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Understanding Income Tax Regimes
India offers two tax regimes: the Old regime with deductions and exemptions, and the New regime with lower tax rates but fewer deductions. Choose based on your financial situation.
Tax Saving Investments
Under the old regime, you can save tax through various investments and expenses under sections 80C, 80D, and others. The new regime doesn't allow most of these deductions.
How to Optimize Tax Savings
Plan your investments and expenses to maximize tax benefits. Consider factors like HRA, home loan interest, insurance premiums, and eligible investments under various sections.
Using the Tax Calculator
Enter your income, applicable deductions, and choose between old and new tax regimes. The calculator will show your tax liability under both regimes to help you make an informed choice.