“A Study on Comparative Analysis of the Old and New Tax Regimes under Income Tax System”

Shital Kanojiya1    Prof. Vaishnavi Baroha2

Student of Business Management1  Asst. Professor of Business Management of SBJITMR, Nagpur.2

ABSTRACT

The study titled “A Study on Comparative Analysis of the Old and New Tax Regimes under Income Tax System” focuses on comparing the features, advantages, and limitations of the old and new tax regimes in India. The research examines how both tax systems influence taxpayers’ financial decisions, tax planning, savings, and investment behavior. The old tax regime provides various deductions and exemptions, while the new tax regime offers lower tax rates with simplified compliance procedures. The study is based on secondary data collected from research papers, articles, and government sources. The findings reveal that the suitability of each regime depends on factors such as income level, investment habits, and financial goals. The study concludes that taxpayers should carefully evaluate both regimes before making a selection to maximize tax benefits and financial efficiency.

Keywords: Income Tax, Tax Planning, Deductions, Exemptions, Compliance.