Tax outgo will be lower in the old regime with exemptions if you claim multiple, higher deductions, primarily for home loan interest or house rent allowance (HRA). For low-income earners and others with fewer deductions, the new, simplified regime is more advantageous. Budget 2024 has improved the new, simplified income-tax regime significantly. Taxpayers now have … Continue reading India Budget 2024: Which Income Tax Regime Saves You More?