India offers two tax regimes: old and new. The old regime allows deductions for various expenses, suitable for investors. It has higher tax slabs but requires detailed record-keeping. In contrast, the new regime simplifies filing with lower tax slabs but offers limited deductions, potentially resulting in higher tax liability. Consider your income, deductions, and financial goals to decide. Compare tax liabilities under both regimes after the financial year ends to make the best choice.
Deciding Between India’s Tax Regimes: Simplify or Save?
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