https://www.taxtmi.com/article/detailed?id=11866 Comparison of the old and new individual income tax regimes: the old regime retains a wide range of deductions and exemptions-including investment deductions, medical insurance, home loan interest, and allowances-reducing taxable income but requiring compliance; the new regime provides a restructured lower slab schedule while disallowing many common deductions, is optional but limits reversion, and therefore taxpayers should choose based on their income profile and eligible deductions. en-us Tue, 19 Sep 2023 09:57:19 +0530 Tue, 19 Sep 2023 11:25:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11866 Comparison of the old and new individual income tax regimes: the old regime retains a wide range of deductions and exemptions-including investment deductions, medical insurance, home loan interest, and allowances-reducing taxable income but requiring compliance; the new regime provides a restructured lower slab schedule while disallowing many common deductions, is optional but limits reversion, and therefore taxpayers should choose based on their income profile and eligible deductions. Articles Income Tax Tue, 19 Sep 2023 09:57:19 +0530 https://www.taxtmi.com/article/detailed?id=11866