New Delhi, Feb. 10 -- After Budget 2025 generously slashed tax rates across all income ranges in the new tax regime, the general consensus is that the old regime is a thing of the past. Well, not yet for those paying rent.
Tax-saving component of the house rent allowance (HRA) makes the old tax regime more beneficial in some cases. One such case is of married couples, who can use HRA strategically to save tax based on their salary and tax slabs.
Also read: Goodbye old tax regime; new regime now more attractive
After Budget 2025, the break-even limits- minimum deductions needed to make the old tax regime worthwhile-have nearly doubled. For incomes above Rs.24 lakh, taxpayers now need at least Rs.8 lakh in deductions and exemptions to sa...
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