India, Sept. 15 -- With the Income Tax Return (ITR) filing deadline for AY 2025-26 on 15 September 2025, one of the biggest decisions taxpayers face is whether to file under the old regime or the new regime. The choice can directly impact how much tax you pay-or save. Here's a detailed comparison to help you pick the right option before you file.

Under the old system, taxpayers get access to a wide range of exemptions and deductions, which can significantly reduce taxable income.

Tax Slabs (Old Regime):

Key Benefits:

Best For: Salaried employees with significant investments, home loans, or HRA claims.

Introduced in 2020 and made the default regime from FY 2023-24, the new regime offers lower tax rates but fewer deductions.

Tax Slabs...