Union Budget 2025, Feb. 1 -- Is the govt planning to phase out the old regime? Nirmala Sitharaman has proposed to introduce the new income tax law in Budget 2025. With this, the rumours of phasing out the old regime have reviewed.

As we know the new tax regime offers concessional tax rates but does not offer deductions that are given in the old tax regime.

As of now, one can claim deduction upto Rs.1.5 lakh for investments made under different sections. When the

Published by HT Digital Content Services with permission from MINT....