Understanding the Basics: New vs Old Tax Regime

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 The new vs old tax regime debate often confuses first-time taxpayers. The old regime allows deductions like 80C, 80D, HRA, etc., while the new regime offers lower slab rates but no deductions. If you’re someone who hasn’t invested yet or prefers fewer compliances, the new regime may seem attractive. But if you already claim several deductions, the old regime can reduce your tax outgo. First-timers should list their possible deductions before choosing. It's not about which is “better”—it’s about which one saves you more.


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