![New Tax Regime: Should you opt for it over old tax regime? All about income tax slabs, exemptions and more | Mint New Tax Regime: Should you opt for it over old tax regime? All about income tax slabs, exemptions and more | Mint](https://i0.wp.com/www.livemint.com/lm-img/img/2025/02/05/1600x900/tax_4_1738757555401_1738757565806.jpg?w=600&resize=600,400&ssl=1)
New Tax Regime: Should you opt for it over old tax regime? All about income tax slabs, exemptions and more | Mint
Source: Live Mint In 2020, the Government of India introduced a new tax regime that offered concessional tax rates while scrapping most of the deductions and exemptions offered under the old tax regime. Most small taxpayers were – until then – accustomed to claiming exemptions and deductions against the investments they made during the financial…