Plan first, invest later: Why choice between new and old tax regimes requires deep planning

Taxpayers are facing higher tax outgo due to incorrect regime choices, often stemming from misunderstandings of exemptions and documentation. Experts advise projecting liabilities under both regimes, with high HRA and rent payments favoring the old system, while low rent benefits the new.

Plan first, invest later: Why choice between new and old tax regimes requires deep planning
Taxpayers are facing higher tax outgo due to incorrect regime choices, often stemming from misunderstandings of exemptions and documentation. Experts advise projecting liabilities under both regimes, with high HRA and rent payments favoring the old system, while low rent benefits the new.