Budget 2025, Feb. 1 -- Union Finance Minister Nirmala Sitharaman announced the revision of tax slabs for taxpayers under the new tax regime. This has, undoubtedly, made the new tax regime even more attractive for the taxpayers.

Does this mean that today's Budget rang a death knell for the old tax regime? Let us understand whether the old tax regime will remain relevant, and if yes then for how long. The tax slab rates under the old tax regime are as follows:

Now imagine someone who earns Rs.12 lakh is entitled to claim a rebate of upto Rs.60,000 in the new tax regime thereby saving himself from paying any tax at while, whereas in the old regime, he will fall in the highest tax bracket of 30 percent.

Under the old tax regime, maximum re...