Comparison of Old Tax Regime v/s New Tax regime

People are always confused with 2 tax regimes being active now! Which one to choose? What kind of rules are there in both? How much to save? etc. etc.!
Proper tax savings being done will always make old tax regime as beneficial for most of people. In case you are going with new tax regime, no need to showcase any kind of savings! But again, you might loose more tax becuase of that. Always do savings to save your tax today and to secure your future tomorrow !

[romecat]

Mid - Single guy with no section to utilize.
Bottom - Family guy taking advantage all sections.
Top - 12 LPA/12 month = 1L per month salary.

[yashaswiniv]

STCG TAX ON EQUITY SHARES CAN U EXPLAIN

[nehalnama]

The comparison strips are best & easy to understand

[prathap]

My take home salary is 15.6 lakhs. No investments no tuition fees. Took only one insurance worth 2000 per month. Which one should i go old tax regime or new tax regime?

[rkc]

Next few years old regime will be removed and all have to pay tax as per their gross salary 😂😂😂

[tusharmahajan]

Not correct its 82500 new regime and 76500 old regime with 270000 savings+HRA

[harinikrishnan]

Hi, if we opt for new regime, can we claim standard deduction? If yes, how?

[JayeshGopinathan]

Not correct. This depends on the various investments done.

[nayanrathour]

My earning is 8 lac ..which one should i opt?

[shaik_mohammedimran]

My earning is above 11p.a
Only HRA and tuition fees, which regime is I have to select

[NehaKumari-sugg]

Hi,
Thanks for the clarification.
It's really informative.

I have one question if someone has opted for New Tax Regime then does he/she need to show any investment proofs during investment proof submission period when asked by payroll team?