New Tax Regime vs Old Tax Regime Comparison Table: Check which is better

Use this comparison table to enter your salary details and find out if the new or old tax regime announced in budget 2020 will be beneficial for you?

Which is better new tax regime or old tax regime use this comparison chart and find out

Published: February 2, 2020 at 1:10 pm

Last Updated on

This is a comparison table of the old tax regime vs new tax regime where you can enter your salary and deduction details to find out which is beneficial. This comparison table prepared by Vinay Vittal allows gives you a detailed chart of when the new tax regime will be beneficial and when the old regime will be beneficial.

Explore our budget coverage: (1) New tax regime (section 115BAC): you cannot avail these deductions! (2) Individuals to pay Tax on Dividends from Shares and Mutual Funds! (3) List of tax deductions in New tax regime (section 115BAC)  (4) Is the interest earned from PPF, EPF, SSY Taxable in new tax regime? (5) Will TDS apply to mutual fund capital gains from April 2020?

As you may know, the new tax regime is applicable with none of the tax deductions in 80C, 80D etc. (see full list above) eligible. Under certain circumstances, the new regime may be beneficial. You will have to compute for yourself and check. Thanks to Vinay, this is now possible.

I append below Vinay’s email that will explain the context and details on how to use the sheet.

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Dear Pattu Sir, I read your blog regularly and it has been a great privilege to have come across your website (i subscribed to your FB course as well).

I just did a quick calculation this morning to see the difference b/w the old and the new tax slabs. I saw your post/video on the Budget speech, so wondering if you need the excel with the calc showing the differences for your viewers.
I have attached a snapshot excel showing a wide range of salaries and the differentials. The numbers inside the table are the difference b/w the Old and the New tax regimes. If the number is positive, that means the New Regime is better and vice versa.
 
Thanks & Regards, Vinay

New Tax Regime vs Old Tax Regime Comparison Table

New Tax Regime vs Old Tax Regime Comparison Table
New Tax Regime vs Old Tax Regime Comparison Table

This is the screenshot of the input page where the black cells can be modified by the user.

input screenshot of new tax regime vs old tax regime comparison table
input screenshot of new tax regime vs old tax regime comparison table

Download the Tax Regime vs Old Tax Regime Comparison Table by Vinay Vittal

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6 Comments

    1. Yes, that is because the hidden row/column I13 has wrong figure. It should be 2.5 lacs and 0.5 lacs. Results becomes accurate once you correct that. Thanks

  1. Pattu Sir. There is flaw and hence the results are totally wrong. The hidden row/colum ‘I13’ should be 250000. The excel sheet shows 50000 and hence if you input Salary fig above 12.5 lacs, the results are showing wrong. Thanks . Vikas

  2. Thank you so much Vishal and Pattu Sir for the explanation and the excel calculator. Looks like the excel is corrected now.

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