Old or New Tax Regime: Which Saves You More?
Taxpayers may be able to claim up to Rs 8 lakh in deductions. Their ability to do so could decide which tax regime suits them better. The choice between the old and new regimes is a yearly decision for many people.
Context
Context: India offers two income tax regimes, an old one that allows many deductions and a newer one with lower rates but fewer deductions. Taxpayers pick the regime that gives them the lower tax bill.
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