Comparison of OLD Tax Regime Vs New Tax Regime for Individual/ HUF as upated by Finance Act 2024 (exemption & deductions in both)
Here is the summary of some important exemptions & deductions under New Tax Regime for Fy 2024-25:- Particulars Old Tax Regime New Tax regime (For FY 2024-25)(AY 2025-26) Remarks (If any) Basic Exemption Limit (a) ₹ 250000 (others)(b) ₹ 300000 (Senior Citizen)(c) ₹ 500000 (Super Senior Citizen) ₹ 3 Lakh (for all) See Detailed Slab […]