Comparison between Old Tax Regime and New Tax Regime

With the introduction of the New Tax Regime, comes confusion as to which regime to choose- the Old Tax Regime or the New Tax Regime. The New Tax regime is optional for taxpayers, which means you can choose between the Old Tax Regime and the New Tax Regime to get taxed for the financial year depending on the suitability and tax planning.

Here is a small comparison for you to choose a suitable tax regime: