Get the full list of old tax slabs for FY 2024-25 with deductions, benefits, and expert comparison with the new regime . Easy guide inside. The decision to choose between regimes depends on individual financial planning needs, with the old regime offering more incentives for savings and the new one offering a simplified tax structure. Introduction: The Budget, 2024 has introduced significant changes to individual income tax slabs , making the new tax regime more appealing. Compare the income tax slabs and rates for new and old regimes for FY 2024-25 and AY 2025-26. Learn about the changes, exemptions, deductions, and surcharge applicable under each regime . Deductions/exemptions allowed under new tax regime Deductions/exemptions under old tax regime Old Regime New Regime Gross Salary (after deducting allowances exempted under both regimes) Less: Amount deductible from Gross Salary (except standard deduction) which is not allowed in new regime Less: Standard Deduction Income from Salaries
