram.com\/caclubindia\/","https:\/\/www.linkedin.com\/company\/caclubindia\/","https:\/\/www.youtube.com\/caclubindia?sub_confirmation=1"]},{"@type":"Person","@id":"https:\/\/www.caclubindia.com\/guide\/#\/schema\/person\/abe1f226c9415785edf10b4313c9cacb","name":"Chaitra Seetharam","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/78b5101dc51a6bdf622917fe10dddf6a0eeb09d7280a1bc4eee34515a53d5a85?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/78b5101dc51a6bdf622917fe10dddf6a0eeb09d7280a1bc4eee34515a53d5a85?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/78b5101dc51a6bdf622917fe10dddf6a0eeb09d7280a1bc4eee34515a53d5a85?s=96&d=mm&r=g","caption":"Chaitra Seetharam"},"url":"https:\/\/www.caclubindia.com\/guide\/author\/chaitra-s\/"},{"@type":"Question","@id":"https:\/\/www.caclubindia.com\/guide\/old-vs-new-tax-regime\/#faq-question-1745394886178","position":1,"url":"https:\/\/www.caclubindia.com\/guide\/old-vs-new-tax-regime\/#faq-question-1745394886178","name":"What is \u2018New Regime\u2019?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The new regime provides for concessional tax rates and liberal slabs. However, no deductions are allowed in the new regime (other than those specified e.g. 80JJAA, 80M, standard deduction).","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.caclubindia.com\/guide\/old-vs-new-tax-regime\/#faq-question-1745394901891","position":2,"url":"https:\/\/www.caclubindia.com\/guide\/old-vs-new-tax-regime\/#faq-question-1745394901891","name":"What is the difference between the old and new tax regime?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The tax slabs and rates are different in old and new tax regimes. Various deductions and exemptions are allowed in the Old tax regime. The new regime offers lower rates of taxes but permits limited deductions and exemptions.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.caclubindia.com\/guide\/old-vs-new-tax-regime\/#faq-question-1745394910164","position":3,"url":"https:\/\/www.caclubindia.com\/guide\/old-vs-new-tax-regime\/#faq-question-1745394910164","name":"Which is better between the old tax regime and the new tax regime?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"The option to choose between two regimes may vary from person to person. It is advisable to do a comparative evaluation and analysis under both regimes and then choose as per requirement. Taxpayers can broadly estimate and compare tax liability under the new and the old tax regime using the Income and Tax Calculator on the Income Tax Portal.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.caclubindia.com\/guide\/old-vs-new-tax-regime\/#faq-question-1745394922923","position":4,"url":"https:\/\/www.caclubindia.com\/guide\/old-vs-new-tax-regime\/#faq-question-1745394922923","name":"Would Form 10-IFA or Form 10- IEA be applicable to those filing ITR-5 and wanting to opt out of the new tax regime?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Form 10-IEA applies to AOP\u2019s (other than Co-operative society) or BOI or AJP, who are filing return of Income in ITR-5. Form 10-IFA applies to new manufacturing co-operative Societies resident in India filing ITR 5, if they wish to avail New Tax Regime under Section 115BAE.","inLanguage":"en-US"},"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.caclubindia.com\/guide\/wp-json\/wp\/v2\/posts\/1967","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.caclubindia.com\/guide\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.caclubindia.com\/guide\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.caclubindia.com\/guide\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.caclubindia.com\/guide\/wp-json\/wp\/v2\/comments?post=1967"}],"version-history":[{"count":2,"href":"https:\/\/www.caclubindia.com\/guide\/wp-json\/wp\/v2\/posts\/1967\/revisions"}],"predecessor-version":[{"id":2477,"href":"https:\/\/www.caclubindia.com\/guide\/wp-json\/wp\/v2\/posts\/1967\/revisions\/2477"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.caclubindia.com\/guide\/wp-json\/wp\/v2\/media\/1968"}],"wp:attachment":[{"href":"https:\/\/www.caclubindia.com\/guide\/wp-json\/wp\/v2\/media?parent=1967"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.caclubindia.com\/guide\/wp-json\/wp\/v2\/categories?post=1967"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.caclubindia.com\/guide\/wp-json\/wp\/v2\/tags?post=1967"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}