*Just Read an Amazing ET Wealth Article🏠 Old Tax Regime vs New: Should Your Home Loan Decide the Switch ❓💡Thought to share you.* With Budget 2025 raising the tax-free income limit to ₹12 lakh, the New Tax Regime is looking more attractive — but is it really the best for you, especially if you have a home loan? Here’s a quick breakdown: 🔻 Old Tax Regime ✔️ Offers deductions like: ₹2 lakh on home loan interest (Section 24b) ₹1.5 lakh under Section 80C (for PPF, ELSS, etc.) ✔️ Good if you claim high deductions ✔️ Still preferred by many home loan borrowers BUT many of these tax-saving tools are now not useful for everyone — especially those with fewer deductions or simple tax profiles. 🆕 New Tax Regime ✔️ Lower tax rates ✔️ No deductions needed ✔️ Clean, simple, and now more rewarding if your taxable income is up to ₹12.5L ✔️ Works great for salaried individuals with fewer deductions 🔍 Key Insight: If your deductions are: ✅ High → Old regime may still work better ✅ Low or nil → New regime is likely your best bet 📊 For example, if your income is ₹20L, and deductions are under ₹7.5L, new regime might save you more (see chart ➡️) 🏦 Bonus: Interest on home loans is still allowed under certain conditions in the new regime — especially for let-out property. 🎯It’s not about which regime is “better” — it’s about what suits your tax situation best. If you’re unsure, consult a tax expert or run a quick comparison. *👇 Let me know in the comments:* Which one are you opting for in FY25 ❓ https://www.linkedin.com/posts/rajneeshjha-_taxplanning-financesimplified-budget2025-activity-7327620522463186947--nRG?utm_medium=ios_app&rcm=ACoAAB9VxpMBzJ92bL33q8yfMNCBZzouBCdN3Ug&utm_source=social_share_send&utm_campaign=copy_link