Old vs New Tax Regime: Which Saves More in FY 2024-25?

The new regime has lower slabs and a higher rebate of Rs 7 lakh under Section 87A but most deductions (80C, 80D, HRA, LTA, home-loan interest) are removed. It suits taxpayers with limited deductions. The old regime retains all deductions and exemptions but has higher slabs. Most salaried taxpayers with significant 80C, 80D, and home-loan interest benefit from the old regime. Calculate both regimes for your specific numbers — there is no single answer.