New Delhi, Feb. 1 -- The government's latest tax overhaul of income tax slabs in Budget 2025 is aimed at introducing a more streamlined tax system, providing relief to the harried middle-class salaried taxpayer. But does this necessarily mean better savings for taxpayers? Or does it merely mark a shift away from traditional deductions, which the old tax regime is synonymous with, without offering significant financial gains? Let's try to break it down.

The government has promised a simpler, more transparent tax system, weeding out legal jargon and cumbersome provisions. The new tax structure is designed to be:

Easier to understand. In other words, fewer complexities, fewer exemptions.

More predictable. In other words, a clear slab-base...