The new regime offers lower slab rates and a higher standard deduction but removes most deductions like 80C, 80D and HRA.
If your total deductions are modest, the new regime usually wins. If you have home-loan interest, HRA and full 80C investments, the old regime may still save more.
Salaried employees can switch every year; business owners have restrictions on switching back and forth.
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This article is for general information only and is not professional advice. Tax rules change; consult us for your specific case.