Old vs New Regime
The new tax regime offers lower tax rates but removes most deductions. The old regime allows deductions but has higher tax rates. Choose based on your deduction profile.
When to Choose Old Regime
- High 80C deductions (home loan, PPF, ELSS)
- Significant HRA exemption
- High medical insurance (80D)
- Other deductions (80G, 80E, 80EEA)