Making Informed Choices: Old vs. New Tax Regimes

Making Informed Choices: Old vs. New Tax Regimes

Introduction

In the ever-evolving landscape of taxation, choosing between India’s old and new tax regimes demands a careful consideration of various factors. This decision hinges on individual financial circumstances, income sources, and investment patterns. With the new financial year, the new income-tax regime emerges as the default option, altering the dynamics of tax planning. This article aims to dissect both tax regimes, highlighting their respective benefits and drawbacks to assist taxpayers in making informed decisions.

Old Tax Regime: Delving Into Deductions

New Tax Regime: A Paradigm Shift

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