Question 1

Old vs new tax regime: which is better?

Accepted Answer

New regime is default and better for most people earning under ₹12L (zero tax via 87A rebate). Old regime wins if you have ₹2L+ in deductions (80C, 80D, HRA, home loan interest).

Question 2

What is the 87A rebate?

Accepted Answer

Section 87A gives full tax rebate if taxable income is up to ₹12L (new regime FY 2025-26) or ₹5L (old regime). This means tax becomes zero up to those limits.

Income Tax Calculator India

Your Income

Other Income (annual)

Deductions (Old Regime Only)

📝 File your ITR easily

Tax Comparison

📜 Old Regime

✨ New Regime

💰 Switch & Save

Tax Slab Breakdown (selected regime)

✦ AI Tax-Saving Strategy