What is the main difference between old and new regime?

Old regime has higher rates but many deductions (80C, 80D, HRA). New regime has lower rates but very few deductions.

Which regime is better for ₹10 Lakh salary with no investments?

New regime is better. Tax under new regime will be lower because you don't have deductions to claim.

Can I switch between regimes every year?

Yes, for salaried individuals you can choose each year. For business income, you can switch only once.

Does new regime have a rebate limit?

Yes, rebate u/s 87A is available for income up to ₹7 lakh under new regime. For income above ₹10L, rebate is not applicable.

How does regime choice affect my refund?

If you choose the regime with lower tax, your refund (if TDS is deducted) will be higher. Wrong regime reduces refund.

How can Liquetax help me choose the right regime?

We compute your tax under both regimes, considering all income, deductions, exemptions. Then we file ITR under the best regime. Flat ₹999 for full service.

Income Tax

Old vs New Tax Regime 2026 – Best for ₹10 Lakh+ Salary?

New vs Old Tax Regime 2026 for ₹10 Lakh+ salary – which saves more tax & gives higher refund? Compare slabs, deductions & expert tips. Liquetax.

What this guide covers

What does Old vs New Tax Regime Best for ₹10 Lakh+ Salary? mean in practice?
Who is affected and what should they check first?
Which documents or records should be kept ready?
What common mistakes should be avoided?