New Tax Regime vs Old Tax Regime: Which One Should You Choose For Rs 10 Lakh Annual Income?

New Tax Regime vs Old Tax Regime: Which One Should You Choose For Rs 10 Lakh Annual Income?

Last Updated:November 23, 2024, 17:53 IST For a Rs 10 lakh income, the new tax regime saves Rs 25,900 in taxes. However, the old regime benefits more if deductions are maximised Taxpayers should make the right choice based on their income, expenses and investment plans. (Representative/Shutterstock) In the budget for the financial year 2024-25, the … Read more