FAQ on 2 tax regimes to choose from: old regime & new regime
Key Differences Between New & Old Tax Regimes (FY 2024–25) Particulars New Tax Regime Old Tax Regime Rebate u/s 87A INR 7,00,000 INR 5,00,000 STCG (Section 111A) Rebate Not Available Available LTCG (Section 112A) Rebate Not Available Available Standard Deduction INR 75,000 INR 50,000 House Rent Allowance (HRA) Not Available Available Leave Travel Allowance (LTA) …