Old vs new income tax regime: What to choose if you earn Rs 50 lakh per year
Published in India Today | March 2025
"Those who invest heavily for deductions or carry multiple sources of income carrying exemptions, the old regime may be beneficial. The old regime involves detailed tax planning, while the new one is simpler.
However, the new regime simplifies tax filing and benefits those who want reduced investments and minimal paperwork. The new regime benefits those who prefer fewer tax-saving investments. Ultimately, if you benefit from significant deductions/ exemptions, the old regime might be more advantageous; otherwise, the new regime’s ease and lower rates could be ideal." - Gaurav Jain, Partner, Direct Tax