Old / new under income tax

This discussion explores whether a senior citizen with an aggregate income of around £30 lakhs should file their income tax return under the old or new tax regime. It highlights that the new regime might be more beneficial due to higher tax slabs, though the old regime offers various deductions and exemptions. For a definitive answer, it's recommended to use the Income Tax portal's calculator to compare tax liabilities under both systems and determine the most tax-efficient option.