Which option should salaried employees choose, old tax regime or new tax regime?
Under the old tax regime, taxpayers can claim multiple deductions and exemptions, whereas these deductions aren't available under the new regime. If total deductions are below ₹8 lakh, the new regime may be preferable, said Gopal Bohra from NA Shah Associates. The old regime suits employees paying rent or loans, while the new regime appeals to those with fewer deductions.