FAQs on New Tax vs Old Tax Regime
FAQs on New Tax vs Old Tax Regime From AY 2024-25, the new tax regime under Section 115BAC is the default tax regime for Individuals, HUFs, AOPs (excluding co-operative societies), BOIs, and Artificial Juridical Persons. However, taxpayers can opt out of the new regime and choose the old regime. Non-Business Income Cases: Option can be …