Old regime or new: how to think about it
India offers a choice between a regime with deductions and higher rates, and one with lower rates and almost no deductions. The right choice depends entirely on how many deductions you actually claim — rent, home loan interest, insurance, retirement contributions.
What it means
India offers a choice between a regime with deductions and higher rates, and one with lower rates and almost no deductions.
Why it matters to a household
The right choice depends entirely on how many deductions you actually claim — rent, home loan interest, insurance, retirement contributions.
Where it trips people up
Choosing on rates alone. A household with a home loan and school fees can land somewhere quite different from one without.
In an Indian household
Rates and limits change with each budget, so run the comparison for the current year with your own numbers rather than relying on last year's conclusion.
Where FamTally comes in
FamTally is a free AI-driven money manager built for Indian families. It holds your loans, income, expenses, assets, insurance and goals in one place, forecasts five years ahead, and lets you ask an assistant questions about your own numbers rather than looking up general advice. Everything on this page is the kind of thing it works out for you automatically.
Stop doing this in a spreadsheet
FamTally keeps your loans, income, expenses, assets, insurance and goals in one place, forecasts five years ahead, and answers questions about your own numbers. Free, and built for Indian families.
Start freeQuestions people ask
Old regime or new: how to think about it
India offers a choice between a regime with deductions and higher rates, and one with lower rates and almost no deductions.
Why does it matter?
The right choice depends entirely on how many deductions you actually claim — rent, home loan interest, insurance, retirement contributions.
What do people usually get wrong?
Choosing on rates alone. A household with a home loan and school fees can land somewhere quite different from one without.
Is there anything India-specific?
Rates and limits change with each budget, so run the comparison for the current year with your own numbers rather than relying on last year's conclusion.