New vs Old tax regime? How to optimise your tax planning for FY24

December 11, 2023

The Indian government introduced the new tax regime in 2020, offering taxpayers a choice between the old and new tax structure. This move sparked a debate amongst taxpayers about which regime is more beneficial for them. With the new financial year 2023-24 around the corner, it is essential to understand the key differences between the …

Should you opt for the new or old income tax regime?

August 17, 2023

How should I decide which is a better tax regime for me—old or new tax regime? What deductions will I get in old regime and what will I stand to lose in the new tax regime? —Name withheld on request There are merits and demerits of both the old and new tax regime. From the …