Compare your income tax liability under old and new tax regimes. Calculate and compare tax savings between both regimes for FY 2024-25. Compare the old and new tax regimes, rates, exemptions, deductions, and more for FY 2025-26. Choose the best option based on your financial situation. This in-depth article explores the new tax regime vs the old tax regime slabs, highlights the latest income tax slabs, and offers key insights to help you decide which tax regime is better for you. Old vs New Tax Regime: Which Gives Better Deductions in FY 2024-25 & FY 2025-26? The Indian tax system offers taxpayers a choice between two regimes: the Old Tax Regime and the New Tax Regime. Each regime provides distinct tax slabs, exemptions, and deductions.