=link= Old Vs New Tax Regime Calculator Excel - Download

You want a simpler filing process without maintaining investment proofs.

Providing a on how to switch regimes during ITR filing.

No tax up to ₹7 lakh taxable income in the New Regime. download old vs new tax regime calculator excel

Generally, if your total deductions exceed ₹3.75 lakh to ₹4.25 lakh (depending on income level), the Old Regime is usually cheaper. Choose the New Regime if: You prefer liquidity over locked-in investments. Your salary has few taxable allowances (like HRA or LTA).

The "better" regime depends entirely on your investment habits and salary structure. Choose the Old Regime if: You have a high Home Loan interest (₹2 lakh or more). You maximize Section 80C and 80D investments. You receive a significant HRA and live in a rented house. You want a simpler filing process without maintaining

From FY 2023-24 onwards, the New Regime is the default option unless you proactively opt-out. Download Old vs New Tax Regime Calculator Excel

The sheet will automatically calculate the tax liability for both regimes. Which Regime Should You Choose? Generally, if your total deductions exceed ₹3

Input Home Loan interest (Section 24b) or HRA.