New tax regime can save ₹25 lakh-₹1 crore earners up to ₹1.5 lakh

A comparison by Grant Thornton Bharat shows the new tax regime can save salaried taxpayers earning ₹25 lakh to ₹1 crore up to ₹1.5 lakh compared with the old regime. The analysis assumes common deductions available under the old regime. Salaried individuals can choose between the two tax regimes each year based on which offers greater tax savings.