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New or old tax regime: a worked example for a salary of 12 lakh rupees

The new regime wins unless you claim more than 3.5 lakh in deductions, a demo calculation shows.

A desk with a laptop and a calculator
Stock photograph used as an illustration; it does not show the place, event or people in the story. Photo: Photo: AnonymousUnknown via Wikimedia Commons (CC0-1.0)

We took a fictional salaried person earning 12 lakh a year and compared two sample slab structures.

Your best choice depends on your deductions. Check with a tax professional.

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