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What is Old Vs New Tax Regime Which Is Better New or Old about?

The document discusses the upcoming filing for AY 2024-25 and compares the old and new tax regimes for salaried employees, highlighting key changes introduced in Budget 2023 to encourage adoption of the new regime. It outlines the differences in tax slabs, deductions, and exemptions, emphasizing the importance of evaluating individual circumstances to determine the most beneficial option. The conclusion suggests that while the new regime simplifies tax filing, the old regime may still be advantageous for th

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