Compare the old and new income tax regimes for a Rs. 30 lakh salary in FY 2024–25
Nidhi | May 19, 2025 |
Salary of Rs. 30L, Which Tax Regime to Choose?
For individuals earning of Rs. 30 lakhs, selecting the right tax regime can save lakhs of rupees in your pocket. In this article, we will compare both the tax regimes side by side, but first, let us understand both the tax regimes.
Under the new income tax regime of the new income tax slabs, that has come into effect from April 1, 2025, the basic exemption is increased from Rs. 3 lakh to Rs. 4. Therefore, Individuals with a total income less than Rs.4 lakh will not have to file ITR. The new tax regime is the default tax regime.
| Income (Rs) | Income Tax Rates (%) |
| 0 – 4,00,000 | 0% |
| 4,00,001 – 8,00,000 | 5% |
| 8,00,001 – 12,00,000 | 10% |
| 12,00,001 – 16,00,000 | 15% |
| 16,00,001 – 20,00,000 | 20% |
| 20,00,001 – 24,00,000 | 25% |
| 24,00,001 and above | 30% |
There are no changes in the old tax regime. The old tax regime offers several deductions and exemptions such as HRA, LTA, 80C, 80D , etc. However, the new tax regime does not offer these deductions.
| Income (Rs) | Income Tax Rates (%) |
| 0 – 2,50,000 | 0% |
| 2,50,001 – 5,00,000 | 5% |
| 5,00,001 – 10,00,000 | 20% |
| 10,00,001 and above | 30% |
Here is an analysis by CA Pratibha Goyal.
Salary of Rs. 30L, which Tax Regime to choose.
Even with Tax Deductions of 7.6L, New Tax Regime shines. pic.twitter.com/ZUUXdQvXOE
— Pratibha Goyal (@PratibhaGoyal) May 19, 2025
As you can see, even with Tax Deductions of 7.6L, the New Tax Regime shines.
In case of any Doubt regarding Membership you can mail us at [email protected]
Join Studycafe's WhatsApp Group or Telegram Channel for Latest Updates on Government Job, Sarkari Naukri, Private Jobs, Income Tax, GST, Companies Act, Judgements and CA, CS, ICWA, and MUCH MORE!"
