Income Tax, Aug. 8 -- Those taxpayers who have already filed their income tax return (ITR) for FY 2024-25 could be waiting for the refund, whereas those who have yet to file their return could be staring at myriad problems. One of the key dilemmas they are perhaps facing relates to the choice of income tax regime: old or new.

Experts say that mosttaxpayers tend to go with the regime that they chose last year, or theymake a decision based on their entitlement for deduction. For instance, if some taxpayers have made investments in some tax-saving instruments, which entitle them to claim80C deductions, they prefer to go with the old tax regime. Conversely, they choose a new tax regime when there are no such deductions. But is this plan of a...