Understanding the difference between the old regime and the new regime in income tax (आयकर में पुरानी व्यवस्था और नई व्यवस्था 2024 के बीच अंतर को समझना)
The old regime in income tax refers to the traditional system of taxation with various exemptions and deductions available, allowing tax payers to reduce their taxable income. The new regime, introduced to simplify the tax process, offers lower tax rates but does not permit most exemptions and deductions, requiring taxpayers to choose between the two …