New old regime
This query is : Resolved
22 August 2026
In income tax
Will there be any impact
With respect to deductions in all 5 income of heads
While we choose old or new regime.....
Will there be any impact
With respect to deductions in all 5 income of heads
While we choose old or new regime.....
22 August 2026
Yes, regime selection impacts deductions across income heads. The New Tax Regime eliminates most Chapter VI-A deductions, self-occupied housing loan interest, and key salary exemptions (HRA/LTA) in exchange for lower slab rates, while the Old Tax Regime preserves all standard exemptions, business allowances, and Chapter VI-A deductions.
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