New tax regime 2024: Compare the Old Tax Regime vs New

Compare the Old Tax Regime vs New Tax Regime for FY 2024 -25. Check out slab rates, deductions, and choose the best tax option for you and Maximize your tax savings with ClearTax. Modifications in the Income Tax Slabs According to the announcement made under the latest budget, the revised tax slab applies to the new tax regime . The corresponding changes from April 1, 2024 , are highlighted below. Compare the new default tax regime (Section 115BAC) and the old regime . Understand the differences in tax rates, surcharge, and a comprehensive list of allowed vs. disallowed deductions.