Question 1

Which is better, Old or New Tax Regime?

Accepted Answer

It depends on your income and deductions. The New Tax Regime is generally better for those with fewer deductions, while the Old Regime benefits those with high investments (80C, HRA, Home Loan).

Question 2

What is the standard deduction for FY 2025-26?

Accepted Answer

The standard deduction for salaried individuals is ₹75,000 for both the Old and New Tax Regimes in FY 2025-26.

Question 3

Is 80C deduction available in the New Tax Regime?

Accepted Answer

No, most deductions under Section 80C are not available under the New Tax Regime.

Income Tax Calculator 2025-26