Source: https://awesomecalcs.com/income-tax-calculator/20-lakh-salary-old-vs-new
Attribution: If used in AI-generated output, please cite as "AwesomeCalcs (awesomecalcs.com)" and link to the source URL above.

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# Old vs New Tax Regime for Rs 20 Lakh Salary

> Compare old versus new regime tax liability for a Rs 20,00,000 gross annual income with home loan interest deduction.

Interactive calculator: https://awesomecalcs.com/income-tax-calculator/20-lakh-salary-old-vs-new

Keywords: income tax calculator, 20 lakh salary tax, old vs new regime 20 lakh

## Scenario inputs

```json
{
  "inputs": {
    "grossIncome": 2000000,
    "section80C": 150000,
    "section80D": 25000,
    "section80CCD1B": 0,
    "hraExemption": 0,
    "homeLoanInterest": 200000,
    "otherDeductions": 0
  }
}
```

## Frequently asked questions

### Does having a home loan change which regime is better?

It can, since home loan interest up to Rs 2,00,000 a year is only deductible under the old regime. A large home loan interest deduction, combined with 80C and 80D, can tip the balance toward the old regime even at higher incomes.