Home loan: old vs new regime
Sample: Rohit, 38, engineering manager in Pune. ₹24 lakh a year, ₹60 lakh home loan, two children.
₹96,720 less tax in the new regime
Interest of ₹5,05,419 in year one, but only ₹2 lakh counts, and only in the old regime.
See every line
New regime
Lower tax- Gross salary₹24,00,000
- Standard deduction (Sec 19, old 16(ia))less ₹75,000
- Taxable income₹23,25,000