https://www.taxtmi.com/article/detailed?id=14424 Choice between the Old Tax Regime and the New Tax Regime depends on an individual's income mix and entitlement to deductions and exemptions. The old regime offers extensive salary and Chapter VI A deductions (standard deduction, HRA, LTA and investment deductions) beneficial for taxpayers using tax saving instruments, while the new regime provides simplified, wider slabs with lower marginal rates and limited exemptions-together with a higher standard deduction and a few employer reimbursed allowances. Taxpayers must compute and compare projected liabilities under both regimes. en-us Fri, 16 May 2025 08:42:12 +0530 Fri, 16 May 2025 08:42:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=14424 Choice between the Old Tax Regime and the New Tax Regime depends on an individual's income mix and entitlement to deductions and exemptions. The old regime offers extensive salary and Chapter VI A deductions (standard deduction, HRA, LTA and investment deductions) beneficial for taxpayers using tax saving instruments, while the new regime provides simplified, wider slabs with lower marginal rates and limited exemptions-together with a higher standard deduction and a few employer reimbursed allowances. Taxpayers must compute and compare projected liabilities under both regimes. Articles Income Tax Fri, 16 May 2025 08:42:12 +0530 https://www.taxtmi.com/article/detailed?id=14424