India runs two personal income-tax systems. The new regime is now the default: it has lower slab rates and a higher standard deduction (₹75,000) but does not allow most exemptions like 80C, HRA or home-loan interest. The old regime keeps higher rates but lets you claim those deductions.
- If you claim significant deductions (80C, HRA, home loan, 80D), the old regime often wins.
- If you have few deductions, the new regime is usually simpler and cheaper.
- Salaried taxpayers can switch each year; those with business income face restrictions.
This is general information, not professional advice — confirm the current position for your specific case before acting.
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