Understanding the New Tax Regime vs Old Tax Regime for FY 2024-25

Confused between the new and old income tax regimes? Here's a clear comparison to help you choose the right one for FY 2024-25 (AY 2025-26).

Old Tax Regime: Higher slabs, more deductions. New Tax Regime: Lower slabs, no deductions. Who should choose what? Those with home loans, insurance, and investments may benefit from old. Others may prefer new. Conclusion: Compare your tax under both regimes and choose wisely.