Each financial year you can choose between the old tax regime (with Chapter VI-A deductions) and the new regime (lower rates, fewer deductions) for most individual taxpayers.
Decision factors
- Total eligible deductions under 80C, 80D, HRA, etc.
- Whether you have housing loan interest or NPS contributions
- Employer payroll default vs opt-out in time
- Business income and presumptive scheme interaction
We model both options during personal tax filing and salaried ITR support. See 80C & 80D guide.
