No Income Tax on Income upto 12.75 lacs for salaried/Non Salaried Tax payer Answering the million-dollar question: Old regime or new regime? Here's a table that answers all your questions. For example, at ₹13.25 lakhs of income, you'll need more than ₹5 lakhs of deductions in old regime (after standard deduction) to pay less tax than new regime. Please note that these changes are applicable on income of next financial year, i.e., 1st April, 2025 onwards. Follow channel for all Financial and Taxation updates https://whatsapp.com/channel/0029VagtArW9Gv7Lx8fJk605