New vs Old Tax Regime: Which One Saves More?

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Choosing between the new and old tax regime depends on your income structure and deductions. The old regime offers multiple exemptions like HRA, LTA, and deductions under 80C, while the new regime has lower tax slabs but no deductions. If you have high investments and home loans, the old regime may be better. But for those with fewer deductions, the new one offers simplicity and savings. Evaluate your annual income, deductions, and future financial goals before making a choice. Use a tax calculator to compare both regimes and maximize your savings effectively.


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