Old vs New Regime
Old regime allows deductions (80C, HRA, etc.) whereas the new regime offers lower tax slabs without deductions.
87A Rebate
Under Old Regime, income up to ₹5L has zero tax after rebate. New Regime extends this to ₹7L income.
Choose Wisely
Old regime benefits high-deduction earners. New regime is better if you have minimal investments/deductions.