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          Income Tax

          Which is better between the old tax regime and the new tax regime?

          FAQ on New vs Old Regime [AY 2024-25]

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          Tax regime choice: compare prospective tax liability under both regimes and use the official calculator to decide. Choice between the existing and revised personal income tax frameworks depends on individual circumstances; taxpayers must estimate and compare prospective tax liability under each regime and are advised to use the Income and Tax Calculator on the Income Tax Portal to inform their election.
                            Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                              Provisions expressly mentioned in the judgment/order text.

                                  Tax regime choice: compare prospective tax liability under both regimes and use the official calculator to decide.

                                  Choice between the existing and revised personal income tax frameworks depends on individual circumstances; taxpayers must estimate and compare prospective tax liability under each regime and are advised to use the Income and Tax Calculator on the Income Tax Portal to inform their election.


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