Confused Between Old And New Tax Regime? Here's What Taxpayers Should Know

Choosing between the old and new tax regime is one of the biggest decisions while filing your Income Tax Return. Gauri Chadha, Tax Expert, explains which option could work better for different taxpayers and whether you can still choose your preferred tax regime before filing your ITR. She highlights why the new tax regime has become the preferred choice for many due to lower tax rates and a simpler filing process. Gauri Chadha also explains how the Income Tax Department has tightened compliance under the old regime by seeking additional details for deductions such as HRA and donations.